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Innovative Solar to sell up to 5GW of solar projects

Innovative Solar Systems LLC announced April 2 that a "foreign entity" has agreed to fund and purchase between 1,000 MW and 5,000 MW of the company's utility-scale solar power projects in 2017 and 2018. The terms of the deal were not disclosed.

The developer of large-scale U.S. solar projects previously sold approximately 7,500 MW of its 10,000-MW pipeline of solar projects to foreign investors.

ISS said it will only work with clients willing to purchase projects in blocks of 300 MW or larger, according to an April 2 release.