News

New player enters photovoltaic project market

Published

August 6, 2015

Comments

comments icon

0

Share

Published:

August 6, 2015

Comments:

comments icon

0

Share

ET Solar Group, China-based solar panel maker, announced that its wholly-owned subsidiary ET Solutions AG of Germany founded ET Solutions Istanbul to make a long-term commitment to Turkish photovoltaic market. The company will provide engineering, procurement and construction (EPC) as well as operations & maintenance (O&M) services.

The company contracted the construction of its first two projects, 1.1 MW each, for an investor from Antalya. Both projects are expected to feed the grid at the end of September, ET Solar said. The Istanbul-based firm has also secured a two-year O&M contract. The company said it will give the investors a performance ratio guarantee.

Modules will be installed and the projects will be based on German engineering from the regional headquarters in Munich, Germany. They have been developed and secured partly in partnership with MEL Solar Energy Corp., a local company from Istanbul that ET Solutions has had a strategic partnership with since April 2014, the press release added.

Related Articles

heatwave power exchange prices see europe serbia

What is behind electricity price spike in SEE: grid issues, and something more

13 July 2024 - Record high temperatures aren't the main cause of the record price increase on power exchanges, ranging from 50% to 170%

IRENA La Camera renewables must grow higher speed scale

IRENA’s La Camera: Renewables must grow at higher speed, scale

12 July 2024 - IRENA's Director-General Francesco La Camera warned of ongoing patterns of concentration in geography in renewables deployment as well as against complacency

Constitutional Court of Serbia rules in favor of Rio Tinto lithium project

Constitutional Court of Serbia rules in favor of Rio Tinto’s lithium project

11 July 2024 - The Constitutional Court of Serbia declared unconstitutional a decree that annulled the local spatial plan for Rio Tinto's lithium project

green steel electric vehicles study transport environment

Switching to green steel would add just EUR 8 per electric vehicle by 2040

11 July 2024 - Switching to 40% green steel would add just EUR 57 to the sticker price of an electric vehicle in 2030, according to an analysis by T&E