RICHMOND, Calif., March 3 /PRNewswire-Asia/ -- ET Solar Group ( http://www.etsolar.com ), in cooperation with Solar Power Partners, Inc. (SPP), announced the completion of the largest dual-axis PV tracker system in the United States. Composed of 89 ET Solar trackers spread over 5 acres, the solar power plant will generate 1.014 MW or 35% of the electricity demands of West County Wastewater District every year. ET Solar provided the tracking systems, one of the key components of the entire project configuration, and also facilitated the design of the project layout to maximize environment benefits and financial returns of this multi-million dollar investment. Amid the worst financial crisis seen in decades, the partners overcame challenges of funding, terrain complexity, and a saltwater environment to ensure the smooth completion of the largest solar plant of its kind to date in the United States.
At the WCWD brown field site, the soil is soft and difficult to work with. Most PV tracking system installations require land grading and poles to be sunk into the ground to provide stability. However, with the soft soil at the location, constructing this type of installation was almost impossible. ET Solar's dual-axis trackers that rest on concrete bases and provide needed stability while avoiding digging holes in the ground turned out to be an ideal solution to the environmental challenges of the project.
Alex von Welczeck, President and CEO of Solar Power Partners commented, "ET Solar's dual-axis tracker design was crucial in resolving the terrain installation issues. Improving the efficiency of the system by 35% was a good benefit as well."
The waste water plant land also had the issue of being near the ocean and subject to corrosive salty air. Furthermore, part of the land floods during times of heavy rain, posing a challenge to most other technologies. Vice President and Chief Strategy Officer of ET Solar Group, Linhui Sui, explained, "Our trackers were a perfect fit to this project. Not only do our trackers raise the efficiency of systems by 35%, but they are also built to work in moist and harsh environments so the salty air and flooding issues do not affect the tracker's operation. We are proud to be able to offer a solution for this challenging project and we look forward to expanding our partnership with Solar Power Partners as the country continues to diversify its energy sources and reduce carbon emissions."
Showing posts with label ET Solar. Show all posts
Showing posts with label ET Solar. Show all posts
Monday, March 9, 2009
Tuesday, January 13, 2009
ET Solar Announces a 13 MW Agreement with a Large German PV Product Integrator for 2009
NANJING, China, Jan. 13 /PRNewswire-Asia/ -- ET Solar Group Corp. ("ET Solar"), a Nanjing-based solar power EPC solution provider and integrated manufacturer of photovoltaic products including ingots, wafers, modules, and state-of-the-art dual-axis tracking systems with manufacturing facilities located in Taizhou, China, announced a 13 megawatts (MW) sales agreement with USE, a large German photovoltaic product integrator and distributor.
According to the signed agreement, ET Solar will deliver a total of 13MW of high-efficiency solar modules to USE between January and November 2009.
Dennis She, Vice President and Chief Sales Officer of ET Solar Group commented, "Our strategic relationship with USE dates from the second half of 2008 when we shipped a substantial module volume to our new strategic German partner. Amid a severe global economic downturn and a more challenging solar industry landscape, this 13MW agreement demonstrates the total customer satisfaction and superior product quality that we achieved in 2008 with our customers. The strong ties we share with a quality name like USE will ensure that ET Solar plays an increasingly significant role in world's largest PV market.
Arnold Berens, CEO of USE commented: "We are very pleased with the strategic relationship with ET Solar, a strong solar PV turnkey service and state-of-the-art equipment provider. Through the business relationship we have had in the past few months, we are convinced that ET Solar is the right long term business partner for us to work with given the excellence in their product quality, pre and after-sales services and business strategy."
About ET Solar
ET Solar is a Nanjing-based solar power solution provider and integrated manufacturer of photovoltaic products including ingots, wafers, modules, and state-of-the-art dual-axis tracking systems with manufacturing facilities located in Taizhou, China. Please contact Public Relations Manager, Simon Laing, for more information at simon@etsolar.com.
About Solar Distributor USE
USE is a German solar Integrator and distributor based in Holzgerlingen, close to Stuttgart. They realize turnkey large-scale systems for their customers which they also service during the operating stage. The company has additional agencies in Germany, Czech Republic and Croatia. For more information please contact Daniel Grunauer and Arnold Berens, phone +49-7031- 20492-0.
According to the signed agreement, ET Solar will deliver a total of 13MW of high-efficiency solar modules to USE between January and November 2009.
