Innovative Solar Systems LLC has obtained construction financing for just more than 200 MW of the companies already approved and construction ready solar farms in North Carolina. Construction will start almost immediately on these projects states John Green, CEO for ISS. The company is excited to have obtained construction financing for these projects and is now seeking credit-worthy entities that would like to sign LOI’s to secure the rights to buy and own these projects at COD.
The timing of everything on these latest utility-scale solar farms could not have happened any better, states Green. The company will be executing final interconnection agreements with the utility company as well as final purchase power agreements and is excited to be adding so much new capacity to the grid in North Carolina. “It is our experience that investors and buyers of these large scale projects much prefer to purchase the project once built rather than assuming all of the risk and financing on the front end so the company feels confident that buyers will step forward quickly to sign LOI’s, thus giving them the right to buy and own an individual project at COD.”
— Solar Builder magazine
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