C-T: Local solar company FLS Energy gets big investor boost

From the Asheville Citizen-Times

“Asheville solar firm gets $30M investment,” by Dale Neal

FLS Energy, the homegrown solar power company ranked as one of the nation’s fastest growing firms, looks to add jobs locally while spreading nationwide with a $30 million infusion by a group of private investors.

FLS Energy will close this week on a deal reached after nine months of negotiation with Capricorn Investment Group, New Energy Capital, Novus Energy Partners and Vision Ridge Partners.

The partners will initially invest $18 million, allowing FLS to build more solar photo voltaic farms, buy existing solar projects and acquire other businesses in the field. The second round of funding will be available next year. …

SHARE

Before you comment

The comments section is here to provide a platform for civil dialogue on the issues we face together as a local community. Xpress is committed to offering this platform for all voices, but when the tone of the discussion gets nasty or strays off topic, we believe many people choose not to participate. Xpress editors are determined to moderate comments to ensure a constructive interchange is maintained. All comments judged not to be in keeping with the spirit of civil discourse will be removed and repeat violators will be banned. See here for our terms of service. Thank you for being part of this effort to promote respectful discussion.

Leave a Reply

To leave a reply you may Login with your Mountain Xpress account, connect socially or enter your name and e-mail. Your e-mail address will not be published. All fields are required.