Dennis She, Vice President and Chief Sales Officer of ET Solar Group commented, "Our strategic relationship with USE dates from the second half of 2008 when we shipped a substantial module volume to our new strategic German partner. Amid a severe global economic downturn and a more challenging solar industry landscape, this 13MW agreement demonstrates the total customer satisfaction and superior product quality that we achieved in 2008 with our customers. The strong ties we share with a quality name like USE will ensure that ET Solar plays an increasingly significant role in world's largest PV market.
Arnold Berens, CEO of USE commented: "We are very pleased with the strategic relationship with ET Solar, a strong solar PV turnkey service and state-of-the-art equipment provider. Through the business relationship we have had in the past few months, we are convinced that ET Solar is the right long term business partner for us to work with given the excellence in their product quality, pre and after-sales services and business strategy."
About ET Solar
ET Solar is a Nanjing-based solar power solution provider and integrated manufacturer of photovoltaic products including ingots, wafers, modules, and state-of-the-art dual-axis tracking systems with manufacturing facilities located in Taizhou, China. Please contact Public Relations Manager, Simon Laing, for more information at simon@etsolar.com.
About Solar Distributor USE
USE is a German solar Integrator and distributor based in Holzgerlingen, close to Stuttgart. They realize turnkey large-scale systems for their customers which they also service during the operating stage. The company has additional agencies in Germany, Czech Republic and Croatia. For more information please contact Daniel Grunauer and Arnold Berens, phone +49-7031- 20492-0.
Saturday, November 15, 2008
ET Solar Group Presents a New Tracking System with Unparalleled Wind Load
NANJING, China, Nov. 14 /Xinhua-PRNewswire/ -- ET Solar Group Corp. ("ETSolar"), a Nanjing-based solar power solution provider and integrated manufacturer of photovoltaic products including ingots, wafers, modules, and state-of-the-art dual-axis tracking systems with manufacturing facilities located in Taizhou, China, announced the immediate availability of a new dualaxis (ET-D81) tracking system with an unparalleled wind load of 110 mph (or177 km/h). This new tracking system also comes with features specifically designed to withstand marine and desert environments.
The dual-axis tracking system maximizes power production of photovoltaic projects by orienting solar modules to be perpendicular to the sun all daylong. As a result, the modules that are mounted on the tracker can generate up to 40% more power than fixed solar panel systems, and have therefore been widely used for commercial and utility-scale solar farms.
The ET D81 tracker was developed by ET Solar on the basis of the ET D80 tracker, which has already been installed in over 60MW projects during the past five years in Europe. Recently, D80 trackers produced by ET Solar have been installed and connected to the grid in Southern California. ET Solar also supplied a total of over 1MW of D80 trackers to two projects in Northern California, and installation of these trackers is expected to be completed before the end of the year.
The D81 tracker uses the basic structural design of the D80 but has various enhanced features to meet the more challenging operating environments that include, among others, areas with gusty wind, regions with demands for more than 90 mph wind load system, and marine environments in salty air, and dusty and sandy conditions.
The D81 tracker was recently certified to withstand a 110 mph wind load, which is the highest wind load for trackers (with similar module area) currently available in the market according to public information.
The D81 tracker is controlled by an astronomical program that automatically adjusts the orientation of solar modules based on the precisely calculated position of the Sun. Each tracker has a module area of 85 m2 and can mount panels of more than 11 KWp. It is compatible with all types of standard flat solar modules. It automatically stows modules to a flat protection position when wind speed is over 43 mph.
Both D81 and D80 trackers share certain distinct advantages such as: no ground penetration, no land grading, fitting a non-rectilinear landscape, working well with hilly and bumpy terrain, and faster installation with pre-wired electrical connections installed in the factory.
Jeff Lu, Chief Technology Office of ET Solar Group, commented: "The successful development of D81 tracker once again demonstrated our strong R&D capability, persistent pursuit of product variety, and a commitment to product excellence. With our global footprint and a highly differentiated product portfolio, we are well positioned to provide total solutions to our customers."
The dual-axis tracking system maximizes power production of photovoltaic projects by orienting solar modules to be perpendicular to the sun all daylong. As a result, the modules that are mounted on the tracker can generate up to 40% more power than fixed solar panel systems, and have therefore been widely used for commercial and utility-scale solar farms.
The ET D81 tracker was developed by ET Solar on the basis of the ET D80 tracker, which has already been installed in over 60MW projects during the past five years in Europe. Recently, D80 trackers produced by ET Solar have been installed and connected to the grid in Southern California. ET Solar also supplied a total of over 1MW of D80 trackers to two projects in Northern California, and installation of these trackers is expected to be completed before the end of the year.
The D81 tracker uses the basic structural design of the D80 but has various enhanced features to meet the more challenging operating environments that include, among others, areas with gusty wind, regions with demands for more than 90 mph wind load system, and marine environments in salty air, and dusty and sandy conditions.
