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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About Margaret Williams
Editor Margaret Williams first wrote for Xpress in 1994. An Alabama native, she has lived in Western North Carolina since 1987 and completed her Masters of Liberal Arts & Sciences from UNC-Asheville in 2016. Follow me @mvwilliams

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