Innovative Solar Systems LLC (ISS), a developer of utility scale solar farm projects in the United States, has announced it will seek a financial partner to raise the funds necessary to expand operations. ISS CEO, John Green states “ISS requires a sizable capital infusion to support the growth of the business.” Since its inception four years ago, ISS has developed approximately 2 GW of projects and has plans to expand to 5 GW by 2018. This new capital will take ISS to the next level, thus allowing projects in the development phase to rapidly advance through to NTP or COD stages.
The solar industry has grown exponentially over the past few years and with the assistance of investment bankers, ISS plans to expand and develop projects in up to 12 states. There are only a few solar farm companies in the U.S. with the number of projects that ISS has in the company pipeline. By partnering with an investor, ISS will have the resources to fully develop an additional 3 GW of projects within the next 12-24 months. There is great potential with this investment as ISS aims to offer investors the ability to gain full access to ISS projects and to provide an attractive return rate over the period of their investment.