MUNICH, June 3, 2014 /PRNewswire/ -- ET Solar Energy Corp. ("ET Solar"), a leading smart energy solutions provider, announces that ET Solutions AG, its wholly owned PV power solution provider in Germany, signed a contract to design and build a 1MWp rooftop PV system for Hans Segmuller Polstermobelfabrik GmbH & Co. KG ("Segmuller"), one of the largest furniture retailers in Germany.
Owned by Segmuller, the rooftop system will be installed at its outlet store in Weiterstadt, Hesse, one of the seven stores that Segmuller operates in the country. With focuses on minimizing levelized cost of energy and maximizing power production, ET Solar engineers have crafted a design where Segmüller will be able to achieve 95% self-usage of solar energy produced by this rooftop system.
The system will help Segmuller achieve a total saving of up to 18.5 GWh over its lifespan and generate very good return on investment without dependence on the German EEG-based feed-in tariffs, which is potentially subject to a major overhaul.
Dennis She, President and CEO of ET Solar, commented, "With the substantial reduction in German PV subsidies over the past years, our drive for smart innovations continuously deliver strong system designs that make the economics work. In particular, we are pleased that we have the opportunity to work with Segmuller, a prominent brand in Germany, for which, we have a strong potential to implement more solar projects on self-consumption basis in the near future. Our project solution team is committed to providing our commercial customers with innovative solutions for sustainable and cost-efficient energy."
Peter Hauk, Head of Technical Procurement at Segmuller added, "With rising energy bills, we decided years ago that we would need to invest in renewable power generation facilities to strengthen our sustainable competitiveness. By working with ET Solar, we finally found the solution we were looking for. In addition to PV energy, using other energy efficiency solutions like LED lighting and less air-conditioning, our goal is not only to save costs, but also reduce our carbon footprint in the long term."
About ET Solar
ET Solar is a leading smart energy solutions provider. With innovative solar technologies and tailored finance solutions, ET Solar provides professional one-stop solutions throughout the entire solar power plant lifecycle, that includes development, financing, engineering, procurement, construction, and operations and maintenance. To learn more about ET Solar and ET Solutions, please visit http://www.etsolar.com & http://www.etsolutions.de.
Segmuller, founded in 1925, is one of the largest furniture retailers in Germany. Mainly operating in the region of south Germany, Segmuller offers in 7 outlets high quality furniture from living rooms, over kitchen and bathroom to sleeping room as well as textiles and home accessories to its customers. To learn more about Segmuller, please visit http://www.segmueller.de.
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SOURCE ET Solar Energy Corp.