ET Solar Group Corp., a leading one-stop solar PV solution provider, plans to build various PV plants in Romania totalling 50MW for Tinmar-Ind S.A., one of the top Romanian power supplier and energy trading companies.
These plants are located in three counties in Southern Romania, Gorj, Giurgiu, and Dolj. More than 20MW are now under construction and expected to be largely completed before the end of 2012. The grid connection and electricity feed-in is expected to take place in the first quarter of 2013. The remaining 30MW are currently under planning with the construction to start before the end of this year.
Under the agreement between ET Solar and Tinmar, ET Solar acts as the exclusive PV module supplier, and ET Solutions AG, the German subsidiary of ET Solar, provides engineering, procurement, and construction and construction financing. Operations and maintenance services for these plants will also be provided by ET Solar.
"We are very pleased to collaborate with ET Solar as our strategic partner for these projects," Augustin Oancea, CEO of Tinmar. "ET Solar has demonstrated to be a true one-stop solution provider given its strong ability to provide high quality module products, innovative turnkey solutions and tailor-made financing arrangement. "
ET Solar established a Romanian subsidiary in Bucharest this July.