NEWS

WIRES

OTHER

Clear Skies Solar Announces Strategic Project Finance Partnership with ZebaSolar

NEW YORK, March 18 /PRNewswire-FirstCall/ -- Clear Skies Solar, Inc. (OTC Bulletin Board: CSKH), a leading provider of turnkey solar electricity installations and renewable energy solutions, today announced the signing of a Memorandum of Agreement (MOA) with ZebaSolar. With this partnership, Clear Skies Solar (CSS) will achieve a major milestone of financing its pipeline of multi-megawatt solar installations globally.

"This MOA grants ZebaSolar the right of first refusal to finance and own any of the more than 40 Megawatts currently in Clear Skies' project pipeline - with an approximate value of $170 million for a period of twelve months," stated Clear Skies Solar CEO, Ezra Green. "Project financing availability is critical to our business. The global financial crisis has had a major impact on our business, and this relationship is a key component in Clear Skies' continued growth," added Green. "For Clear Skies, this partnership is an important step in solidifying its pipeline and breaking ground on many of its contracted projects."

Clear Skies continues to move forward developing its multi-megawatt project pipeline inGreece,India andthe United States.

"As the world moves toward the clean power solution that solar energy technologies offer, we believe that we are strategically positioned to benefit greatly as the global economy recovers," said Green.

ZebaSolar President and Executive Director Shahal Khan - who has been invited to speak at the CleanTech Equity 2009 conference inMonaco - looks forward to the partnership as a growth opportunity for both cutting-edge companies.

"Our business strategy is to build a strong portfolio of solar power generation projects with a focus on the U.S.,Southern Europe andIndia, and this partnership with Clear Skies Solar is an integral step toward fully realizing our business strategy. The experience, capabilities and shovel-ready projects that Clear Skies brings to this relationship will allow us to continue to expand our project pipeline with the confidence that the design and building of these projects will occur flawlessly," said Khan.

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 ZebaSolar, www.zebasolar.com

ZebaSolar is a world leader and developer of solar energy power projects inIndia and inEurope. ZebaSolar management are veterans in the industry with many firsts in Solar including financing of over 100MW of solar power plants inEurope, first in the development of thin film technology and over 20 patents in solar and solar technology in CPV, Thin Film and Photovoltaic. Through its' integrated business model. ZebaSolar has developed and launched over $1Billion in solar projects to date.

Forward-Looking Statement Disclaimer

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.

SOURCE Clear Skies Solar, Inc.