Science & Technology
Science and Technology
Science and Technology
Tue, February 10, 2009 Clear Skies Solar Announces $8 Million Solar Farm Project in Badger, CA
NEW YORK & BEVERLY HILLS, Calif.--([ BUSINESS WIRE ])--Clear Skies Solar, Inc. (OTCBB: [ CSKH ]), a leading provider of turnkey solar electricity installations and renewable energy solutions, has signed a Memorandum of Agreement with Badger Creek Development L.L.C. of Beverly Hills, CA for the design and construction of a 2.1 MW Solar Farm to be located in Badger, CA.
The project, which is expected to exceed $8 million, is now in the initial design and engineering stages and will be structured as a utility Power Purchase Agreement. Clear Skies will be working with Frontier Renewables LLC, a German-American solar park developer and EPC provider for the engineering, procurement and construction of the project.
"This partnership with Frontier Renewables will enable Clear Skies Solar to expand into larger markets and continue to grow our business both in the United States and abroad," said Clear Skies Solar Chairman and CEO Ezra Green.
The solar park will be built on an existing 30-acre Brownfield that once served as an airplane landing strip. This perfectly-situated property has a substation that is capable of absorbing the additional 2.1 MW of electrical capacity. The location of the project provides a great opportunity for a Solar Farm because of its high radiation levels and limited air pollution.
"This announcement comes on the heels of Clear Skies Solar's recent statement about the advancement of another planned solar farm, also in California," added Green. "With both President Obama and California Governor Schwarzenegger promoting measures to expand the use of solar energy as a means of weaning off of fossil fuels, along with the declining prices of solar modules, we expect that investment in solar projects will become more attractive now than ever before."
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 ].
About Frontier Renewables LLC
Frontier Renewables LLC is a Beverly Hills, CA-based developer of utility-scale renewable energy plants. The company builds installations for the purpose of selling electricity to utilities, municipalities and corporations in California and worldwide. Frontier also provides turnkey renewable energy solutions and engineering, procurement and construction (EPC) services for industrial and corporate clients. Frontier combines expertise in architecture, engineering, design, construction and planning to ensure the power plants it builds fit seamlessly into their environments and become landmarks in the community. The company has offices in Beverly Hills, Badger, California and Wolfsburg, Germany.
About Badger Creek Development LLC
Badger Creek Development LLC is the owner, developer and operator of 377 acres of land in Badger, California. The company's goal is to create a 21st century green community that will include 170 LEED-certified homes and commercial and office buildings. The community's aim is to be completely self sustainable.
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.
