Clairvest portfolio co. NovaSource selected by Equis

Executive Summary

• NovaSource Power Services, a portfolio company of Clairvest Group Inc., has been selected as the long-term Operations and Maintenance (O&M) partner for the Melbourne Renewable Energy Hub (MREH) in Australia.
• The MREH is a major infrastructure project developed by Equis and the Victorian government-owned SEC, scheduled to come online in late 2025.
• Upon completion, MREH will be one of the world's largest batteries, providing 600 megawatts of capacity and 1.6 gigawatt-hours of storage, supporting Victoria's 2035 renewable energy targets.

Key Details

• Contract Scope: NovaSource will provide comprehensive O&M services, including 24/7/365 performance monitoring, predictive maintenance, and specialized support for energy systems to maximize uptime, energy yield, and long-term asset performance.
• Project Capacity: The Melbourne Renewable Energy Hub will have a total capacity of 600 megawatts and 1.6 gigawatt-hours of storage.
• Strategic Location: The project is located at the intersection of Victoria's critical transmission corridors, capable of supporting three major renewable energy zones: Murray River, Western Victoria, and South Victoria.
• Timeline: The project is set to come online in late 2025.
• Market Impact: This partnership expands NovaSource's footprint in the Asia Pacific region, reinforcing its position as the world's largest independent solar O&M provider.
• NovaSource Portfolio: NovaSource manages over 30 gigawatts of solar power plants across key global markets and most U.S. states, with expertise extending to battery energy storage systems.

Notable Quotes

• "Being chosen by Equis to support this transformative project reflects NovaSource's global leadership in asset optimization and utility-scale O&M." — Irfan Bharde, Senior Vice-President and Chief Commercial Officer at NovaSource Power Services.
• "We're proud to bring our expertise in performance engineering, predictive analytics and system maintenance to ensure the MREH delivers lasting value for Australia's energy future." — Ayssar Alsayed, NovaSource's Country Manager in Australia.