ET Solar announces that its wholly-owned subsidiary ET Solutions AG (ET Solutions) has founded a Turkish subsidiary, ET Solutions Istanbul, to make a long-term commitment to the local PV market. ET Solutions Istanbul will provide Engineering, Procurement, and Construction (EPC) as well as Operations & Maintenance (O&M) services for these projects.
Construction of the first two projects, 1.1MW each, for an investor from Antalya, is scheduled for August, 2015. Both projects are expected to feed the grid at the end of September, 2015. ET Solutions Istanbul has also secured a two-year O&M contract. Overall, the company expects to begin construction of up to 50MW of solar plants in Turkey this year.
Dennis She, ET Solar's President and CEO, said, "I am delighted that ET Solutions is starting its first two EPC projects in Turkey, following the establishment of our Turkish subsidiary. With our local company and experienced staff, ET Solutions will be able to guarantee efficient project execution and full support to customers and partners.
"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."