Business Services Industry
Clear Skies Solar Signs Agreement To Install $6.4 Million Solar Energy System
Business Wire, Jan 29, 2008
1 Megawatt Ground-Mounted Project Will Harness Solar Power in Mojave Desert
LOS ANGELES -- Clear Skies Group, a wholly-owned subsidiary of Clear Skies Solar, Inc. (OTCBB:CSKH) today announced it has contracted to install a $6.4 million, 1 Megawatt project in California's Mojave Desert.
A leading developer of solar energy products, Clear Skies Group specializes in turnkey installation of commercial photovoltaic (PV) solar systems and residential systems.
"We welcomed the challenges presented to us by this unique project," said Ezra Green, Chief Executive Officer of Clear Skies Solar (CSS), adding that the ground-mounted system will be built utilizing proprietary technology developed by CSS.
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Jay Sprague, President of California Sunrise, a project developer that has been working with CSS exclusively in the pursuit of both commercial and municipal large-scale projects, noted, "Ezra has brought financially and technologically innovative techniques to this industry, and these allowed this project to become viable. Working with CSS has also opened up a wide range of additional projects that we plan to develop with CSS in the future."
The Mojave project is currently undergoing final engineering and finance. With the land already procured, construction can begin immediately upon final permitting, which is anticipated to occur in the second quarter of 2008. Green expects the project to be completed by the end of the year.
With the increasing interest in solar energy among public and private entities alike, Green concluded, "There is no better place than the desert for maximizing the power of sunlight."
About Clear Skies Group
Clear Skies Solar, Inc. through its wholly owned subsidiary, Clear Skies Group, Inc. ("CSG"), provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSG was incorporated in 2003 and launched formal operations in 2005. During that time period, CSG developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSG has become one of the premier solar electric installation companies in the country. For more information about CSG, visit www.clearskiesgroup.com.
Forward-Looking Statement Disclaimer
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
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