US solar developer with 12GW pipeline puts itself up for sale

Facebook
Twitter
LinkedIn
Reddit
Email
Innovative Solar Systems’ pipeline consists of around 250 early-stage projects in more than 20 US states. Image: Innovative Solar Systems.

Innovative Solar Systems (ISS), a utility-scale solar developer with a 12GW pipeline, has put itself up for sale as it seeks partners to support the company in its development of ever larger PV projects across the US.

North Carolina-based ISS is offering part or an entire equity sale of the company, and has already carried out discussions with potential suitors in the US and abroad.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Founded in 2011, ISS’s solar development portfolio has expanded in recent years with higher capacity projects that require hundreds of millions of dollars to be built, according to ISS CEO and co-founder John Green, who owns a 50% stake in the company, with the other 50% held by his brother.

“The amount of projects that we do require a lot of capital,” Green told PV Tech. “It just makes good sense to bring in a large entity to now either own in part or whole our company so that it can continue to thrive and flourish.”

ISS’s pipeline consists of around 250 early-stage projects in more than 20 US states, and earlier this month it offered for sale two plants in Texas with a combined capacity of 425MWac that are both expected to be shovel-ready in the coming months.

The company said it has the ability to continuously add an additional 2 – 6GW of new projects to its existing pipeline per year.

ISS is in discussions with foreign companies looking to break into the US solar sector that would potentially buy part or all of the company, while keeping its current team, according to Green.

It is also talking with new entrants to the renewables industry. “We have quite a few clients that we’re talking with about this M&A offering that aren’t in the space yet, but want to be in the space because they understand there are huge profits to be made in this and they have billions of dollars they can deploy,” Green said.

Recent acquisitions of US utility-scale solar developers include Savion being bought by Royal Dutch Shell last month, while funds managed private equity firm Antin Infrastructure Partners acquired a majority stake in Origis Energy in October.

M&A deals in the global solar sector soared last year to 126 transactions in 2021 – the highest number of deals ever recorded, according to research published earlier this week by consultancy Mercom Capital Group.

Read Next

September 15, 2025
Italy’s latest renewable energy tender has received 12GW of bids, of which the majority, 10GW, came from solar PV.
September 11, 2025
The EBRD has launched a new programme to improve access to green financing and support energy investments such as renewable power projects.
September 9, 2025
The US is forecast to reach between US$55-60 billion in clean energy tax credit monetisation in 2025, according to a report from clean energy financing technology platform Crux.
September 9, 2025
US solar tracker manufacturer Nextracker has acquired Origami Solar, a steel frame technology-focused company, for approximately US$53 million. 
September 9, 2025
Australia's National Electricity Market (NEM) broke records yesterday when renewables supplied 76.4% of total electricity demand, with solar power contributing nearly 60% of the record-breaking clean energy mix.
September 8, 2025
France has awarded 971MW of ground-mount solar capacity, to 165 projects, in the eighth round of the PPE2 PV tender.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines