July 5, 2010

Nanjing, China: ET Solar Completes 1.9 MW PV System in Katharinenrieth

ET Solar has completed 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 engineer team provided full design and managed the entire construction of the project with ET Solar’s China manufacturing plant being the PV module supplier. 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, 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 when it was project 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.”

Further details about: ET Solar