Owners of solar developer ISS seeking USD 150m to offer company

• US solar project designer Innovative Solar Systems LLC (ISS) revealed today that the business is being marketed at a solid price of USD 150 million (EUR 153m).

A media release says that the existing proprietors of ISS, Richard and also John Green, are marketing all of the equity in the company, consisting of all associated project vehicles. The energetic project pipeline of ISS amounts to 10 GW and also consists of developments in many states with a special focus on Texas.

A lot more especially, it has 1.5 GW of schemes in Texas at or near the ready-to-build stage or with a notification to continue. ISS anticipates to reach this stage with a further 1.5 GW within 12 to 15 months. It approximates that the realisation of the projects in Texas, in particular, would certainly call for some USD 3 billion in investments.