From press release:
ASHEVILLE, N.C., June 18, 2014 (GLOBE NEWSWIRE) — FLS Energy has
closed financing and begun construction on 38 megawatts of
utility-scale solar farms across eight locations in North Carolina. The
solar energy plants will produce approximately 56 million kilowatt
hours of electricity per year or enough energy to power over 5000
average U.S. homes.
The portfolio of projects is being financed as a bundle and will be the
first phase of an expected 80 megawatts to be constructed and owned by
FLS Energy in 2014. Duke Energy will purchase the electricity generated
by the solar energy systems through 15 year power purchase agreements.
“We are excited about bringing 38 MWs of solar energy projects online
at one time, and making such progress in our mission of making solar
mainstream,” said Dale Freudenberger, CEO of FLS Energy. “This type of
scale, unheard of just a few short years ago, would not be possible
without the support and dedication of our team at FLS Energy as well as
our amazing financial partners, Fifth Third Bank and Self Help Credit
Union.”
About FLS Energy
FLS Energy is a full service solar energy provider that owns and
operates a portfolio of solar energy assets throughout the U.S. Our
development team takes a project from conception to commissioning and
offers complete in-house system design, engineering, construction,
financing and turnkey project development. FLS Energy’s mission is to
make solar mainstream. We are committed to building a scalable and
sustainable business model that values the contributions of each of our
employees while remaining good stewards of the world in which we live.
For more information on FLS Energy, please visit www.flsenergy.com
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