Along with project development partner California Sunrise, Clear Skies (CSS) has purchased the Cantil property from a private land holder. The 34-acre farm will produce electricity that will be sold under a power purchase agreement (PPA), between CSS and the local utility company.
Under this contract, the electricity produced at the farm will be sold for 20 years to the utility company at approximately $0.12 per kWh escalating at approximately 1% per annum.
Ezra Green, CEO and chairman of CSS, said: Clear Skies Solar’s solar farm in Cantil, California, is just the beginning of several large utility scale projects we are developing and executing around the globe. Through the development of these strategic solar farms, CSS is hoping to alleviate this tension and expand our business to become a world leader in turnkey solar electricity installations.
