ET Solar Group Supplies 1MW Solar Modules to a Large Ground Mounted Solar Plant in India

Press release

NANJING, China, Aug. 13 – ET Solar Group Corp. (“ET Solar”), a Nanjing-based integrated manufacturer of photovoltaic (“PV”) products (ingot, wafer, modules and tracking systems) and system integrator announced a 1MW high efficiency module supply transaction to a large system integrator for an Indian project.

The project, developed by a commercial and utility solar project developer in India, is so far one of the largest on-grid solar farms in the Indian subcontinent. Shipment was completed in July and more sizeable volumes are being planned for.

According to Indian government’s 11th five-year plan, the nation is targeting 20% electricity generation from renewable energies by 2020 where at least 10GW will be achieved through solar power generation, including PV and solar thermal sources. Punjab is the first state in India that was allocated with megawatt scale projects.

Commenting on the news, Dennis She, Vice President and Global Sales Officer of ET Solar, said: “India has a very ambitious plan for the development of renewable energy, especially solar energy. We see a great growth potential in this burgeoning market thanks to the government’s strong resolution to be a world leader to fight global warming and the very attractive radiation conditions in the geography. We are very pleased to play a very contributive role on the country’s way to becoming one of the largest clean energy users in the world.”