ET Solar acted as the EPC contractor in the project. The company’s German engineer team provided full design for the project with PV modules provided by its China manufacturing plant. Assessed by a third party German consulting firm, the plant’s designed efficiency is almost 82%, ET Solar said.
The project is located in the Paehl region that is approximately 50 kilometers south of Munich. Main construction work started in late November 2009 and grid connection was done in mid December at E.ON.
The plant has a 30-year designed life and is expected to generate approximately 32 million kWhs of electricity over the 20-year subsidized period to reduce almost 20,000 tons of carbon emissions.
Dennis She, vice president and chief sales officer of ET Solar, said: “We are very excited with the completion of this project and our partnership with Wattner. The transaction showcases our strong ability to execute our downstream strategy leveraging our EPC experience, product quality and cost advantages.”
Wattner structures projects financially, raises project equity and debt, arranges preliminary financing and engages into project controlling during the project realization and operation phases.
