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Company bags $8M solar power project in India

Posted: 23 Oct 2008     Print Version  Bookmark and Share

Keywords:solar power project  multi-megawatt  international expansion  energy sources 

Clear Skies Solar Inc. has reached an Rs.34.41 crore ($8 million) agreement with Prayag Green Solar Power Private Ltd to develop and construct a 2MW solar power project in Chitrakoot, Uttar Pradesh, India.

The agreement has opened a pathway for the company to execute other contracts in the region, including a previously announced Rs.86.02 crore ($20 million) project to design and construct a multi-megawatt solar power system in Uttar Pradesh.

"To ensure our continued growth, we developed an aggressive international expansion plan earlier this year that was designed to take advantage of markets with a solid feed-in tariff structure in order to obtain support for renewable energy from governments in both Europe and Asia," said Ezra Green, chairman and CEO of Clear Skies Solar. "This strategy is already paying off; in addition to closing agreements for two projects in India, Clear Skies Solar has also recently announced a contract to design and construct a 150kW solar project in Greece—and this is just the first of several projects to be announced in the coming weeks."

Recognising the role that solar power will play in the global search for cleaner and more abundant energy sources, Clear Skies Solar has built the infrastructure necessary to support this type of international expansion and to develop large-scale projects at an accelerated pace in order to support global power needs.

Clear Skies Solar Skies will provide the technology, engineering and construction services needed to create the photovoltaic project and will also provide the operation and maintenance services needed.

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