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Solar Stocks News - Clear Skies Solar Partners with Cavallo Energy to Develop $10 Million+ Solar PV Installation
Development to Begin in Q4 2009 on 34 Acres Owned by Clear Skies Solar
MINEOLA, N.Y. and LOS ANGELES - August 26, 2009 - Clear Skies Solar, Inc. (OTCBB:CSKH), a leading provider of turnkey solar electricity installations and renewable energy solutions, today announced the much-anticipated development of their 34-acre property in the Cantil section of California's Mojave desert. The project will be a minimum of 6 MW, $20 million, solar PV facility with engineering to begin on the first 3 MWs in the fourth quarter of 2009, and development of the second stage of the project to begin by the second quarter of 2010. The maximum size of the project will be dependent on capacity of the onsite substation and existing transmission line capacity.
Cavallo Energy (Cavallo), a national, large-scale energy management and finance procurement company with an excellent reputation in its respective field, has partnered with Clear Skies Solar (CSS) providing their expertise in high voltage utility scale power generation, required for this project.
The synergy between these two companies is expected to fuel further expansion into the commercial sectors. CSS will be the lead contractor and Cavallo will lead engineering and development of the project.
Phil Gennarelli, CEO of Cavallo Energy says, "It has been a pleasure dealing with Ezra Green and the entire Clear Skies Solar team. They have shown the ability and foresight to bring viable projects to the table and I look forward to expanding solar market possibilities with them. Their past performance, innovative techniques and knowledge of solar construction makes them a perfect partner for us moving forward." Mr. Gennarelli further stated, "With this announcement, Cavallo Energy is pleased to also announce the addition of Mr. Freddy Sanches as Cavallo's Chief Development Officer.
Mr. Sanches will manage the development of the Cantil Project as well as lead the expansion of Cavallo's new solar development subsidiary, Cavallo Solare LLC, in the U.S. and international markets." Mr. Sanches, formerly the Vice President, Business Development, with Sithe Global, brought Clear Skies and Cavallo Energy principles together to form this new partnership.
"We initiated our partnership with Cavallo on this project four months ago, and have now completed the internal feasibility study finding the project to be profitable due to strong market conditions," stated Ezra Green CEO of Clear Skies Solar. "Strong partnering such as this will allow CSS to keep moving forward on several large-scale projects that were awaiting development and will enable us to resume the business model laid out by CSS prior to the credit market crash. We are looking forward to developing a long relationship with Cavallo Energy for our backlog of large scale projects."
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 Cavallo Energy
Cavallo Energy is a privately-held, Houston-based energy development and asset management company which develops and manages natural gas and solar power generation plants and electric transmission lines. Additionally, Cavallo actively explores, stores and distributes natural gas and oil.
Through its affiliated subsidiaries, Cavallo Power LP, Cavallo Solare LLC, and Nutech Resources LLC, Cavallo works with local communities to build safe and environmentally responsive infrastructure. For more information visit www.cavalloenergy.com.
Cavallo Energy is a founding organization and steering committee member of the Coalition for the Green Bank, a consortium of leaders in energy development enterprises including renewable resource developers, original equipment manufacturers, investors, financial advisors and consultants dedicated to the stimulus of green energy assets for clean and sustainable energy and jobs, and economic development (www.coalitionforthegreenbank.com).
SOURCE Clear Skies Solar, Inc.
Contacts:
Tom Oliveri
+1-516-282-7652
tom@clearskiessolar.com
Disclaimer: The material herein is for informational purposes only and is intended to and does not constitute the rendering of investment advice or the solicitation of an offer to buy securities. For disclosure purposes, PJK & Associates Inc. is compensated by Clear Skies Solar Inc.
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