Thursday, August 26, 2010

Clear Skies Solar completes 340 KW project

MINEOLA, USA: Clear Skies Solar Inc. (CSS) 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 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."

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