ET Solar Announces Completion and Grid Connection of a 2.9MW Power Plant in Germany

By Et Solar Group Corp., PRNE
Thursday, February 24, 2011

NANJING, China, February 25, 2011 - ET Solar Group Corp. ("ET Solar"), a China-based vertically integrated
manufacturer of PV products and photovoltaic ("PV") system turnkey solution
provider, announced completion and grid connection of a 2.9MW ground mounted
PV power plant for Wattner AG ("Wattner") where ET Solar acted as the EPC
contractor and module supplier.

Located in Frankenberg, the power plant covers a total area of 6.5
hectares. Construction started in September 2010 and grid connection was
achieved in December. The plant was designed to generate approximately 2.6
million kWh electricity annually and reduce nearly 45,000 tons of carbon
emission over a 30-year life.

The project is the third ground-mounted power plant that ET Solar
engineered, procured equipment for and constructed for Wattner using ET Solar
modules in Germany. The three projects totaled more than 6.2MW and are
located in three different sites across the country.

Dr. Linhui Sui, head of ET Solar's European system operations, commented,
"We are very excited with the completion of the third power plant for
Wattner. The project further proved our strong design, internal module supply
and project management capabilities and solidified our track record in the
world's leading PV market. We look forward to continuing to provide system
services to our customers in other markets."

Mr. Guido Ingwer, Managing Partner of Wattner, added, "We are very
satisfied with ET Solar's project execution capabilities given the timely
completion of the Frankenberg project amid extremely severe weather
conditions. Furthermore, the higher-than-designed performance ratios of the
1.9MW Paehl project over the 1-year operating period clearly proved ET
Solar's robust plant design capabilities and module quality, and added good
investor value for us."

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 leading developer, financier and operator of solar power
plants. The company is privately owned; its managing director is Ulrich
Uhlenhut. Wattner has a global target pipeline of 500 MW of solar projects by
2012 in countries across Europe, North America and emerging markets.

Amanda Xu, ET Solar Group, +86-25-8689-8096, +86-25-8689-8097(fax)

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