Innovative Solar Systems is once again liquidating bundles of the company's extensive pipeline of Solar Farms. The current portfolio of Utility Scale Solar Farm projects being sold off range in size from 20MW to 100MW and the total size of the portfolio is approximately 800 Megawatts. These projects will be attractive to Investors for the following reasons, a) flat, easy build, easy to maintain project sites, b) high project returns due to 15 to 25 year Purchase Power Agreements on these projects, c) low ALL-IN EPC costs which are approximately $1/watt for Tier One Equipment complete w/ single axis trackers, d) low O&M long term contracts already in place, and e) low EPC finance charge if projects are delivered to the investors at COD versus NTP.
Innovative Solar Systems is currently ranked as the Number One developer of Utility Scale Solar Farm projects in the United States due to the company's current 200 plus projects which total over 10 GW's and encompass approximately 24 key states and markets. ISS has been instrumental in being a feeder developer of low risk, high return projects for Hedge Funds, Pension Funds, Renewable Energy Funds and Family Office Money both in the US and abroad.
The CEO of ISS speculates that his company has been the single reason that many newly formed Renewable Energy Companies have either been able to achieve successful IPO status or are being bought for unheard of Valuations in the market. The appetite for these individual $50MM-$200MM high return Solar Farms is insatiable these days and ISS is the only company in the US with this kind of self-sustaining pipeline of projects in its arsenal. A recent client of ISS's has just announced that they are being bought out for somewhere north of $1 Billion US Dollars, without them having purchased almost twenty (20) of ISS's past large scale projects this monumental type sale would have probably never have occurred.
Source: Innovative Solar Systems
Date: Jan 1, 2017