ET Solar Announces Completion and Grid Connection of a 1.9MW PV Power Plant in Germany

2010-07-03 04:59 1442

NANJING, China, July 5 /PRNewswire-Asia/ -- ET Solar Group Corp. ("ET Solar"), a Nanjing-based PV system turnkey solution service provider and integrated manufacturer of downstream PV products announced completion and grid connection of a 1.9MW ground mounted PV power plant in eastern Germany.

Located in Katharinenrieth, a village in Saxony-AnhaltI, the plant was fully connected to the grid managed by Envia Netz, a large grid operator in the region, on June 24th this year.

ET Solar’s German engineering team provided full design and managed the entire construction of the project with ET Solar’s China manufacturing plant supplying the PV module.

The plant has a 30-year designed life and is expected to generate approximately 36 million kwh of electricity and reduce almost 22,000 tons of carbon emissions over the 20-year subsidy period.

Wattner AG ("Wattner"), a Cologne-based investment trust specialized in renewable energy investments, is the sole equity investor of the project via its publicly raised SunAsset fund.

Dennis She, President of ET Solar, commented "Following the 1.5MW power plant that we, as EPC contractor, delivered to Wattner last December, this project further solidified our track record in providing turnkey solutions to our customers and enhanced the bankability of our module products especially projects financed by DKB. In addition to EPC contracting, we strive to expand our service scope by arranging short/long-term financing and sourcing investors going forward."

Guido Ingwer, Managing Partner of Wattner, commented, "We are very pleased with the second power station that ET Solar designed and constructed for us in Germany. We continue to be impressed with the design consistency and execution efficiency that ET Solar achieved. We look forward to converting more prospective projects to grid connected power plants with ET Solar this year."

About ET Solar:

ET Solar is a vertically integrated downstream solar power products manufacturer and turnkey solutions service provider. With local sales and marketing subsidiaries and offices in Asia, Europe, and North America, ET Solar has provided solar modules, solar tracking systems and turnkey solutions services to its customers in over 40 countries.

About Wattner:

Wattner is a Cologne-based investment and asset management company. Its group companies acquire assets and projects, structure projects financially and provide funding.

Source: ET Solar Group Corp.