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Mineola NY (SPX) May 12, 2011 Clear Skies Solar has announced it has signed a contract with a New Jersey car dealership and the approved funding will be using our Power Purchase Agreement program, or PPA. The PPA allows a customer to pay a discounted price for electricity without expending any cash or accruing debt on the books. A third party or financer would own and operate the system while receiving the benefits generated by the renewable energy system. Those advantages are tax credits, Renewable Energy Credits (REC's) accelerated depreciation as well as in some areas, feed-in tariffs. CSS has expanded their target market into the high-volume arena which has proven to be very successful. We started 2011 with a new focus and altered our internal structure to help meet our new goals. The focus on smaller projects has brought our 2011 sales to approximately $6 million to date and we expect this growth to continue in the future. From contract signature to execution, these projects take anywhere from 2-5 months to develop depending on the complexities of the engineering and interconnection requirements. The pipeline of sales we have generated starting in January 2011 are now being permitted and installations are expected to begin with the first shipment of modules being delivered in 10-14 days. CSS has quickly and successfully changed the direction of the company. We look forward to the continued delivery of good news and growing revenue for the future.
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Clean Energy Pathways Develops Unique Roof Mount for Solar Energy RetrofitDothan AL (SPX) May 12, 2011 Clean Energy Pathways has completed a large solar retrofit and energy efficiency project at the IMAX Fitness Center in Columbus, Georgia, utilizing a unique mounting process. The retrofit consisted of three roof-mounted solar collector systems that produce hot water for the 30,000-sq-ft fitness center. "Our retrofitting division, which is responsible for developing customized applications, ... read more |
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