ET Solar Group Announces PV Plant Contract With Wattner

SOLAR DAILY

ET solar power plant in Spain.

by Staff Writers
Nanjing, China (SPX) Sep 02, 2008
ET Solar Group has announced a master agreement for the turn-key construction of solar power plants for Wattner Group of Cologne ("Wattner"), a German initiator of closed-end energy and infrastructure funds.

Under the agreement, ET Solutions AG, the solar power solution arm of ET Solar, will deliver solar installations to Wattner worth of 200 million EUR. The solar power plants will be realized primarily in Southern Europe within the next 5 years.

Wattner procures solar power plants turnkey with an annual volume of at least 20 million EUR adding up to a total power of 50 MWp throughout the life span of the contract. This power is sufficient to light up 15,000 households.

"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 and Chief Executive Officer of ET Solar.

The agreement covers the complete lifespan of the solar construction fund Wattner SunAsset 1. This publicly raised fund has now also made its first investment decision with the "Solarpark Penig", an installation with ca. 12,000 solar panels.

"The site, near the municipality of Penig in Saxony, Germany, and the size of the project is ideal considering the ongoing placement of Wattner SunAsset 1," said Ulrich Uhlenhut, Managing Director of Wattner AG.

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SOLAR DAILY

Sino-American Silicon Invests In Silfab

Padova, Italy (SPX) Sep 02, 2008
Silfab announced this week that SAS' Board has approved to invest in Silfab an amount of 30 million euros equity, Sino-American Silicon Product, a Taiwanese manufacturer of polysilicon wafers for use in both photovoltaic and semiconductor industries.

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