All
that lacks is an investor, which the privately held developer says will be
announced in the next month.
The
company currently is in late-stage discussions with potential investors and
plans to begin construction on the project in 2015, confirmed chief executive
John Green in a brief phone call.
The
project, known as Innovative Systems 46, would be one of the largest solar farms on
the East Coast.
Based
in Asheville, N.C., Innovative Solar Systems says it
plans to expand across the United States. Last week, the company disclosed its
intention to go public sometime this year in order to fuel its planned
expansion.
The
developer “currently has hundreds of megawatts of solar farm projects approved
and ready for immediate construction in North Carolina and another gigawatt of
projects in various stages of development” in East Coast, West Coast states and
in the “central United States.”
The
company plans to “raise the needed capital to expand operations in all 50 states
and make solar energy a reality to
every rate-paying customer of electricity across the U.S.”
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