MINEOLA, N.Y., July 13, 2010 (GLOBE NEWSWIRE) -- Clear Skies Solar, Inc. (CSS) (OTCBB:CSKH), a full-service renewable energy provider to commercial, industrial, and agricultural clients today announces that New Jersey commercial developer, GS Investor, has agreed to work with CSS in the New Jersey solar market. This agreement will represent 10 megawatts of solar energy projects delivered by GS Investor in conjunction with Clear Skies' efforts over the next 12 months. Although the value of this agreement can fluctuate greatly depending on project specifics, panel costs and varying tax structures, the value to Clear Skies could easily exceed $20 million.
"This is a significant event for our Company," commented Ezra Green, CEO of Clear Skies Solar. "We have been working on this project with GSI over the past year in order to construct a sustainable relationship that brings value to both our investors and CSS, while offering the client one of the most unique Power Purchase Agreements on the market today."
Mr. Green continued, "After installing several high quality projects on time and ahead of budget, we are pleased that GSI will move forward to build a lasting relationship with CSS. We plan on breaking ground over the next few weeks on several projects totaling 1.5 Megawatts and we are working diligently on closing numerous other solar projects. We are clearly moving forward into this market as planned and we remain confident in achieving success this year."
Gregg Wasser, CEO of GS Investor, commented on this continuing partnership, "The staff and management team at Clear Skies are a pleasure to work with and are very knowledgeable. We are pleased to join with them to expand the use of solar power in the State of New Jersey."
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.
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