Located in Katharinenrieth, in Saxony-Anhalt, ET Solar’s German engineering team provided full design and managed the entire construction, with ET Solar’s China manufacturing plant supplying the PV modules.
The plant has a 30-year designed life and is expected to generate approximately 36 million kwh of electricity and reduce almost 22,000 tons of carbon emissions over the 20-year subsidy period.
Dennis She, president of ET Solar commented: "Following the 1.5MW power plant that we, as EPC contractor, delivered to Wattner last December, this project further solidified our track record in providing turnkey solutions to our customers and enhanced the bankability of our module products especially projects financed by DKB. In addition to EPC contracting, we strive to expand our service scope by arranging short/long-term financing and sourcing investors going forward."
Wattner AG ("Wattner"), a Cologne-based investment trust specialized in renewable energy investments, is the sole equity investor of the project via its publicly raised Sunasset fund.