ET Solar Announced a 40MW Module Supply Agreement with USE for 2011

NANJING, China, January 24, 2011 - 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.

About USE

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.

Amanda Xu of ET Solar Group, +86-25-8689-8096 x9084, or fax, +86-25-8689-8097, or amanda.xu at etsolar.com