Business Services Industry
Clear Skies Solar Opens International Office in Larissa, Greece
Business Wire, July 15, 2008
Company Continues International Expansion Through Exclusive Partnership with Aspen Energy
NEW YORK & LARISSA, Greece -- Clear Skies Solar, Inc. (OTCBB:CSKH), a leading developer and provider of solar power solutions, today announced the establishment of a corporate office in the city of Larissa, in Central Greece. Partnering with Larissa-based Aspen Energy, whose focus is the procurement of solar energy business opportunities throughout Greece, Clear Skies Solar (CSS) will serve as Aspen's exclusive supplier of renewable energy technology and installation.
"We are extremely enthusiastic about entering a country that represents one of the fastest-growing markets for solar energy," said Clear Skies Solar Chairman and CEO Ezra Green. "In teaming up with Aspen Energy, a locally based company, and combining our industry expertise with Aspen's extensive knowledge of the country's unique and rapidly expanding renewable energy needs, we are certain of our ability to anticipate and meet the growing demand."
Due to government tax incentives, Greece has emerged as a leading market for solar power. In 2006, the country's Parliament passed comprehensive Renewable Energy Sources legislation, part of which provides grants and favorable tax treatment as incentives for implementing solar energy solutions. For commercial entities, incentives in the form of grants can run as high as 50 percent of the total cost of a company's solar system.
Furthermore, high levels of environmental awareness among Greece's populace are a driving demand for renewable energy sources.
For its new office, which will be led by Aspen Energy Managing Director Evaggelos Tsoupakis, Clear Skies Solar will hire a staff of local individuals, with US-based personnel overseeing the location's operational setup.
"This partnership will exponentially enhance our companies' joint ability to capitalize on Greece's burgeoning solar market," Tsoupakis stated. "Given the strategic location of the new office, I am confident we will be able to proactively identify, pursue and secure a variety of significant business opportunities and this process has already begun with proposals submitted for a number of near-term commercial projects being evaluated."
"Clear Skies Solar's expansion and collaboration with Aspen Energy is simply a win-win for everyone involved," Green added, "We look forward to many, many years of productive and profitable partnership."
Going beyond its base in the United States, Clear Skies Solar's Larissa office marks the company's second expansion into the international arena. In April, CSS announced a $20 million letter of intent to develop and build a multi-megawatt solar energy system in Uttar Pradesh, India, that will power a steel mill and support the community's energy grid system. For this project, CSS will provide technology, engineering and construction services. Additionally, the company will be available to support the system's operational and maintenance needs.
About Clear Skies Solar
Clear Skies Solar, Inc. (CSS) through its wholly owned subsidiary, provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS 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. CSS has become one of the premier solar electric installation companies in the country. For more information about CSS, visit www.ClearSkiesSolar.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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