The D81 tracker was recently certified to withstand a 110 mph wind load, which is the highest wind load for trackers (with similar module area) currently available in the market according to public information.
The D81 tracker is controlled by an astronomical program that automatically adjusts the orientation of solar modules based on the precisely calculated position of the Sun. Each tracker has a module area of 85 m2 and can mount panels of more than 11 KWp. It is compatible with all types of standard flat solar modules. It automatically stows modules to a flat protection position when wind speed is over 43 mph.
Both D81 and D80 trackers share certain distinct advantages such as: no ground penetration, no land grading, fitting a non-rectilinear landscape, working well with hilly and bumpy terrain, and faster installation with pre-wired electrical connections installed in the factory.
Jeff Lu, Chief Technology Office of ET Solar Group, commented: "The successful development of D81 tracker once again demonstrated our strong R&D capability, persistent pursuit of product variety, and a commitment to product excellence. With our global footprint and a highly differentiated product portfolio, we are well positioned to provide total solutions to our customers."
Saturday, October 18, 2008
ET Solar, Helios Technologies sign solar sales contract
10/17/2008
NANJING, CHINA: Nanjing-based solar and photovoltaic (PV) products manufacturer ET Solar has signed a 15 MW module sales contract with Helios Technology, an Italian manufacturer of photovoltaic cells, photovoltaic modules, inverters and charge regulators.
ET Solar will ship a total of 15 MW of modules to Helios between October 2008 and March 2009.
ET Solar Chief Security Officer Dennis Shaw said, "We see the Italian PV market as one of the fastest growing markets in the global PV industry. With this transaction ET Solar is very well positioned to expand its presence and be a significant contributor in this market."
NANJING, CHINA: Nanjing-based solar and photovoltaic (PV) products manufacturer ET Solar has signed a 15 MW module sales contract with Helios Technology, an Italian manufacturer of photovoltaic cells, photovoltaic modules, inverters and charge regulators.
ET Solar will ship a total of 15 MW of modules to Helios between October 2008 and March 2009.
ET Solar Chief Security Officer Dennis Shaw said, "We see the Italian PV market as one of the fastest growing markets in the global PV industry. With this transaction ET Solar is very well positioned to expand its presence and be a significant contributor in this market."
Sunday, September 28, 2008
ET Solar signs 1MW dual-axis tracking system contract with Premier Power
25 September 2008
Nanjing, China-based ET Solar Group Corp. has entered into a 1MW dual-axis tracking system contract with Premier Power Renewable Energy, Inc. The tracking systems, which were jointly developed by ET Solar Group and Meca Solar, each boast a peak power of more than 11kW and will be installed at a location close to San Francisco.
ET Solar will send 97 of the systems to Premier Power for completion of the project by the end of 2008. The annual power output is estimated at more than 2 million kWh, which, according to the company, is close to 40% higher than other fixed array installations in the same area. "We are very excited to have our first large-scale tracking system project installed in the San Francisco Bay Area," said Linhui Sui, Vice President and Chief Strategy Officer of ET Solar Group. "We are proud to have the opportunity to work with Premier Power, a quality and leading PV system integrator, on this milestone project. It is an official recognition of our product, service, and engineering capability."
By Síle Mc Mahon
Nanjing, China-based ET Solar Group Corp. has entered into a 1MW dual-axis tracking system contract with Premier Power Renewable Energy, Inc. The tracking systems, which were jointly developed by ET Solar Group and Meca Solar, each boast a peak power of more than 11kW and will be installed at a location close to San Francisco.
ET Solar will send 97 of the systems to Premier Power for completion of the project by the end of 2008. The annual power output is estimated at more than 2 million kWh, which, according to the company, is close to 40% higher than other fixed array installations in the same area. "We are very excited to have our first large-scale tracking system project installed in the San Francisco Bay Area," said Linhui Sui, Vice President and Chief Strategy Officer of ET Solar Group. "We are proud to have the opportunity to work with Premier Power, a quality and leading PV system integrator, on this milestone project. It is an official recognition of our product, service, and engineering capability."
By Síle Mc Mahon
California Water District Goes Solar with Dual-Axis Tracking Systems from ET Solar Group
NANJING, China, Sept. 25 /Xinhua-PRNewswire/ -- ET Solar Group Corp. ("ETSolar"), a Nanjing-based solar power solution provider and integrated manufacturer of photovoltaic products including ingots, wafers, modules, and state-of-the-art dual-axis tracking systems with manufacturing facilities located in Taizhou, China, announced today that its dual-axis tracking systems have been installed and grid-connected at the Delano-Earlimart Irrigation District (DEID) in Southern California.
