Zentric Inc. signed an agreement to purchase Innovative Solar I LLC and Innovative Solar II LLC. Each company is the owner and developer of 800 kW, $4 million solar power plants in North Carolina.
The purchase of each LLC includes associated land lease, power purchase agreement, engineering performed to date, and interconnection agreement, which are in the name of Innovative Solar I LLC and Innovative Solar II LLC, respectively. In addition, both companies will serve as EPC contractor and be responsible for erecting and building to completion each project.
Each 800 kW solar farm will be situated on 5 acres of leased land and will contain approximately 3,500 solar photovoltaic panels.
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