ET Solar Announces Completion and Grid Connection of a 1.9MW PV Power Plant in Germany

NANJING, China, July 5, 2010 - ET Solar Group Corp. ("ET Solar"), a Nanjing-based PV system turnkey
solution service provider and integrated manufacturer of downstream PV
products announced completion and grid connection of a 1.9MW ground mounted
PV power plant in eastern Germany.

Located in Katharinenrieth, a village in Saxony-AnhaltI, the plant was
fully connected to the grid managed by Envia Netz, a large grid operator in
the region, on June 24th this year.

ET Solar's German engineering team provided full design and managed the
entire construction of the project with ET Solar's China manufacturing plant
supplying the PV module.

The plant has a 30-year designed life and is expected to generate
approximately 36 million kwh of electricity and reduce almost 22,000 tons of
carbon emissions over the 20-year subsidy period.

Wattner AG ("Wattner"), a Cologne-based investment trust specialized in
renewable energy investments, is the sole equity investor of the project via
its publicly raised SunAsset fund.

Dennis She, President of ET Solar, commented "Following the 1.5MW power
plant that we, as EPC contractor, delivered to Wattner last December, this
project further solidified our track record in providing turnkey solutions to
our customers and enhanced the bankability of our module products especially
projects financed by DKB. In addition to EPC contracting, we strive to expand
our service scope by arranging short/long-term financing and sourcing
investors going forward."

Guido Ingwer, Managing Partner of Wattner, commented, "We are very
pleased with the second power station that ET Solar designed and constructed
for us in Germany. We continue to be impressed with the design consistency
and execution efficiency that ET Solar achieved. We look forward to
converting more prospective projects to grid connected power plants with ET
Solar this year."

About ET Solar:

ET Solar is a vertically integrated downstream solar power products
manufacturer and turnkey solutions 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
solutions services to its customers in over 40 countries.

About Wattner:

Wattner is a Cologne-based investment and asset management company. Its
group companies acquire assets and projects, structure projects financially
and provide funding.

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