ET Solar Announces Grid Connection of a 5MW PV Power Plant in Germany

NANJING, China, November 24, 2011 -

ET Solar Group Corp. (”ET Solar”), a China-based vertically integrated producer and provider of Photovoltaic (”PV”) modules and related solutions to the global solar market, today announces completion and grid connection of a 5MW PV power plant with ET Solar acting as both solar module supplier and EPC contractor.

Code named Boerde West, the ground mounted PV power plant is located approximately 150 kilometers west of Berlin, Germany. ET Solar’s subsidiary, ET Solutions AG, performed full Engineering, Procurement and Construction (EPC) tasks and ET Solar’s manufacturing subsidiary in China provided solar modules. The transaction is the fourth and the largest ground mounted PV power plant that ET Solar delivered, on turnkey basis, to Wattner AG (”Wattner”) in Germany since 2009.

Mr. Dennis She, President and Chief Executive Officer of ET Solar, commented: “Boerde West is just another endorsement to our strong project design and execution capabilities. With the solid build-up of our system track record in one of the world’s most quality demanding countries, we are well on track in growing our system business and executing on our downstream driven strategy.”

Mr. Guido Ingwer, Managing Partner of Wattner, added: “ET Solar has demonstrated to be a highly reliable EPC service provider. We look forward to solidifying our partnership with more success stories in the years to come.”

About ET Solar

ET Solar is a China-based vertically integrated producer and provider of solar modules and related PV solutions to the global solar market. With local sales and marketing subsidiaries and offices in Asia, Europe, and North America, ET Solar has provided solar modules, turnkey solutions services and PV balance of system components to its customers in over 50 countries. To learn more about ET Solar, visit www.etsolar.com.

About Wattner

Wattner structures projects financially, raises project equity and debt, arranges preliminary financing and engages into project controlling during the project realization and operation phases. To learn more about Wattner, visit www.wattner.de.

Lou Lu, +86-25-8563-2010 ext. 8060, pr at etsolar.com