Innovative Solar Systems receives 15-year purchase power agreement from Duke Energy

17 September 2014 (Last Updated September 17th, 2014 18:30)

US-based Innovative Solar Systems (ISS) has secured a 15-year power purchase agreement (PPA) from Duke Energy for its 48MW Innovative Solar 41 (IS 41) project, North Carolina, US, which is expected to be operational by 2015.

US-based Innovative Solar Systems (ISS) has secured a 15-year power purchase agreement (PPA) from Duke Energy for its 48MW Innovative Solar 41 (IS 41) project, North Carolina, US, which is expected to be operational by 2015.

The IS 41 solar farm project is one of many of ISS' projects that are for sale next year.

"The project is expected to generate enough power for 10,000 US households and will cover a farm area of approximately 300 acres."

The ground breaking for the solar farm, which is located in Bladen County, is scheduled for early 2015.

ISS company spokesman John Green said the company is excited about this project due to its size and the amount of energy being added to the grid in 2015.

The project is expected to generate enough power for 10,000 US households and will cover a farm area of approximately 300 acres.

ISS is accepting bids for the requirement of 200,000 solar PV panels, which will be installed at the farm.

Advanced Energy has already been approved as the inverter manufacturer for the project.

Once operational in 2015, the project is expected to offer several benefits to the region including reduced energy costs, increased tax revenue for the county and a carbon footprint reduction, ISS said.

The project will involve an approximate investment of $100m.

ISS plans to take the company public in 2015.

Green said with around 1GW of projects in North Carolina, the company's expansion is occurring rapidly.

Energy