ET Solar founded a Turkish subsidiary

EnergyNewsSouth-East European INDUSTRIAL Мarket - issue 3/2015

The leading clean energy developer ET Solar has announced the establishment of a Turskish subsidiary, ET Solutions Istanbul. The company will pursue long-term commitment to the local PV market and will provide Engineering, Procurement, and Construction (EPC) as well as Operations & Maintenance (O&M) services.

ET Solutions Istanbul recently concluded term sheets with some investors for significant PV projects in Turkey and is in the final stages of negotiation with others. The first two projects were signed with an investor from Antalya and scheduled for August 2015.

In order to satisfy its investors’ needs, ET Solutions Istanbul has secured two-year O&M contracts and will give a performance ratio guarantee for the respective years. The projects for the company’s first two PV plants are based on German engineering from the EMENA headquarters in Munich, Germany, and will include Tier 1, high-quality ET Solar modules.

”In addition to EPC services, ET Solutions is also able to offer project financing from Turkish and international banks, as well as the ability to expedite TEDAS approvals and permits. By taking care of every step in the process, ET Solutions offers end-to end, turn-key projects. Both investors and customers are in good hands with ET Solutions,” said ET Solar President and CEO Dennis She.

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