Solar

ET Solar Signs 50-MW Deal with Wattner

ET Solar Group Corp., a Nanjing, China-based solar power solution provider and integrated manufacturer of photovoltaic products announced that it has entered into a master agreement for the turn-key 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 AG, the solar power solution arm of ET Solar, will deliver solar installations to Wattner worth €200 million [US $289.67]. The solar power plants will be built within the next five years, primarily in Southern Europe.

he 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 approximately 12,000 solar panels.