Construction Financing Secured for 200MWs of Solar Farms in NC - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

Construction Financing Secured for 200MWs of Solar Farms in NC


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Innovative Solar Systems, LLC has secured construction financing for over 200MWs of solar farms to be built and commissioned in North Carolina during 2015.

Asheville, NC (PRWEB) August 25, 2014

Innovative Solar Systems, LLC just announced that the company has obtained construction financing for just over 200MWs 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. As one of the largest and most experienced developers of solar farm projects in the United States the company is very excited to have obtained construction financing for these projects and is now seeking credit worthy entities that would like to sign LOIs 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 John Green of ISS. 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 LOIs, thus giving them the right to buy and own an individual project at COD.

ISS has been a leader in the solar industry and is proud to now offer clients projects in the 20MW and above size that can be purchased at COD whereby the purchaser has to supply nothing upfront except an LOI indicating that the intent is for them to purchase a given project at a given price once the project is completed and ready for commissioning. Wealth Management, Hedge Funds, Equity Groups and Private as well as Institutional size investors seem to be more able and willing to purchase large solar farm projects when all of the guess work is taken out of the transaction and the purchase is being made at COD and at a not to exceed price. Please call the team at Innovative Solar Systems today at (828)-215-9064 to learn more about available projects and necessary steps to provide an LOI and thus secure a still available project.

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