DEID is situated in southern Tulare County and northern Kern County along the eastside of the San Joaquin Valley in California. The DEID serves over 400 landowners on a total of 56,500 acres of land. This 22 kWp project, consisting of two ET-D80 tracking systems, is located at the DEID's headquarter and is expected to supply 95 percent of the annual energy needs of the District's headquarters.
These dual-axis tracking systems were jointly developed by ET Solar Group and Meca Solar, one of the top tracking system manufacturers in Europe. Each system has a peak power of 11 kilowatt and is controlled by an astronomical program to track the sun. With the dual-axis tracking systems, annual power output of solar systems can be up to 40% higher than fixed-array installations.
Linhui Sui, CEO of ET Solar USA, commented: "We are very delighted to launch our first tracking system project with the Delano-Earlimart Irrigation District, which represents a huge, potential market for future solar power projects in California. We believe that this first installation of dual-axis tracking systems will be the beginning of meeting the needs of those who are pursuing economic, renewable energy solutions to avoid ever rising electricity bills."
Dale Brogan, DEID General Manager, commented: " This is an exciting, cutting edge project and we are very proud to be the first to utilize the ETSolar dual-axis tracking system in the nation. This solar project represents our first step in the production of solar energy, and we are excited about the prospects of expanding the use of this technology to meet our broader energy needs in the District."
While the ET Solar dual-axis tracking systems may be new to the United States, the technology is not. Over 60 megawatts of solar projects have been installed in Europe over the past 5 years utilizing similar technology. ETSolar adapted the well-tested tracking systems to meet the North American electrical code. This DEID project is the first time ET Solar introduced such tracking systems to the American market. ET Solar also supplied solar modules to this project. The inverters are supplied by Fronius USA.
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 multi-crystalline ingots, silicon wafers, modules, dual-axis tracking systems to BIPV products. ET Solar maintains an extensive global distribution and service network and 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 strive to ensure its products are readily accessible in the world's major solar markets. With a concerted effort to supply its customers with tailor-made modules for customer specific requirements, ETSolar provides pro-active solutions for everyone's solar energy needs.
DEID is situated in southern Tulare County and northern Kern County along the eastside of the San Joaquin Valley in California. The DEID serves over 400 landowners on a total of 56,500 acres of land. This 22 kWp project, consisting of two ET-D80 tracking systems, is located at the DEID's headquarter and is expected to supply 95 percent of the annual energy needs of the District's headquarters.
These dual-axis tracking systems were jointly developed by ET Solar Group and Meca Solar, one of the top tracking system manufacturers in Europe. Each system has a peak power of 11 kilowatt and is controlled by an astronomical program to track the sun. With the dual-axis tracking systems, annual power output of solar systems can be up to 40% higher than fixed-array installations.
Linhui Sui, CEO of ET Solar USA, commented: "We are very delighted to launch our first tracking system project with the Delano-Earlimart Irrigation District, which represents a huge, potential market for future solar power projects in California. We believe that this first installation of dual-axis tracking systems will be the beginning of meeting the needs of those who are pursuing economic, renewable energy solutions to avoid ever rising electricity bills."
Dale Brogan, DEID General Manager, commented: " This is an exciting, cutting edge project and we are very proud to be the first to utilize the ETSolar dual-axis tracking system in the nation. This solar project represents our first step in the production of solar energy, and we are excited about the prospects of expanding the use of this technology to meet our broader energy needs in the District."
While the ET Solar dual-axis tracking systems may be new to the United States, the technology is not. Over 60 megawatts of solar projects have been installed in Europe over the past 5 years utilizing similar technology. ETSolar adapted the well-tested tracking systems to meet the North American electrical code. This DEID project is the first time ET Solar introduced such tracking systems to the American market. ET Solar also supplied solar modules to this project. The inverters are supplied by Fronius USA.
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 multi-crystalline ingots, silicon wafers, modules, dual-axis tracking systems to BIPV products. ET Solar maintains an extensive global distribution and service network and 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 strive to ensure its products are readily accessible in the world's major solar markets. With a concerted effort to supply its customers with tailor-made modules for customer specific requirements, ETSolar provides pro-active solutions for everyone's solar energy needs.
Saturday, August 30, 2008
ET Solar Group partners with Wattner on 50MW worth of solar projects
29 August 2008
ET Solar Group Corp has teamed with the Wattner Group from Germany to supply and install 50MW worth of solar projects in Southern Europe over the next 5 years. The contract is said to be worth €200 million to ET Solar and will use approximately 12,000 PV modules.
