FLS Energy Begins Construction on 33 Megawatts of Utility Scale Solar in N.C.

Asheville, North Carolina August 06, 2015

FLS Energy has closed financing and begun construction on 33 megawatts of utility-scale solar farms across seven locations in North Carolina. The solar energy plants will produce approximately 50 million kilowatt hours of electricity per year or enough energy to power over 4600 average U.S. homes.

The portfolio of projects is being constructed as a bundle and will be financed by Key Bank. "We are very pleased to have played a leading role in the financing of FLS Energys solar portfolio," said Andrew Redinger, managing director and head of KeyBanc Capital Markets' Utilities, Power & Renewable Energy Group. "The financing of this type of projects demonstrates our commitment to sustainability and renewable projects with solid fundamentals."

The portfolio of projects is the fourth phase of approximately 250 megawatts of solar energy facilities FLS Energy will be building in 2015. "We are very excited to have a new partner in KeyBanc and look forward to a long and mutually beneficial relationship" said Dale Freudenberger, CEO of FLS Energy. "This portfolio of projects is another example of how the North Carolina solar industry continues to create high paying jobs while making our state the emerging clean tech hub of the eastern U.S."