China-based ET Solar to build 50 MW PV plants in Romania
China-based ET Solar Group Corp. said on Monday it has won contracts to build photovoltaic (PV) plants in Romania with a total capacity of 50 megawatts (MW) for Bucharest-based power supplier and energy trading company Tinmar-Ind.
"Over 20MW are now under construction and expected to be largely completed before the end of 2012. The grid connection and electricity feed-in is expected to take place in the first quarter of 2013," the company said in a statement.
The remaining 30 MW are currently under planning with construction scheduled to start before the end of this year.
The plants are located in the southwestern Romanian counties of Gorj and Dolj and the southwestern county of Giurgiu.
Under the agreement between ET Solar and Tinmar-Ind, ET Solar acts as the exclusive PV module supplier, and ET Solutions AG, the German subsidiary of ET Solar, provides engineering, procurement and construction and construction financing. ET Solar will also provide operations and maintenance services for the plants.
ET Solar Group Corp., a one-stop solar PV solution provider, established a Romanian subsidiary in Bucharest in July. 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 customers in more than 50 countries.
Tinmar-Ind, established in 2001, is controlled by Romanian businessman Augustin Oancea. Since 2008 Tinmar-Ind has expanded its electricity trading business into Hungary, Greece, Serbia, Bulgaria, Austria and Germany.