ET Solar Announces Adoption of New Insurance Solutions Provided by ERGO

NANJING, China, June 14, 2012 /PRNewswire-Asia/ -- ET Solar Group Corp. ("ET Solar"), one of the leading solar PV one-stop solution providers, today announces that it has adopted ERGO Insurance Group ("ERGO")'s insurance solutions for both its system and module sales in key solar markets.

Brokered by Wills, a major international insurance brokerage firm, the captioned insurance package covers all risks for property damages, destruction or loss of insured property due to theft, burglary, robbery and looting for projects that use ET Solar modules. In addition to module sales, ERGO could also extend the insurance for system owners that own power plants that ET Solar builds up and provides modules for.

ERGO is part of the Munich Re Group and a major insurance company that has over 40 million customers and provides a wide range of insurance products.  

Mr. Dennis She, President and Chief Executive Officer of ET Solar, commented: "Our relationship with ERGO demonstrates our continuous efforts on value creation for our customers as we solidifies our position as one of the major module suppliers and grows our own system business globally."

About ET Solar

ET Solar is one of the global leading solar one-stop solution providers. With local sales and marketing subsidiaries and offices in Asia, Europe, and North America, ET Solar has provided solar modules, turnkey solutions services and PV balance of system components to its customers in over 50 countries. To learn more about ET Solar, visit http://www.etsolar.com.

About ERGO Insurance Group 

ERGO is part of the Munich Re Group, which is one of the world's leading reinsurers and risk carriers. ERGO is one of the major insurance groups in Germany and Europe. Worldwide, the Group is represented in over 30 countries around the world. ERGO offers a comprehensive spectrum of insurance, provision and services. To learn more about ERGO, visit http://www.ergo.com.

About Willis

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world.  Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at http://www.willis.com.

SOURCE ET Solar Group Corp.