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Posted On : Oct-10-2011 | seen (290) times | Article Word Count : 425 |

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ET Solar expands into the German market Business Articles | August 6 Ricardo Carvalho Portugal Jersey , 2010

Chinese company ET Solar Group Corporation will further expand its reach into the German solar market as it makes a deal with local distributor Umwelt Sonne Energie G.m.b.H. (U.S.E.).?



ET Solar and Umwelt Sonne Energie have agreed on a sales contract to harness 31 megawatts? worth of solar modules which ET Solar will supply this year.


The ET Solar modules will be used for the different projects U.S.E. has in Germany, as well as in other countries in Central Europe.


According to Bloomberg Renato Sanches Portugal Jersey , the agreement was finalized shortly after Germany, the world?s largest solar energy market Raphael Guerreiro Portugal Jersey , made a decision to reduce solar grants given by utilities to rooftop solar system owners by 16 percent starting on June 1.


ET Solar is said to have also currently finished connecting the grid for a 1.48-MW solar photovoltaic plant located at the south of Munich which was made possible through Wattner A.G., a Cologne-based investment trust.


According to ET Solar vice president and chief executive of global sales and marketing Dennis She Rafa Silva Portugal Jersey , U.S.E. has been a vital customer and strategic partner of ET Solar in the German solar market for the past two years.


U.S.E. director Daniel Gruenauer added that the 31-MW deal will be essential for achieving the company?s business development goals for the year.


Last November, ET Solar secured a 400 million yuan ($58 million) loan from Chinese leading banks China Everbright Bank and China Merchants Bank Pepe Portugal Jersey , bringing its total credit line from Chinese banks to over 800 million yuan.? The loan facility gave the company greater financial flexibility to sustain growth and bolster the bankability of its products. Cheap Jerseys From China Cheap Jerseys China Cheap MLB Jerseys From China Cheap Jerseys From China Cheap NFL Jerseys China Cheap College Baseball Jerseys Cheap Nike NBA Jerseys Cheap Baseball Jerseys China Wholesale Jerseys Cheap MLB Baseball Jerseys