ET Solar Group Corp. a Nanjing-based manufacturer of photovoltaic products has announced that it has signed a module sales agreement with Techwin Co Ltd, a Korean company specializing in plant engineering and environmental technology development.
Under the contract, ET Solar will supply 500 kilowatt of PV modules to Techwin, in the third quarter of this year.
Commenting on the news, Xinghua Wang, CEO and chairman of ET Solar, said: "We are very excited to establish business relationships with significant Korean PV plays like Techwin. The 500 kilowatt PV module agreement represents ET Solar's first transaction in the burgeoning Korean PV market. Following the module sales agreements that we signed in the Italian and French markets, this agreement further demonstrates our strong market penetration capabilities and effective geographic diversification efforts. In the next few months, we expect to develop new relationships and become a more significant solar equipment supplier in the fast growing Korean PV market."
Sang-Ik Park, senior managing director of Techwin, commented: "We are delighted to announce this module sales agreement with ET Solar, which provides high quality PV modules. ET Solar is expanding rapidly and we are looking forward to building a stronger business relationship with ET Solar in the future."
ET Solar is a vertically integrated solar component manufacturer. Headquartered in Nanjing, China, ET Solar has two manufacturing facilities in Taizhou, China. The company's diversified products range from mono- and multicrystalline ingots, mono- and multicrystalline silicon wafers, modules, dual-axis tracking systems and BIVP products. The company has Marketing and after-sales services throughout the United States, Germany, Italy, Spain, and Korea.
Techwin is a leading Korean company in plant engineering and environmental technology development. Techwin's maintenance business serves chemical plants, electric, gas and water utilities as well as industrial and commercial customers, with a broad range of products, systems and services based on IT.