Innovative Solar Systems' CEO John E. Green announced that the company is raising capital as it expands its operations to all U.S. states, and that large oil & gas developers have approached ISS on the possibilities of joint venture type partnerships.
Green of ISS has stated that he has serious reservations about partnerships with oil & gas entrepreneurs, as clean and dirty energies do not seem to be a good fit, in his opinion. ISS is currently negotiating with private investors as well as foreign private office capital to determine the best partnerships.
ISS is currently a leader in the development of Utility Scale Solar Farm projects in the US, with 5GW of projects planned for development over the next 12-24 months, and is experiencing an all-time high in profits. Project costs continue to rapidly decline, driving profit margins upwards on large-scale projects. With the extension of the Federal Investment Tax Credits through 2022, the number of projects to be developed will increase, and so will company profits, states ISS's CEO. Innovative Solar Systems, LLC is still searching for the perfect investor partner and the company continues to expand while hiring new Executive Level Positions within the company.
As of today, Innovative Solar Systems, LLC is developing its large scale solar farm projects in a total of seventeen (17) states and the company hopes to expand into all fifty states by 2017. Some of the Utility Scale Solar Farm projects that ISS has in planning stages are located in the Mid-West and will be among the largest projects built in the United States. ISS already has three largest projects approved and under construction in the Eastern United States and aims to set new records in all the new states the company is developing projects, states Mr. Green. ISS is currently seeking private capital investors and Executives with long-term experience is solar farm development to join the company.