ET Solar Announces Completion and Grid Connection of a 2.9MW Power Plant in Germany

NANJING, China, Feb. 25, 2011 /PRNewswire-Asia/ -- ET Solar Group Corp. ("ET Solar"), a China-based vertically integrated manufacturer of PV products and photovoltaic ("PV") system turnkey solution provider, announced completion and grid connection of a 2.9MW ground mounted PV power plant for Wattner AG ("Wattner") where ET Solar acted as the EPC contractor and module supplier.

Located in Frankenberg, the power plant covers a total area of 6.5 hectares. Construction started in September 2010 and grid connection was achieved in December. The plant was designed to generate approximately 2.6 million kWh electricity annually and reduce nearly 45,000 tons of carbon emission over a 30-year life.

The project is the third ground-mounted power plant that ET Solar engineered, procured equipment for and constructed for Wattner using ET Solar modules in Germany. The three projects totaled more than 6.2MW and are located in three different sites across the country.

Dr. Linhui Sui, head of ET Solar's European system operations, commented, "We are very excited with the completion of the third power plant for Wattner. The project further proved our strong design, internal module supply and project management capabilities and solidified our track record in the world's leading PV market. We look forward to continuing to provide system services to our customers in other markets."

Mr. Guido Ingwer, Managing Partner of Wattner, added, "We are very satisfied with ET Solar's project execution capabilities given the timely completion of the Frankenberg project amid extremely severe weather conditions. Furthermore, the higher-than-designed performance ratios of the 1.9MW Paehl project over the 1-year operating period clearly proved ET Solar's robust plant design capabilities and module quality, and added good investor value for us."

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 leading developer, financier and operator of solar power plants. The company is privately owned; its managing director is Ulrich Uhlenhut. Wattner has a global target pipeline of 500 MW of solar projects by 2012 in countries across Europe, North America and emerging markets.

SOURCE ET Solar Group Corp.