SOLV Energy to build 6GW of solar and storage assets in the US

SOLV will also build projects for NewSun Energy, Enfinity Global and Panamint Capital, the first time that the EPC has worked with these companies. It expects to begin construction at the projects this year.

“Demand for energy is continuing to grow rapidly and we are committed to investing in the capabilities our customers need for larger and increasingly complex power projects,” said George Hershman, SOLV CEO, which also announced that it would be “making significant investments” into new hiring and training practices.

There is increasing demand for new workers in the global solar sector, with figures from the International Renewable Energy Agency (IRENA) reporting that, in 2023, solar PV jobs accounted for 44% of all jobs in the global renewable energy industry. The sector also added over two million jobs between 2022 and 2023.

Figures from utility-scale PV database Wiki-Solar report that SOLV is the leading EPC contractor in the US, having built over 13GW of PV capacity as of the third quarter of 2024. Earlier this year, the company acquired California-based drilling contractor Sacramento Drilling, which works in piling and foundation drilling for solar projects, as it has sought to expand its portfolio.