"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 projects will be handled by ET Solar's subsidiary, ET Solutions AG.
ET Solar Group Corp has teamed with the Wattner Group from Germany to supply and install 50MW worth of solar projects in Southern Europe over the next 5 years. The contract is said to be worth €200 million to ET Solar and will use approximately 12,000 PV modules.
"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 projects will be handled by ET Solar's subsidiary, ET Solutions AG.
Wednesday, May 21, 2008
ET Solar Group Announces Establishment of Korean Subsidiary in Seoul, Korea
NANJING, China, May 19 /Xinhua-PRNewswire/ -- ET Solar Group Corp. ("ETSolar"), a Nanjing-based vertically integrated manufacturer of photovoltaic products including ingots, wafers, modules, and state-of-the-art dual-axis tracking systems with manufacturing facilities located in Taizhou, China, announced today that it has established a wholly owned subsidiary in Seoul, Korea.
Following the establishment of an Italian office in Rome this March, ET Solar now opens a subsidiary in Seoul to handle sales and procurement efforts in Korea.
"We see Korea as the second largest PV market in the near future in Asia ex-Japan, and the establishment of our presence will further strengthen our global brand name and enable us to better understand and address the fast increasing demand of PV equipment and turn key solutions in this market," commented Dennis She, Chief Sales Officer of ET Solar. "In particular, Korea is an ideal market for dual-axis tracking systems and ET Solar is one of the very few companies that is offering both modules and state-of-the-art tracking systems to our customers in the region."
Following the establishment of an Italian office in Rome this March, ET Solar now opens a subsidiary in Seoul to handle sales and procurement efforts in Korea.
"We see Korea as the second largest PV market in the near future in Asia ex-Japan, and the establishment of our presence will further strengthen our global brand name and enable us to better understand and address the fast increasing demand of PV equipment and turn key solutions in this market," commented Dennis She, Chief Sales Officer of ET Solar. "In particular, Korea is an ideal market for dual-axis tracking systems and ET Solar is one of the very few companies that is offering both modules and state-of-the-art tracking systems to our customers in the region."
Monday, April 7, 2008
ET Solar Group Announces Closing of a US$19 Million Series A Redeemable, Convertible Preferred Share Placement
NANJING, China, April 4, 2008 /Xinhua-PRNewswire/ -- ET Solar Group Corp. ("ET Solar"), a Nanjing-based 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 the completion of a US$19 million private equity placement transaction.
The Series A redeemable convertible preferred share placement was led by Tsing Capital / China Environment Fund, a highly experienced institutional investor dedicated to cleantech investment in China, and joined by another prominent institutional investor.
Commenting on the news, Xinghua Wang, chairman of ET Solar, said, "As a vertically integrated solar company that focuses on downstream part of the value chain, ET Solar is well positioned to capture the exponential growth of the solar industry and represents a very attractive investment opportunity to the investors."
Fischer Chen, CFO of ET Solar, added "The clear differentiation in our business model and product portfolio, strong procurement and sales backlog, robust earnings visibility and new product commercialization roadmap ensured a successful completion of a sizeable fund raising in a challenging capital market environment."
About ET Solar
ET Solar is an integrated solar component manufacturer. Headquartered in Nanjing, China, ET Solar has two manufacturing facilities in Taizhou, China. The Company's diversified products range from mono crystalline ingot, mono and multi crystalline silicon wafer, module, dual-axis tracker systems and BIVP products. ET Solar has been implementing sales through a combination of extensive direct sales and global distribution. Marketing and after-sales services throughout the United States, Germany, Italy and Spain ensure our products are readily accessible in world's major solar markets. With a genuine effort to supply our customers with tailor-made modules for specific customer requirements, ET Solar provides pro-active solutions for everyone's solar energy needs.
About Tsing Capital / China Environment Fund
Managed by Tsing Capital, China Environment Fund is the first and most prominent VC fund in China that is fully dedicated to cleantech investment. With three funds (CEF I 2002, CEF II 2004, and CEF III) under management, Tsing Capital and China Environment Fund strive to pioneer the advent of clean investment with combined environmental benefits and financial returns.
The Series A redeemable convertible preferred share placement was led by Tsing Capital / China Environment Fund, a highly experienced institutional investor dedicated to cleantech investment in China, and joined by another prominent institutional investor.
Commenting on the news, Xinghua Wang, chairman of ET Solar, said, "As a vertically integrated solar company that focuses on downstream part of the value chain, ET Solar is well positioned to capture the exponential growth of the solar industry and represents a very attractive investment opportunity to the investors."
