AMS Renewable Energy Strengthens Portfolio with Collective Solar Acquisition
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AMS Renewable Energy Expands Northeast Capacity
AMS Renewable Energy has made a notable stride in advancing its mission of delivering sustainable energy solutions by acquiring Collective Solar, an esteemed distributed solar construction firm. This strategic move strengthens AMS's position in the rapidly evolving solar energy market.
Significance of the Acquisition
This acquisition represents a critical step for AMS Renewable Energy in addressing the burgeoning demand for engineering, procurement, and construction (EPC) services. The combination of resources will enable the company to scale its operations significantly across the northeast and mid-Atlantic regions.
Enhanced Capabilities
With over 160 megawatts of solar construction expertise, Collective Solar brings a remarkable range of capabilities and an experienced team to the table. The fusion of AMS's and Collective's strengths will allow them to provide comprehensive solar solutions with an emphasis on sustainability and excellence.
Addressing Growing Demand for Renewable Energy
According to projections from the U.S. Government's Office of Energy Efficiency and Renewable Energy, solar energy generation in the country is set to surge by 75%. This growth underscores the importance of AMS and Collective's services in meeting the increasing demand for renewable energy.
Strategic Growth and Future Plans
By integrating Collective's construction platform, AMS Renewable Energy can enhance its design, engineering, logistics, procurement, and construction services for its developer and Independent Power Producer (IPP) clients. This strategy also opens doors to growth opportunities nationwide, positioning AMS as a key player in the sustainable energy arena.
Leadership Insights
AMS Renewable Energy's CEO, Abu Riaz, expressed enthusiasm about the acquisition, stating, "We are thrilled to welcome Collective Solar into the AMS family. Their strong track record in solar construction aligns with our mission, and this acquisition will enable us to spin up high-performing renewable energy projects across the region. Our goal is a cleaner and more sustainable future." This sentiment reflects the broader commitment of both companies to promote renewable energy solutions.
A Collaborative Future
Collective Solar’s CEO, Vincent Colletti, now serves as AMS's Head of Construction. He conveyed excitement about the collaboration, highlighting the opportunities for innovation and exceptional service delivery in solar construction that the partnership will unlock.
Operational Efficiency and Integration
This strategic acquisition enhances operational efficiency in AMS's construction pipeline by bringing civil and electrical work in-house. This integration will lead to streamlined operations and a fortified industry position among vertically integrated solar EPC firms.
About AMS Renewable Energy
AMS Renewable Energy is a preeminent distributed solar and energy storage EPC firm, headquartered in Bronx, NY. The company showcases its capabilities across 36 states, currently engaged in the construction of over 100 megawatts of distributed generation solar projects. As one of the largest self-performing EPCs, AMS firmly commits to delivering a best-in-class level of service, even in the face of complex challenges.
About Collective Solar
Established in 2019, Collective Solar has garnered over 160 megawatts of experience in solar construction. Renowned for its high-quality ground-mounted solar projects, the company specializes in turn-key solar construction, offering civil and electrical services tailored to commercial developers and independent power producers.
Frequently Asked Questions
What is the significance of AMS's acquisition of Collective Solar?
This acquisition allows AMS to enhance its service offerings and better meet the growing demand for renewable energy solutions in the northeast market.
How does Collective Solar contribute to AMS’s capabilities?
Collective Solar brings significant construction experience in solar projects, enabling AMS to strengthen its design, procurement, and construction services.
What are the goals of the combined company?
The goal is to accelerate the deployment of renewable energy projects and improve operational efficiencies across their combined services.
Who will lead the construction efforts within AMS post-acquisition?
Vincent Colletti, the founder of Collective Solar, will now serve as the Head of Construction at AMS Renewable Energy.
What are AMS's future growth plans?
AMS aims to explore growth opportunities beyond the northeast, leveraging the strengths of the Collective Solar team to enhance its nationwide presence.
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