ET Solar PV Modules Installed in a Commercial Rooftop Project in Austria

NANJING, China, Nov. 12, 2012 /PRNewswire/ -- ET Solar Group Corp. ("ET Solar"), a leading solar one-stop solution provider, today announces the grid connection of a 1.45MW commercial rooftop project in Austria where ET Solar modules were used.

The project was developed and executed by sinoPARTNER Technologie AG ("sinoPARTNER"),  a German system integrator in Vorarlberg, with the investor being Vorarlerger Kraftwerke AG ("VKW"), an Austrian utility company. ET Solar was the only module supplier for the project that consists of 39 rooftops.

Mr. Dennis She, President and CEO of ET Solar, said, "We are very happy to see the PV industry grow at a solid pace in Austria. Since our collaboration with sinoPARTNER in 2011, ET Solar has participated in quite a number of large projects and gained valuable experience out of them. With the strong track record and vast understanding, we will make continuous efforts to be a more significant key equipment supplier in the country."

Mr. Jens Peiffer, CEO of sinoPARTNER, added, "ET Solar has demonstrated to b e a very reliable module equipment provider to the various projects we took on since 2011 in Austria. We are confident that the quality supplier relationship will significantly facilitate our business development efforts in this exciting market going forward."

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 sinoPARTNER

Headquartered in Bretten, Germany, sinoPARTNER is a project developer and system integrator that focuses on the rooftop PV market segment in Germany. Ranging from small household and large commercial rooftops, sinoPARTNER develops and provides installation services for a large variety of PV projects. To learn more about sinoPARTNER, please visit www.4moresun.com.

ET Solar Announces PV Module Supply to EnergiMidt in Denmark

NANJING, China, Oct. 17, 2012 /PRNewswire/ -- ET Solar Group Corp. ("ET Solar"), a leading solar one-stop solution provider, today announces signing of a Momentum of Understanding (MoU) on PV module supply to EnergiMidt, one of the largest PV players and utility companies in Denmark.

The MoU formalizes the strategic tie between ET Solar and EnergiMidt and the major PV module supplier mandate that EnergiMidt awards to ET Solar for the Danish utility giant's 2013 rooftop PV project requirements.

Mr. Dennis She , President and CEO of ET Solar, commented: "We are very pleased to be short listed as EnergiMidt's major PV module supplier. With EnergiMidt's strong market position and ET Solar's unique experience, we will contribute greatly to the take-off of the Danish PV market in next few years."

Mr. Holger Blok , CEO of EnergiMidt, said, "The strategic alliance between the two companies serves as a very important cornerstone for our business development going forward. We look forward to growing with ET Solar, our high quality module supplier that has a strong track record in European solar markets."

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, visit http://www.etsolar.com.

About EnergiMidt

EnergiMidt is one of the largest energy and broadband companies in Denmark with its 176,000 customers. EnergiMidt has built great knowledge in PV since it started up this business in 1993. To learn more about EnergiMidt, visit http://www.energimidt.dk/English/Sider/Facts-and-figures.aspx.

ET Solar Group Announces Worldwide Product Liability Insurance Coverage

NANJING, Jiangsu, China, July 5 /PRNewswire-Asia/ -- ET Solar Group Corp. ("ET Solar"), a Nanjing-based solar farm EPC provider and integrated manufacturer of photovoltaic ("PV") products including ingots, wafers, modules, and state-of-the-art dual-axis tracking systems, announced immediate provision of product liability insurance coverage for its PV module customers worldwide.

Arranged by Aon, world's top insurance brokerage firm headquartered in New York, the cover is provided by Huatai Insurance Company in which the global insurance giant ACE is the single largest shareholder. ACE, whose financial risking is A+ by Standard & Poor's, is a leading insurance and reinsurance provider incorporated in Switzerland and listed on NYSE. The firm operates in more than 50 countries worldwide with a strong presence in Europe & North America.

The cover includes both bodily injury and property damages caused by PV modules sold, supplied and distributed to ET Solar's customers with a very sizeable compensation limit. Claims can be directly filed at ACE's overseas offices in or closest to the claimants' geographies. Renewable at every anniversary, the global policy provides an immediate coverage for the next twelve months.

Commenting on the news, Dennis She, Vice President and Global Sales Officer of ET Solar, said: "We are very delighted to provide our customers with a broad range of value added services and incentives that include local technical and after sales service support in Europe and North America, working capital financing solutions, speedier shipment from in-country warehouses, and product liability insurance as we expand our customer base in our key markets rapidly. In addition to product liability insurance, we are at advanced stages in working with top Chinese insurance companies on product warranty insurance coverage that we expect to offer in the next few months."

ET Solar Group Announces a 50MW Turnkey Solution Agreement with Wattner AG

NANJING, China, Aug. 29 /Xinhua-PRNewswire/ -- ET Solar Group Corp. ("ET Solar"), a Nanjing-based solar power solution provider and 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 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 v(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 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.

ET Solar Annouces 3MW Project in Oregon

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.''