ET Solar Group, an integrated manufacturer of photovoltaic products, has signed a master agreement for the turnkey construction of solar power plants for Wattner Group of Cologne, a German initiator of closed-end energy and infrastructure funds.
Under the agreement, ET Solutions, the solar power solution arm of ET Solar, will deliver solar installations worth E200 million to Wattner. The solar power plants will be realized primarily in southern Europe within the next five years.
Wattner procures solar power plants turnkey with an annual volume of at least E20 million adding up to a total power of 50MWp throughout the life span of the contract. This power is sufficient to light up 15,000 households.
Xinghua Wang, chairman and CEO of ET Solar, said: Wattner opted for ET Solar because we possess the unique combination of profound manufacturing experience and in-depth engineering, procurement and construction knowledge. The co-operation with investment partners such as Wattner is key for our development and expansion plans in international markets.