Clear Skies Solar Completes 340 kW Project -- Initiates New Project to Allow Attainment of 1 MW Milestone
August 25 2010 - 6:00AM
Clear Skies Solar, Inc. (CSS) (OTCBB:CSKH), today announced the
final stages of a 340 kW project in Teterboro, New Jersey and the
initiation of a new 270 kW project, the combination of which will
propel the Company past the first Megawatt milestone.
The construction recently completed, consists of 1482 Schott 230
modules with a rooftop mounted ballasted system and it is expected
to produce approximately 390,000 kWh of electricity per year. The
Schott modules were selected to maximize the output based on the
chosen roof configuration. At present, installation has been
completed, with the only remaining work now consisting of final
wiring to the inverter and final inspection and sign-offs. The
financial structure of this project is based on a 20 year power
purchase agreement, which does not require any cash investment from
the client.
"We are very proud of our recent Teterboro, New Jersey
installation and are happy to add this accomplishment to our
growing portfolio of high quality, high production projects,"
commented Ezra Green, CEO of Clear Skies Solar. "All of us at
Clear Skies are pleased with the way our business model is
developing this year. We have already completed almost 800 kW
of installations and this additional 270 kW allows us to surpass 1
MW of installations," continued Mr. Green. "We currently have
over 20 MW of proposals outstanding and we are effectively reducing
the processing as well as the installation times. We remain excited
to be part of the solar business and look forward to continued
successes."
About Clear Skies Solar, Inc.
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 in the renewable energy sector. CSS has become one
of the premier solar electric installation companies in the
country. For more information about CSS please visit
http://www.clearskiessolar.com.
The Clear Skies Solar, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7498
CONTACT: Clear Skies Solar, Inc.
Investor Relations Department
1-877-309-CSKH (2754)
IR@ClearSkiesSolar.com