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11.06.2008
Clear Skies Solar to develop $44 Million Solar Farm in Cantil, California


Clear Skies Solar to develop $44 Million Solar Farm in Cantil, California

34 Acres of Purchased Land Will House 8MW Solar Photovoltaic Farm

NEW YORK, Jun 10, 2008 - Clear Skies Solar, Inc. (OTCBB:CSKH), a leading provider of turnkey solar electricity installations and renewable energy solutions, announced today the purchase of 34 acres of land in Cantil, California -- the future site of a $44 million 8MW solar farm. Clear Skies Solar is slated to close on the land contract on June 14, taking full title of the property at that time.

Along with project development partner California Sunrise, Clear Skies Solar purchased the Cantil property from a private land holder. The 34-acre farm will produce electricity that will be sold under a legal contract known as a Power Purchase Agreement (PPA), between Clear Skies Solar and the local utility company. Under this contract, the electricity produced at the farm will be sold for 20 years to the utility company at approximately $0.12 per kWh escalating at approximately 1% per annum.

"Clear Skies Solar's solar farm in Cantil, California is just the beginning of several large utility scale projects we're developing and executing around the globe," said Ezra Green, Chief Executive Officer and Chairman of Clear Skies Solar. He continues, "It's become quite clear, particularly in recent months with the price of crude oil reaching record-breaking prices, that our world is looking towards renewable energy as a solution to this global fuel crisis. Through the development of these strategic solar farms, Clear Skies Solar is hoping to alleviate this tension and expand our business to become a world leader in turnkey solar electricity installations."

Clear Skies Solar will manage the Cantil, California property for the next 20 years and expects to see recurring revenue from this management arrangement. The environmental impact study has been completed and has found no evidence of protected desert wildlife which is the main environmental issue that has the potential to hinder a deal such as this. The attractive aspect of this property is its proximity to the utility substation. Although there are many undeveloped desert areas in California that initially look ideally suited for a solar farm, there are few locations close enough to a utility substation to make the economics of a solar farm project feasible. In this regard, the Cantil property is truly unique.

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 http://www.clearskiesgroup.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.

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