This acquisition marks a significant milestone for AMS Renewable Energy as it continues to expand and address a rapidly growing pipeline of EPC work across the northeast and mid-Atlantic markets.
Collective Solar, which offers over 160 megawatts of solar construction experience, brings an experienced team and a wealth of project-level expertise to AMS Renewable Energy.
According to the U.S. Government office of Energy Efficiency and Renewable Energy, domestic solar energy generation is expected to increase by 75%. The combined company is well positioned to address the growing need for these services.
With the acquisition of Collective and its construction platform, AMS will now have the in-house resources to scale design, engineering, logistics, procurement, and construction services for its developer and Independent Power Producer (IPP) clients. It also aims to explore growth opportunities nationwide.
"We are thrilled to welcome Collective Solar into the AMS family," said Abu Riaz, CEO of AMS Renewable Energy. "Their strong track record in solar construction and their commitment to creating long-term value for their clients align perfectly with our mission. This acquisition will enable us to accelerate the deployment of high performing renewable energy projects across the region and bring us closer to achieving our goal of a cleaner energy, and more sustainable future."
Collective Solar has extensive experience in distributed generation solar installations with licensed master electricians, civil contracting equipment, and a host of tenured operators on staff to execute even the most complex projects. The firm is headed by CEO and founder Vincent Colletti, a licensed Master Electrician, who will now serve as Head of Construction for AMS Renewable Energy.
"This is an exciting opportunity for Collective Solar and our team," said Colletti. "Joining forces with AMS Renewable Energy allows us to leverage their extensive resources and industry knowledge, enhancing our ability to deliver exceptional solar solutions to our clients. We look forward to contributing to AMS's growth and continuing to deliver successful projects for clients."
This acquisition enables AMS to bring the civil and electrical scope in-house for its current construction pipeline, increases operational efficiency across the region, and strengthens AMS' position as a national player among other vertically integrated solar EPCs in the industry.
Both companies are committed to ensuring a seamless transition for clients and stakeholders.
