NANJING, China, Aug. 29 /Xinhua-PRNewswire/ -- ET Solar Group Corp. ("ET Solar"), a Nanjing-based solar power solution provider and integrated manufacturer of photovoltaic products including ingot, wafer, module, and state-of-the-art dual-axis tracking systems with manufacturing facilities located in Taizhou, China, announced today a master agreement for the turn-key construction of solar power plants for Wattner Group of Cologne (“Wattner”), a German initiator of closed-end energy and infrastructure funds.
Under the agreement, ET Solutions AG, the solar power solution arm of ET Solar, will deliver solar installations to Wattner worth of 200 million EUR. The solar power plants will be realized primarily in Southern Europe within the next 5 years.
Wattner procures solar power plants turnkey with an annual volume of at least 20 million EUR adding up to a total power of 50 MWp throughout the life span of the contract. This power is sufficient to light up 15,000 households. “Wattner opted for ET Solar because we possess the unique combination of profound manufacturing experience and in-depth EPC knowledge (Engineering-Procurement-Construction). The cooperation with investment partners such as Wattner is key for our development and expansion plans in international markets,” said Xinghua Wang, Chairman & Chief Executive Officer of ET Solar.
The agreement covers the complete lifespan of the solar construction fund Wattner SunAsset 1. This publicly raised fund has now also made its first investment decision with the “Solarpark Penig”, an installation with ca. 12,000 solar panels. “The site, near the municipality of Penig in Saxony, Germany, and the size of the project is ideal considering the ongoing placement of Wattner SunAsset 1,” said Ulrich Uhlenhut, Managing Director of Wattner AG.
ABOUT ET SOLAR
ET Solar is an integrated solar component manufacturer and a solar power solution provider. Headquartered in Nanjing, China, ET Solar has two manufacturing facilities in Taizhou, China. The company’s diversified products range from mono- and multicrystalline ingots, silicon wafers, modules, dual-axis tracker systems to BIVP products. ET Solar maintains an extensive global distribution and service network has been implementing sales through a combination of extensive direct sales and global distribution. Marketing and after-sales services throughout Germany, Italy, Spain, the United States and Korea ensure our products are readily accessible in the world’s major solar markets. With a concerted effort to supply our customers with tailor-made modules for customer specific requirements, ET Solar provides pro-active solutions for everyone’s solar energy needs.
ABOUT WATTNER
Wattner AG conceives and finances solar renewable energy projects. The company structures projects financially, raises project equity and debt, arranges preliminary financing and engages into project controlling during the project realization and operation phases. Managing Director is Ulrich Uhlenhut. Wholly owned subsidiaries are Wattner Kapital AG and Wattner Projektentwicklungsgesellschaft mbH. The Wattner group realized solar installations of more than 38 million EUR between 2004 and 2008.
For more information, please contact:
ET Solutions AG
Stephan Adelmann
Offentlichkeitsarbeit
Tel: +49-89-309-040-265
Fax: +49-89-309-040-466
Email: s_adelmann@etsolar.de
Web: http://www.etsolar.de
Wattner AG
Klaus Sachsenthal
Public Relations
Tel: +49-355-006-52
Fax: +49-355-006-79
Email: presse@wattner.de
Web: http://www.wattner.de