Fischer Chen, CFO of ET Solar, added "The clear differentiation in our business model and product portfolio, strong procurement and sales backlog, robust earnings visibility and new product commercialization roadmap ensured a successful completion of a sizeable fund raising in a challenging capital market environment."
About ET Solar
ET Solar is an integrated solar component manufacturer. Headquartered in Nanjing, China, ET Solar has two manufacturing facilities in Taizhou, China. The Company's diversified products range from mono crystalline ingot, mono and multi crystalline silicon wafer, module, dual-axis tracker systems and BIVP products. ET Solar has been implementing sales through a combination of extensive direct sales and global distribution. Marketing and after-sales services throughout the United States, Germany, Italy and Spain ensure our products are readily accessible in world's major solar markets. With a genuine effort to supply our customers with tailor-made modules for specific customer requirements, ET Solar provides pro-active solutions for everyone's solar energy needs.
About Tsing Capital / China Environment Fund
Managed by Tsing Capital, China Environment Fund is the first and most prominent VC fund in China that is fully dedicated to cleantech investment. With three funds (CEF I 2002, CEF II 2004, and CEF III) under management, Tsing Capital and China Environment Fund strive to pioneer the advent of clean investment with combined environmental benefits and financial returns.
Thursday, April 3, 2008
ET Solar Group Announces 6.6MW Module (for Rooftop Trackers) Sales to a Leading Italian Energy Equipment Provider
NANJING, China, April 2, 2008 /Xinhua-PRNewswire/ -- ET Solar Group Corp. ("ET Solar"), a Nanjing-based 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 6.6MW module sales contract with a leading Italian energy equipment provider.
Under the contract, ET Solar will ship a total of 6.6MW modules to be mounted on rooftop, single-axis trackers between second quarter of 2008 and first quarter of 2009. With ET Solar being a joint producer, these trackers are designed to operate on both residential and commercial rooftops and can generate 15-20% more power than the fixed tilt arrays, achieving lower unit cost on both per watt and per kilo watt hour basis.
Commenting on the news, Xinghua Wang, chairman of ET Solar said, "The transaction is another solid execution of ET Solar's diversification driven sales and marketing strategy from both geographical and customer segmentation perspectives. In particular, ET Solar is very honored to be a significant business partner with one of Europe's largest energy equipment providers and also a premier household name in Italy. We see the Italian PV market as a new engine for global PV market growth. With this transaction, ET Solar is very well positioned to expand our presence and be a significant contributor in this market."
About ET Solar:
ET Solar is an integrated solar component manufacturer. Headquartered in Nanjing, China, ET Solar has two manufacturing facilities in Taizhou, China. The Company's diversified products range from mono crystalline ingot, mono and multi crystalline silicon wafer, module, dual-axis tracker systems and BIVP products. ET Solar has been implementing sales through a combination of extensive direct sales and global distribution. Marketing and after-sales services throughout the United States, Germany, Italy and Spain ensure our products are readily accessible in world's major solar markets. With a genuine effort to supply our customers with tailor-made modules for specific customer requirements, ET Solar provides pro-active solutions for everyone's solar energy needs.
Under the contract, ET Solar will ship a total of 6.6MW modules to be mounted on rooftop, single-axis trackers between second quarter of 2008 and first quarter of 2009. With ET Solar being a joint producer, these trackers are designed to operate on both residential and commercial rooftops and can generate 15-20% more power than the fixed tilt arrays, achieving lower unit cost on both per watt and per kilo watt hour basis.
Commenting on the news, Xinghua Wang, chairman of ET Solar said, "The transaction is another solid execution of ET Solar's diversification driven sales and marketing strategy from both geographical and customer segmentation perspectives. In particular, ET Solar is very honored to be a significant business partner with one of Europe's largest energy equipment providers and also a premier household name in Italy. We see the Italian PV market as a new engine for global PV market growth. With this transaction, ET Solar is very well positioned to expand our presence and be a significant contributor in this market."
About ET Solar:
ET Solar is an integrated solar component manufacturer. Headquartered in Nanjing, China, ET Solar has two manufacturing facilities in Taizhou, China. The Company's diversified products range from mono crystalline ingot, mono and multi crystalline silicon wafer, module, dual-axis tracker systems and BIVP products. ET Solar has been implementing sales through a combination of extensive direct sales and global distribution. Marketing and after-sales services throughout the United States, Germany, Italy and Spain ensure our products are readily accessible in world's major solar markets. With a genuine effort to supply our customers with tailor-made modules for specific customer requirements, ET Solar provides pro-active solutions for everyone's solar energy needs.
