Clean Energy and Power Inc. has completed registration of its subsidiary, Clean Energy and Power s.r.o., in the Czech Republic.
By establishing this subsidiary, the company can now move forward with acquiring power purchase agreements that have been issued in the Czech Republic for solar projects that remain undeveloped due to lack of funding. With rates of $0.63/kWh guaranteed for 20 years by the Czech Republic and the European Union, these opportunities provide higher revenue than found in many other locations, the company says.
Simultaneously, the company announced it is in the final stage of acquiring a small development solar project to be located on the roof of a commercial building in South Bohemia.
SOURCE: Clean Energy and Power Inc.