FLS Energy Inc., a closely held U.S. provider of solar services, has begun building plants in North Carolina that will produce enough energy to power more than 5,000 homes.
The utility-scale projects will have capacity to generate 38 megawatts, the Asheville, North Carolina-based company said in a statement yesterday. The company plans to build and own a total of 80 megawatts in the state this year. Duke Energy Corp. (DUK) has agreed to buy electricity from the solar farms under a 15-year contract.
Fifth Third Bancorp (FITB) and Self-Help Credit Union assisted with project financing, according to the statement. Terms weren’t disclosed.
To contact the editors responsible for this story: Reed Landberg at firstname.lastname@example.org Jim Efstathiou Jr.