Wednesday, March 19, 2008
ET Solar Group Announces a 3MW Dual-Axis Tracker and Module Sales
NANJING, China, March 19 /Xinhua-PRNewswire/ -- ET Solar Group Corp. ("ET Solar"), a Nanjing-based 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 3MW dual-axis tracking system and module sales contract for a new solar farm project in Oregon, the United States.
Under the contract, ET Solar will ship a total of 273 dual-axis trackers in the first half of 2008 with the first shipment expected to be effected in April. Each tracker has a peak output of 11 kilowatts and can produce, depending on geography, a range of 20,000 to 28,000 kilowatt hours a year. Annual power output of ET Solar dual-axis trackers is up to 40% higher than a fixed array. All dual-axis trackers are jointly developed between Meca Solar and ET Solar and will be operating on the high efficiency solar modules manufactured by ET Solar. ET Solar trackers are able to be fully integrated with the modules manufactured by other solar companies as well.
Commenting on the news, Xinghua Wang, chairman of ET Solar said, "The 3MW tracker transaction is the first sizeable tracking system sales that a China based integrated solar company ever made into world's major solar markets. This is truly a milestone event for the entire Chinese solar industry and demonstrates ET Solar's determination and leadership in downstream system integration product development and commercialization."
Dennis She, Chief Sales Officer of ET Solar, further commented,"The fact that our customer is purchasing both state-of-the-art tracking systems and modules from ET Solar is a show case of total customer satisfaction which we are now achieving and reflects our broad product portfolio that we are able to offer to our downstream system integration customers. Being a supplier of both tracker and module products, ET Solar is well positioned to be a substantial contributor to the exponential growth of the large solar farm market segment of the PV industry."
Linhui Sui, Chief Technology Officer of ET Solar, said, "With our optimal structure design, high quality product component, stringent quality control and the battle tested technologies, we are now able to meet the U.S. compliance, qualification and certification requirement and standards."
Under the contract, ET Solar will ship a total of 273 dual-axis trackers in the first half of 2008 with the first shipment expected to be effected in April. Each tracker has a peak output of 11 kilowatts and can produce, depending on geography, a range of 20,000 to 28,000 kilowatt hours a year. Annual power output of ET Solar dual-axis trackers is up to 40% higher than a fixed array. All dual-axis trackers are jointly developed between Meca Solar and ET Solar and will be operating on the high efficiency solar modules manufactured by ET Solar. ET Solar trackers are able to be fully integrated with the modules manufactured by other solar companies as well.
Commenting on the news, Xinghua Wang, chairman of ET Solar said, "The 3MW tracker transaction is the first sizeable tracking system sales that a China based integrated solar company ever made into world's major solar markets. This is truly a milestone event for the entire Chinese solar industry and demonstrates ET Solar's determination and leadership in downstream system integration product development and commercialization."
Dennis She, Chief Sales Officer of ET Solar, further commented,"The fact that our customer is purchasing both state-of-the-art tracking systems and modules from ET Solar is a show case of total customer satisfaction which we are now achieving and reflects our broad product portfolio that we are able to offer to our downstream system integration customers. Being a supplier of both tracker and module products, ET Solar is well positioned to be a substantial contributor to the exponential growth of the large solar farm market segment of the PV industry."
Linhui Sui, Chief Technology Officer of ET Solar, said, "With our optimal structure design, high quality product component, stringent quality control and the battle tested technologies, we are now able to meet the U.S. compliance, qualification and certification requirement and standards."
Thursday, February 28, 2008
ET Solar Group Announces Agreement with OPDE
NANJING, China, Feb. 26 /Xinhua-PRNewswire/ -- ET Solar Group Corp.("ET Solar"), a Nanjing-based integrated manufacturer of photovoltaic products including ingot, wafer, module, and state-of-the-art dual-axistracking systems with manufacturing facilities located in Taizhou, China, announced today a framework collaborative agreement (the "Agreement") with Spain-based Meca Solar, one of the largest global state-of-the-artmanufacturers of solar tracker systems.
Under the Agreement, Meca Solar will (1) provide technical and technological support and assistance for ET Solar's tracker design and manufacturing, and provide installation training for ET Meca dual-axisprojects; and (2) become a minority share holder of ET Solar. Additionally,with guidance of Meca Solar, ET's engineering staff will become authorized and certified installation technicians
Commenting on the Agreement, Xinghua Wang, CEO and President of ET Solar said: "With our on-going sales over the past 12 months and a recent additional 10MW contract for 2008 with OPDE (Meca Solar's parent company), and now a strong strategic tracker manufacturing partnership with MecaSolar, I have every reason to believe that future opportunities between the two organizations are abundant.
