ET Solar to Build 70 MWp Solar Power Plant in the Philippines

The construction is expected to be started in the last quarter of this year and the commercial operation is expected to be achieved in March 2016.

NANJING, China, April 16, 2015 -- ET Solar, a leading smart energy solutions provider, announces that it has executed an agreement to build a 70 MWp solar power project in the Philippines, along with local partner GATE SOLAR PHILIPPINES CORP., a leading renewable energy developer.


ET Solar is partnering with GATE SOLAR PHILIPPINES CORP. to develop, invest, finance, construct, and operate the project. The construction is expected to be started in the last quarter of this year and the commercial operation is expected to be achieved in March 2016. ET Solar will be the co-development partner and technology sponsor, as well as the investor in the project.

Dennis She, President and CEO of ET Solar, said, "This is yet another large-scale project in Asia, and our first in the Philippines. It demonstrates our ability to handle every aspect of utility-scale solar plants from planning and financing, through construction, and all the way downstream to O&M. With our integrated capabilities and global experience, we are able to achieve the lowest possible LCOE.

"In this particular project, we were not only competing against other players for the contract; we were also racing against time to be eligible for the highest tariff rate. Once again, our ability to integrate all the required resources and move faster than other companies got us to the finish line first."

About ET Solar
ET Solar is a leading smart energy solutions provider. With innovative solar technologies and tailored financing solutions, ET Solar provides professional one-stop solutions across the entire solar power plant lifecycle including development, financing, engineering, procurement, construction, and operations and maintenance. To learn more about ET Solar, please visit http://www.etsolar.com.

Featured Product

sonnenBatterie eco

sonnenBatterie eco

Sonnen's mission is to provide clean and affordable energy for all. As the first mainstream grid tied residential energy storage company in the world and with 24,000 sonnenBatterie systems installed worldwide, sonnen is a proven global leader in intelligent energy management solutions. The all-in-one sonnenBatterie smart energy storage solution easily integrates with new and existing solar installations to help homes manage their energy throughout the day-saving money, providing backup power, and maximizing the effective use of solar power day and night. Sonnen has won several awards for its energy innovations, including the 2017 Zayed Future Energy Prize, MIT's Technology Review's 50 Smartest Companies in 2016, Global Cleantech 100 for 2015-2017, Greentech Media's 2016 Grid Edge Award for Innovation, and Cleantech's 2015 Company of the Year Award in both Israel and Europe.