Bureau Veritas, a global leader in testing, inspection, and certification services, has acquired ArcVera Renewables, a specialized provider of finance-grade consulting and technical services for wind, solar, and battery storage projects worldwide. This acquisition aligns perfectly with Bureau Veritas’s LEAP | 28 strategy, which aims to create a dominant position in the burgeoning renewable energy sector. Bureau Veritas is dedicated to supporting the energy transition by providing comprehensive solutions for power sector customers, enabling them to navigate the challenges of developing and operating renewable assets. This acquisition will expand Bureau Veritas’s capabilities, particularly in North America, to support landowners, developers, owners, and investors in bringing their wind and solar farm projects to fruition.
ArcVera Renewables offers customers advanced technical site and resource assessments, providing valuable consultancy during the development and operational phases of utility-scale renewable projects. Their team of engineers, technical specialists, and subject matter experts helps clients mitigate risks and ensure optimal asset performance. Since its inception, ArcVera Renewables has supported 9GW of solar projects in North and South America and evaluated projects representing 93,000 MW of wind capacity in the United States. In 2023, ArcVera Renewables generated €6.5 million in revenue and is headquartered in Golden, Colorado.
Hinda Gharbi, Chief Executive Officer of Bureau Veritas, stated, “The acquisition of ArcVera Renewables is a significant step in our LEAP | 28 strategy, expanding our services and solidifying our leadership position in the renewables and power generation sector. ArcVera Renewables has established an outstanding reputation for excellence in due diligence and operational verification on renewable projects. Their expertise will be a valuable addition to Bureau Veritas’s energy transition services portfolio. I extend a warm welcome to all new colleagues from ArcVera Renewables.”
Greg Poulos, CEO of ArcVera Renewables, added, “We recognized that Bureau Veritas’s extensive and deep technical capabilities would be a powerful catalyst for ArcVera Renewables. From our inception, our mission has been to accelerate the clean transformation of the world’s energy sector by providing reliable, valuable, detailed, and independent technical analysis to ensure our clients’ success. Joining Bureau Veritas marks a significant step forward in achieving this goal and is equally transformative for the ArcVera team and its growing global renewable energy clientele.”
About Bureau Veritas
Bureau Veritas is a global leader in inspection, certification, and laboratory testing services, driven by a powerful purpose: to shape a world of trust by ensuring responsible progress. With a vision of being the preferred partner for its customers’ excellence and sustainability, Bureau Veritas is committed to innovation to help them navigate change. Founded in 1828, Bureau Veritas employs 83,000 people who deliver services in 140 countries. The company’s technical experts support clients in addressing challenges related to quality, health and safety, environmental protection, and sustainability. Bureau Veritas is listed on Euronext Paris and is a member of the CAC 40 ESG, CAC Next 20, SBF 120 indices, and is part of the CAC SBT 1.5° index.
About ArcVera Renewables
ArcVera Renewables provides finance-grade consulting and technical services for wind, solar, and storage projects worldwide. For the past four decades, ArcVera Renewables has been dedicated to delivering next-generation innovation in renewable energy to meet the needs of landowners, project developers, investors, project owners, and operators globally. ArcVera Renewables provides technically sound and accuracy-driven technical services, including prospecting and resource assessment, independent technical and financial engineering, as well as plant optimization, operations, and repowering. Subsidiary offices are located in India, Brazil, and South Africa, serving clients on all continents.
