Innovative Solar Systems inks 720 MW of new PPAs in Midwest
Innovative Solar Systems says it was awarded a total of 720 MW of new Purchase Power Agreements (PPAs) from “large credit worthy Power Off-Takers in the Mid-West.”
The company’s CEO states that receiving these 25-year contracts from these mystery off-takers will enable ISS to more quickly sell and fund these new projects that range in size from 20 MW to 80 MW. All of the current sites are flat, and cleared which will make the sites easier and faster to construct thus maximizing investor returns on these portfolios.
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ISS currently has negotiated contracts with some of the largest EPC’s in the world and says it is building Turn-Key Solar Farms for $1/watt all-in, which includes single-axis trackers and tier one panels and inverters. To further warranty and guarantee projects, the EPC’s that ISS contracts with can supply insurance wrap policies to guarantee production of the sites and projects.
ISS has an expansive portfolio of projects for 2017 and currently has almost two hundred (200) projects in various stages of development for a total of almost 10 GWs of generation.
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