Innovative Solar Systems, LLC | News Release —
Structured financing can be a bit tricky for utility scale solar farm projects and it has been reported that Innovated Solar Systems, LLC is in the final stages of going to contract with multiple partners that will supply construction financing on the company’s large portfolio of shovel ready projects in NC.
The current portfolio of construction ready ISS projects range in size from 35 Megawatts to 80 Megawatts and all have interconnection agreements in place and purchase power agreements that have either already been executed or are ready for execution.
Although ISS has secured financial partners that are ready to fund the projects from NTP to COD, the company is still reviewing term sheets from investors that seek to purchase these great projects at COD for long term ownership of the solar farms.
With the federal tax credits set to go away at the end of 2016 most large investment companies that seek to own solar projects as long term assets are quite interested in the timing of these ISS projects since this entire 500 Megawatt portfolio can be purchased, built immediately and then brought online in a timely fashion.
Another key reason that larger investment funds and groups like large solar projects is due to the lower hard and soft costs as related to the projects thus making the overall returns much better.
ISS has partnered up with some of the most credit worthy and cost effective EPC’s in the world to build these projects using only tier one equipment and at unheard of prices thus making returns even better for the investors.
Other important considerations to note are that operating and maintenance costs will be much lower on these solar farm projects due to new system designs that utilize more energy efficient inverters, panels, remote diagnostics systems and overall installation practices. ISS has become a world leader for solar farm development and known in the industry as the gold standard for utility scale solar farm projects.