A Major Player in Solar and Power Construction
Since 2008, Solv Energy has constructed more than 500 power plants, collectively generating 20 gigawatts of electricity. Beyond building, the company maintains an ongoing operational footprint — providing operations and maintenance services to 146 active power plants representing over 18 gigawatts of capacity.
Its services span the full lifecycle of power infrastructure projects, including engineering, procurement, construction, testing, commissioning, operations, maintenance and repowering. The company also offers large-scale repair and emergency response services, according to its SEC filing.
By its own account, Solv Energy ranks as the second-largest solar contractor in the United States based on 2024 revenue and the seventh-largest power contractor overall.
From Swinerton Renewable Energy to Solv Energy
Solv Energy’s rise to the public markets traces back to its earlier identity as Swinerton Renewable Energy. In 2021, private equity firm American Securities acquired the company and later rebranded it under its current name.
American Securities remains the controlling shareholder following the IPO.
The legal teams guiding the transaction include Alexander Lynch and Ashley Butler of Weil Gotshal & Manges LLP for Solv Energy, and Marc Jaffe and Erika Weinberg of Latham & Watkins LLP for the underwriters.
As the company steps onto Nasdaq’s stage, investors will now weigh whether Solv Energy can convert America’s mounting energy demands into sustained public-market performance — turning megawatts into momentum.
