Tuesday, August 12, 2008

Clear Skies Solar Awarded Contract in Larissa, Greece Valued at Approximately US $1 Million

Clear Skies Solar Awarded Contract in Larissa, Greece Valued at Approximately US $1 Million

International Expansion Begins With Initial 150kW Contract

NEW YORK - Clear Skies Solar, Inc. (OTCBB: CSKH), a leading developer and provider of solar power solutions, today announced the awarding of a 150kW solar contract through its newly established partnership in Greece with Larissa-based, Aspen Energy. This project is valued at approximately US $1 million.

“The key in any good clean energy relationship is having local knowledge and combining that with technical expertise and efficiency; that’s exactly the type of partnership Clear Skies and Aspen Energy are bringing to the Greek solar industry,” said Clear Skies Solar Chairman and CEO, Ezra Green. “There’s no question, Greece is one of the most progressive ‘solar-minded’ countries today. Their current environment of available grants and favorable feed-in tariffs, presented a great opportunity for Clear Skies. We fully expect that this 150kW contract will be the first of many great solar energy opportunities in the region.”

This contract covers a 150kW project which will consist of a ground mounted system covering approximately 1-acre and is expected to generate approximately 180,000 kW hours of electricity per year. It will prevent 176,000 pounds of carbon dioxide emissions per year and, with financing pre-arranged, the anticipated start date is early October pending final permitting.

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 domestically and internationally. 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.

Clear Skies Holdings, Inc. is a featured Company on Investorideas.com Green portals.

For full details, click here: http://www.renewableenergystocks.com/CO/CSG/Default.asp

For Clear Skies Solar, Inc.
Media Inquiries:
Laura Finlayson, 201-488-0049
PR Financial Marketing
Investor Relations:
Jim Blackman, 713-256-0369

Source: Clear Skies Solar, Inc.

No comments: