FLS starts on 38 MW of solar projects in North Carolina

Solar energy provider FLS Energy has started building utility-scale solar farms in eight locations across North Carolina that will total 38 megawatts. The solar farms are part of the first phase of a portfolio of solar projects planned for this year that will eventually reach 80 MW.

FLS Energy acquired project funding from its financial partners and is expected to sell the energy generated by the farms to Duke Energy (NYSE:DUK) under a 15-year power purchase agreement.

"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," CEO of FLS Energy Dale Freudenberger said in a statement.

In May, Freudenberger revealed an equity investment from new financial partners, New Energy Capital Cleantech Infrastructure Fund, the Cleantech Alliance Direct Fund, and Novus Energy Partners, in order to support its "aggressive" plans for growth. The company said it expects to have 90 MW of solar projects finished by 2014 and about 150 MW by 2015.

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