ET Solar Completes 50MW PV Projects in Romania

MUNICH, June 17, 2013 /PRNewswire/ --ET Solar Group Corp. ("ET Solar"), a leading solar one-stop solution provider, announces the completion of three photovoltaic plants with a combined capacity of 28MW for Tinmar-Ind S.A. ("Tinmar"), one of Romania's largest electricity suppliers and traders. These three projects combined with 22MW completed for Tinmar in April bring ET Solar's cumulative total to 50MW in Romania in 2013.

These three plants are located in Targu Carbunesti, Gorjcounty, and Simnicu de Sus, Dolj county. ET Solar is the sole PV module supplier, while ET Solutions AG, the Munich based subsidiary of ET Solar dedicated to turnkey EPC service, provides engineering, procurement and construction services, as well as construction financing. ET Solutions' Romanian branch will provide Operations & Maintenance service to Tinmar for all three plants.

Mr. Dennis She, President and CEO of ET Solar, commented: "The achievement of grid connection for these three photovoltaic plants is a result of seamless coordinated work among our team in Munich and Bucharest. It further demonstrates that we are transferring ourselves to a global EPC company. We are committed to further growing our project solutions business to other emerging markets with both our existing and new customers on a win-win basis. "

Mr. Augustin Oancea, CEO of Tinmar, added, "After completing the first 3 projects early this year with ET Solar, we are very happy to achieve another major victory. We are impressed by their professional engineering service, high quality project execution, and full dedication for on-time project delivery."

About ET Solar

ET Solar is a global leader in providing solar one-stop solutions. With local sales and marketing subsidiaries and offices in Asia, Europe, and North and South America, ET Solar has provided solar modules, turnkey solution services and balance of system components to its customers in over 50 countries. To learn more about ET Solar, please visit http://www.etsolar.com.

About Tinmar-Ind

Established in 2001, Tinmar-Ind is the biggest privately owned Romanian energy provider. Based in Bucharest, since 2008 Tinmar-Ind has expanded its electricity trading business into other European markets: Hungary, Greece, Serbia, Bulgaria, Austria and Germany. To learn more about Tinmar-Ind, visit http://www.tinmar.ro