NAES Corp. (NAES) has acquired Bay4 Energy Services, an independent renewable energy service provider headquartered in Florida. Financial terms were not disclosed.
The acquisition adds 1.6 gigawatts of solar power to the NAES Power Services portfolio, bolstering its footprint within the renewable energy sector.
“It is great to realize this key milestone in our growth strategy,” said Charlie Hoock, senior vice president, power services at NAES. “The combination of Bay4 with NAES, the largest, third-party operation and maintenance service provider in North America, will allow us to leverage our capability to provide comprehensive, turn-key solutions to the renewable energy market.”
Bay4 Energy operates and manages energy assets at numerous power plant facilities across the United States for owner-operators, financial institutions, Fortune 500 companies, state governments, the Federal government and utilities.
