Innovative Solar Systems LLC (ISS) has received all necessary approvals to begin construction on a 75 MW solar farm in Fayetteville, N.C., totaling $165M.
According to John E. Green, CEO of ISS, the new facility will be able to generate enough electricity to power approximately 20,000 average-size homes. The company says that this is one of the largest projects to ever be approved and built in the Eastern U.S.
ISS has obtained interconnection agreements, long-term power purchase agreements, and long-term operations and maintenance agreements, in addition to state, federal and regulatory approvals for the project.
ISS is in final negotiations with potential owners and investors who seek to own the solar facility.