ET Solar Group Corp. has signed an agreement for the turnkey construction of solar power plants for Wattner Group, a German initiator of closed-end energy and infrastructure funds.
Under the agreement, ET Solutions AG, the solar power solution arm of ET Solar, will deliver solar installations to Wattner worth of 200 million EUR. The solar power plants will be constructed primarily in southern Europe within the next five years.
The agreement covers the complete lifespan of the solar construction fund Wattner SunAsset 1. This publicly raised fund has made its first investment decision with Solarpark Penig, an installation featuring approximately 12,000 solar panels.
SOURCE: ET SOLAR