updated 10/19/2010 6:16:25 AM ET 2010-10-19T10:16:25

MINEOLA, N.Y., Oct. 19, 2010 (GLOBE NEWSWIRE) -- Clear Skies Solar, Inc. (CSS) (OTCBB:CSKH), a full-service renewable energy provider to commercial, industrial and agricultural clients, today announced that it has undertaken several significant renewable energy installations in New Jersey, along with additional projects in California that are in finance mode. CSS anticipates that these, along with other projects in various stages of closure, will propel the Company past the 4-5 megawatt threshold for 2010 and spill over into 1st Q 2011.

This follows closely after the successful completion of several other solar energy projects previously discussed. We have completed 5 projects to date in 2010 totaling over 1.5 megawatts and expect our work in progress and pipeline to spill over to a very healthy first quarter in 2011. With the completion of the most recent installations, CSS expects to surpass the 4-5 megawatt threshold for solar energy installed this year. While waiting for several additional projects currently finalizing financing, we are completing the design and development work on several that already have the finance package in place.  

"All of us at Clear Skies are pleased with the way our business model is developing this year," said Ezra Green, CEO of Clear Skies Solar. "Our business pipeline for 2010 has been very strong and we are projecting even better business in the coming year. There are many positive industry factors contributing to this growing pipeline, including strong government incentives, attractive component pricing and the increased availability of financing for such projects."

Continuing, Green said: "We currently have multiple MW of proposals outstanding and we are effectively reducing the processing as well as the installation times. We remain very well positioned in the solar industry and look forward to continued successes." Green added, "We are moving forward with our plans for expansion and for delivering to our shareholders fully financed projects and strong revenue growth."

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

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
13.79%
Cash Back Cards 17.80%
17.78%
Rewards Cards 17.18%
17.17%
Source: Bankrate.com