NANJING, China, January 24, 2011 /PRNewswire/ --
ET Solar Group Corp. ("ET Solar"), a China-based photovoltaic ("PV") system turnkey solution provider and integrated manufacturer of PV products, announced an annual framework agreement with USE Umwelt Sonne Energie GmbH ("USE"). Under this agreement, ET Solar will supply 40MW mono and multi-crystalline modules to USE in 2011.
Headquartered close to Stuttgart, Germany, USE is a large PV product distributor and system integrator with over three-year cooperation with ET Solar. As one of the most reliable strategic partners of ET Solar in Germany, USE has achieved a very strong 2010 with a significant business growth.
"We are very excited with the fourth annual supply agreement that we entered into with USE. The agreement further strengthens strategic alliances and enhances the competitive positions for both ET Solar and USE in German and other European PV markets," Mr. Dennis She, Chief Executive Officer of ET Solar, said, "Over the past years, ET Solar and USE grew and weathered very volatile market conditions via a seamless partnership to achieve a very meaningful market position which shall be a very important foundation for our mutual success going forward."
Mr. Daniel Gruenauer, President of USE, commented, "In the past three years, we were truly impressed with ET Solar's support. The high quality products and services we have been receiving from ET Solar shall ensure continuous business growth of USE in both our domestic market and abroad. With all these, we are very much convinced that ET Solar is the right choice of USE's long term supplier."
About ET Solar
ET Solar is a vertically integrated downstream solar power product manufacturer and turnkey solution service provider. With local sales and marketing subsidiaries and offices in Asia, Europe, and North America, ET Solar has provided solar modules, solar tracking systems and turnkey solution services to its customers in over 50 countries.
Established in 2003, USE is a provider of photovoltaic systems with the head office in Holzgerlingen, Germany, and subsidiaries in several European countries. It provides distribution services and system solutions for solar professionals and PV power plant investors globally.
SOURCE ET Solar Group Corp.