FLS Energy has closed financing and begun construction on 38 MW of utility-scale solar farms across eight locations in North Carolina.
The portfolio of projects is being financed as a bundle and will be the first phase of an expected 80 MW to be constructed and owned by FLS Energy this year. The solar energy plants are expected to produce approximately 56 GWh of electricity per year. Duke Energy will purchase the electricity generated by the solar energy systems through 15-year power purchase agreements.
‘We are excited about bringing 38 MW of solar energy projects online at one time and making such progress in our mission of making solar mainstream,’ says Dale Freudenberger, CEO of FLS Energy.