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New player enters photovoltaic project market

Published

August 6, 2015

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Published:

August 6, 2015

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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.

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