ET Solar and Wattner on expansion course - 200 mio.euro contract with ET Solar

Cologne, Germany/Nanjing, China

At the same time, Wattner concludes a master agreement for the turn-key construction of solar power plants with ET Solar Group, a Chinese solar conglomerate based in Nanjing and a green energy sponsor to the Olympic Games 2008 in Beijing.

Under the agreement, the ET Solutions AG will deliver solar installations to Wattner worth 200 million EUR. The solar power plants will be realized primarily in Southern Europe within the next 5 years. ET Solutions AG is a wholly owned subsidiary of ET Solar Group Corp in Nanjing, China.

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.

Source: IWR Online, 29 Aug 2008