"The strategic investment of a leading foreign system integration company into a fast growing Chinese solar company like this transaction is totally unprecedented. This is an important milestone for ET Solar, staying on the cutting edge of technology, as China becomes the world's largest producer of solar components and equipment.
"With successful projects dating back half a decade, Meca Solar is currently one of the global leaders of dual-axis tracker projects, achieving turnkey utility scale solar systems as a tracker manufacturer, integrator/installer, system financier and maintenance company.
"With such an experienced global partner, ET Solar will be catapulted into the burgeoning tracker market, offering trackers to our existing portfolio of products available to our global customer base. By focusing on downstream system integration products, ET Solar is keeping in step withour anticipated long term corporate growth strategy."
Commenting further, CEO of OPDE/Meca Solar, Alejandros Chave, added:"We are pleased to be expanding our existing business relationship with ET Solar. This is a very substantial strategic partnership and we look forward to supporting ET Solar with on-going technical and technological support. We have big plans in the near future and look forward to implementing them. I have no doubt that both parties will benefit from this partnership greatly."
About ET Solar:
ET Solar is an integrated solar component manufacturer. Headquartered in Nanjing, China, ET Solar has two manufacturing facilities in Taizhou, China. The Company's diversified products range from mono crystalline ingot, mono and multi crystalline silicon wafer, module, dual-axis tracker systems and BIVP products. ET Solar has been implementing sales through a combination of extensive direct sales and global distribution. Marketing and after-sales services throughout the United States, Germany, Italy and Spain ensure our products are readily accessible in world's major solar markets. With a genuine effort to supply our customers with tailor-made modules for specific customer requirements, ET Solar provides pro-active solutions for everyone's solar energy needs.
About Meca Solar:
Meca Solar is a Spanish company that is dedicated to the design, manufacture and distribution of state-of-the-art dual-axis tracking systems, building turnkey utility scale solar systems with increased energy production of up to 43% (relative to fixed installation).
Under the Agreement, Meca Solar will (1) provide technical and technological support and assistance for ET Solar's tracker design and manufacturing, and provide installation training for ET Meca dual-axisprojects; and (2) become a minority share holder of ET Solar. Additionally,with guidance of Meca Solar, ET's engineering staff will become authorized and certified installation technicians
Commenting on the Agreement, Xinghua Wang, CEO and President of ET Solar said: "With our on-going sales over the past 12 months and a recent additional 10MW contract for 2008 with OPDE (Meca Solar's parent company), and now a strong strategic tracker manufacturing partnership with MecaSolar, I have every reason to believe that future opportunities between the two organizations are abundant.
"The strategic investment of a leading foreign system integration company into a fast growing Chinese solar company like this transaction is totally unprecedented. This is an important milestone for ET Solar, staying on the cutting edge of technology, as China becomes the world's largest producer of solar components and equipment.
"With successful projects dating back half a decade, Meca Solar is currently one of the global leaders of dual-axis tracker projects, achieving turnkey utility scale solar systems as a tracker manufacturer, integrator/installer, system financier and maintenance company.
"With such an experienced global partner, ET Solar will be catapulted into the burgeoning tracker market, offering trackers to our existing portfolio of products available to our global customer base. By focusing on downstream system integration products, ET Solar is keeping in step withour anticipated long term corporate growth strategy."
Commenting further, CEO of OPDE/Meca Solar, Alejandros Chave, added:"We are pleased to be expanding our existing business relationship with ET Solar. This is a very substantial strategic partnership and we look forward to supporting ET Solar with on-going technical and technological support. We have big plans in the near future and look forward to implementing them. I have no doubt that both parties will benefit from this partnership greatly."
About ET Solar:
ET Solar is an integrated solar component manufacturer. Headquartered in Nanjing, China, ET Solar has two manufacturing facilities in Taizhou, China. The Company's diversified products range from mono crystalline ingot, mono and multi crystalline silicon wafer, module, dual-axis tracker systems and BIVP products. ET Solar has been implementing sales through a combination of extensive direct sales and global distribution. Marketing and after-sales services throughout the United States, Germany, Italy and Spain ensure our products are readily accessible in world's major solar markets. With a genuine effort to supply our customers with tailor-made modules for specific customer requirements, ET Solar provides pro-active solutions for everyone's solar energy needs.
About Meca Solar:
Meca Solar is a Spanish company that is dedicated to the design, manufacture and distribution of state-of-the-art dual-axis tracking systems, building turnkey utility scale solar systems with increased energy production of up to 43% (relative to fixed installation).
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