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. …


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