Clear Skies Solar, Inc., has signed a $5.7 million deal with Achilles Chondronasios & Co., to design and construct a 960KW solar power project in Melia, Larissa, Greece. This is Clear Skies’ second signed agreement with a Greek company within the past 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,” commented Ezra Green, Chairman and CEO of Clear Skies Solar. “Their current environment of available grants and favorable feed-in tariffs presents a great opportunity for the company, and we fully expect to see an increase in projects within the region.”
Clear Skies Solar is seriously targeting foreign markets where there is strong governmental support of green technology, which in turn has created fertile business opportunities.
“We realized in early 2008 that the international markets were the key to our continued success and have focused our efforts on overseas growth in Europe and Asia,” continued Green.
The contract with Achilles follows last week’s announcement of an $8 million solar energy contract in Chitrakoot, Uttar Predesh, India, which brought Clear Skies’ India-based project portfolio to a total of $28 million.