Clear Skies Group Partners With SGFP On Solar Living Project

NEW YORK--(BUSINESS WIRE)--Clear Skies Group, a wholly-owned subsidiary of Clear Skies Solar, Inc. (OTCBB:CSKH), today announced a partnership with SGFP 2 LLC, a SmartGrowth Opportunity Fund, LLC company ("SGFP"), to provide solar power to the real estate investment fund’s active-living community project in DeKalb County, Georgia, located outside of Atlanta.

Under the $6,500,000 agreement, Clear Skies will provide a 900kW solar power generation facility, which is expected to save community residents approximately 80% on their anticipated utility costs.

Contingent on obtaining financing, the project is in the final stages of permitting. Construction, anticipated to commence in early 2009, will consist of two phases. The first phase will include construction of a 330kW installation with the capacity to serve 55 ranch-style town homes. Phase Two will incorporate another 570kW to serve an additional 95 town homes.

“CSG is proud to work with forward-thinking home developers like SGFP to bring the benefits of solar energy to homeowners who are concerned about rising energy costs and a cleaner environment,” said Ezra Green, Chairman and CEO of Clear Skies Solar. “We recognize that solar energy will play an integral role in the future of the global energy market and applaud companies like SGFP that are helping us to make great strides in bringing solar to the masses in the form of sustainable and eco-friendly communities. Like SGFP, CSG is committed to the concept of ‘smart growth’ and to achieving the highest-quality living experience for its residents.”