Solar

Clear Skies Signs US $5.7M Deal in Greece

Clear Skies Solar Inc. announced that it has signed a US $5.7 million agreement with Achilles Chondronasios & Co. to develop and construct a 960-kilowatt solar power project in Larissa, Greece. This marks the company’s second signed agreement in Greece within the last three months.

“Due to robust government tax incentives, Greece has emerged as a leading market for solar power, and for Clear Skies Solar as we continue to embark on our aggressive international expansion program,” Ezra Green, Chairman and CEO of Clear Skies Solar.

This contract follows an US $8 million solar energy contract announced in Chitrakoot, Uttar Predesh, India last week, which brought Clear Skies’ India-based project portfolio to a total of US $28 million. Clear Skies Solar said that it is targeting foreign markets where strong governmental support of green technology has created fertile business opportunities.