Sustainable Power Buying Stakes in North Carolina Solar Farms

(Bloomberg) — Sustainable Power Group, a U.S. supplier of
clean electricity, is buying equity stakes in 16 ground-mounted
solar farms in North Carolina.

FLS Energy Inc., a solar provider based in Asheville, North
Carolina, is selling interests in about 63 megawatts of
capacity, according to a statement Wednesday from Salt Lake
City-based Sustainable Power. Terms weren’t disclosed.

The solar farms went into operation in 2013 and 2014 and
sell power to Duke Energy Corp. under 15-year contracts.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade, Steven Frank

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