MUNICH, April 6, 2017 /PRNewswire/ -- ET Solutions AG, a subsidiary of ET Energy, a global leading clean energy developer and operator, announced that it had started the construction of a 19 MW solar power project in Turkey for Astronergy, a global leading PV module provider and smart energy provider.
Situated in Kahramanmaras, Osmaniye and Ankara, Turkey, 71,064 Astronergy modules will be installed on 29 hectares of the land. The project will be commissioned by the end of October, 2017, and its annual power generation will reach 37,000 MWh.
Acting as turn-key solar energy solutions provider, ET Energy has also signed a 2-year O&M services contract to secure a Performance Ratio of 80% and stable power generation for over 25 years, which gives rise to the reinforcement of local grid infrastructures.
"Our German engineering and expertise has once again helped us obtain the trust of customers and secure the grid-connection within a tight time frame," Dennis She, President and CEO of ET Energy said. "Like we did in the past in Antalya projects, the highly delivered results is expected to surpass the targeted performance ratio."
"Astronergy is quite glad to work with ET Energy on this project. The high reliability of Astronergy's PV modules and the expertise of ET Energy will ensure the successful operation in the future. We have strong ambition to develop more solar power plants around the world," commented Dr. Chuan Lu, the CEO of Astronergy.
Astronergy, established in 2006, is specialized in crystalline silicon solar modules manufacturing and utility scale project development, financing, construction and operations & maintenance with more than 4000 employees all over the world. After 10 years of stable growth, the Company now has 4 domestic manufacturing bases, and 3 overseas factories located in Germany (acquired from Conergy in 2014), Malaysia and Thailand. Bloomberg has listed Astronergy as Tier 1 solar module supplier for several consecutive years. In 2016, the reverse merge with Chint Electrics, a listed company in Shanghai Stock Exchange, strengthened Astronergy's financial position, allowing it to pursue new markets in module distribution and deploy further capital in its downstream business in the near future.
About ET Energy
ET Energy is a global leading clean energy developer and operator. With innovative solar technologies and tailored financial solutions, ET Energy provides professional one-stop solutions across the entire solar power plant lifecycle including development, financing, engineering, procurement, construction, and operations & maintenance. To learn more about ET Energy, please visit http://www.etsolar.com.