Clear Skies Solar, Inc.(fka CSKH)

[up-down]

guess they didn't need it on these new jobs

"...These projects are cash deals to CSS being financed by the clients themselves. Realizing the financial benefits of investing in solar, the clients decided to fund these projects internally and gain the benefits that come along with owning solar energy systems in New Jersey..."

"...CSKH) today announced the formation of a new wholly owned subsidiary, called Clear Skies Financial Inc., to fund the Power Purchase Agreement or PPA of smaller high volume projects the Company has pending in its pipeline of business..." 2/17/2011

"...Our investors have delivered LOIs that represent the funding of the CSS Power Purchase Agreement (PPA). These 5 agreements total 457.50 kws of commercial projects brought in under our new-expansion program. These projects represent approximately $2 million which is in addition to what we have announced in the last several weeks," said Ezra Green, CEO of Clear Skies Solar..." 2/23/2011

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if you are new to the industry it might be hard wrap your head around how Solar Power deals are structured. One of the common ways commercial, and increasingly residential customers, buy solar power or other renewable power is through something called a Power Purchase Agreement (referred commonly as a PPA). That is to say, they buy the power generated by the solar panels, but they don’t necessarily own the solar panels on their roofs.

http://blog.cleantechies.com/2008/06/06/explaining-ppa-financing/

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A Power Purchase Agreement (PPA) is a legal contract between an electricity generator (provider) and a power purchaser (buyer). Contractual terms may last anywhere between 15 and 20 years, and during this time the power purchaser buys energy, and sometimes also capacity and/or ancillary services, from the electricity generator. Such agreements play a key role in the financing of independently owned (i.e. not owned by a utility) electricity generating assets. The seller under the PPA is typically an independent power producer, or "IPP." Energy sales by regulated utilities are typically highly regulated by local or state government, so that no PPA is required or appropriate. Commercial PPA providers can enable businesses, schools, governments, and utilities to benefit from predictable, renewable energy.

http://en.wikipedia.org/wiki/Power_Purchase_Agreement