NANJING, China, Nov. 19,
2012 /PRNewswire/ -- ET Solar Group Corp. ("ET Solar"), a
leading one-stop solar PV solution provider, today announces that
they have been awarded to build various PV plants in Romania totaling 50MW for Tinmar-Ind S.A.
("Tinmar"), one of the top Romanian power supplier and energy
trading companies.
These plants are located in three counties in Southern Romania, Gorj, Giurgiu and Dolj. Over
20MW are now under construction and expected to be largely
completed before the end of 2012. The grid connection and
electricity feed-in is expected to take place in the first quarter
of 2013. The remaining 30MW are currently under planning with the
construction to start before the end of this year.
Under the agreement between ET Solar and Tinmar, ET Solar acts
as the exclusive PV module supplier, and ET Solutions AG, the
German subsidiary of ET Solar, provides engineering, procurement
and construction and construction financing. Operations &
maintenance services for these plants will also be provided by ET
Solar.
Mr. Dennis She, President and CEO
of ET Solar, commented: "This award represents a major achievement
for our system business in the emerging markets. With years of
experience we acquired in Germany
and Italy, we are well positioned
to offer these markets high quality and cost effective EPC
solutions."
Mr. Augustin Oancea, CEO of
Tinmar, added "We are very pleased to collaborate with ET Solar as
our strategic partner for these projects. ET Solar has demonstrated
to be a true one-stop solution provider given its strong ability to
provide high quality module products, innovative turnkey solutions
and tailor-made financing arrangement. "
ET Solar established a Romanian subsidiary in Bucharest this July.
About ET Solar
ET Solar is one of the globally 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,
please visit http://www.etsolar.com.
About Tinmar-Ind
Established in 2001, Tinmar-Ind is the biggest privately owned
Romanian energy provider and is controlled by businessman
Augustin Oancea. Based in
Bucharest, since 2008 Tinmar-Ind
has expanded its electricity trading business into other European
markets: Hungary, Greece, Serbia, Bulgaria, Austria and Germany. To learn more about Tinmar-Ind, visit
http://www.tinmar.ro.