FLS Energy on Aug. 20 filed with the North Carolina Utilities Commission an application for a Certificate of Public Convenience and Necessity on the 45.5-MW (ac) Ruff Solar LLC project in Rutherford County, N.C.
FLS is a solar energy developer, installer, and owner-operator headquartered in Asheville, N.C. With 109 MW of constructed photovoltaic energy assets in its portfolio, FLS is one of North Carolina’s largest solar developers and pioneered the application of the solar thermal purchase agreement in North Carolina, the application said. A full-service company with over 50 employees, FLS has in-house construction, engineering, and maintenance capabilities, as well as dedicated finance, accounting and legal teams.
FLS said it has has extensive relationships with several large federal and state tax equity investors – including US Bank, Bank of America, Nationwide Insurance, Dudley Ventures, Stonehenge Capital and others – and plans to utilize this network of investors to finance the Ruff Solar project. Currently, FLS said it has commitments from federal and state tax equity investors, as well as construction and permanent lenders, for project financing dedicated to the construction of a 105-MW portfolio of projects currently under construction.
The project site address is 1446 Ellenboro Henrietta Road, Forest City, N.C. This photovoltaic facility will be interconnecting to the transmission grid of Duke Energy and selling electricity via a Power Purchase Agreement to Duke Energy Carolinas in accordance with the Qualifying Facilities Tariff, the application noted. The facility will produce 83,487,328 kilowatt hours in year one with an industry standard 0.5% annual degradation factor throughout the life of the project.
Project contact information is: FLS Energy, 130 Roberts Street, Asheville, NC 28801, Tel: 828-350-3993, www.flsenergy.com.