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ET Solar Sells a Utility Scale Power Plant to Lightsource
2014.04

Munich, Germany, April 8, 2014 -- ET Solar Energy Corp. ("ET Solar"), a leading smart energy solutions provider, announces that its German subsidiary ET Solutions AG, based in Munich, Germany, has completed a sales transaction of a ground-mounted photovoltaic plant with a capacity of 8.4 MWp with Lightsource Renewable Energy Ltd (“Lightsource”), the leading solar investor in the United Kingdom.

This solar power plant “Pyde Drove” is about 40 miles south-west of Bristol and was grid-connected on March 27th. It will be accredited under the 1.6 ROC scheme.

Mr. Dennis She, President and CEO of ET Solar, commented: “We are happy to work with Lightsource in the UK market. With the advantage of being a fully-integrated one-stop solution service, we are able to provide cost-competitive investment grade power plants for investors and funds in such mature markets like the UK.”

Mr. Nick Boyle, CEO of Lightsource, commented: “We made the decision to work with ET Solar because it has both bankable EPC service and products, and we firmly believe this project is the first of many projects our two companies will develop together in the very near future.”

ET Solar and Lightsource signed a memorandum of understanding (MOU) on a collaboration of 50MWp power plants last week.


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