ET Solar launches new monocrystalline module — EliTe Mono

ET Solar mono modules

ET Solar announces the global launch of its new generation monocrystalline module – EliTe Mono. All ET Solar’s monocrystalline modules are certificated by VDE and ETL, and have passed the strict tests under the standards of the International Electrotechnical Commission (IEC) and Underwriters Laboratories (UL). Compared with traditional PV modules, ET Solar’s monocrystalline modules are more durable and reliable, resulting in less degradation in extreme weather conditions.

By utilizing Passivated Emitter Rear Cell (PERC) technology to optimize module design, improve performance and reliability, ET Solar’s monocrystalline modules now offer higher performance, with Module Efficiency up to 18.75%. Even in weak light conditions, these modules maintain high-power generating efficiency.

RELATED: How new solar module technology lifts efficiency, limits price 

Patrick Guo, Executive Vice President of ET Solar, said, “We are pleased to launch this new generation of monocrystalline modules. By using PERC technology, our new monocrystalline modules have significantly higher power output.”

“Monocrystalline modules are increasing in demand because the installed capacity of distributed power plants is increasing. To meet this growing global demand, ET Solar continues to develop high-quality, high-performance solar products,” he added.

— Solar Builder magazine

ET Solar modules selected for 84-MW projects in North Carolina

ET Solar modulesCapital Dynamics, a global private asset manager, has selected ET Solar as its module provider for 14 solar power projects in North Carolina, with a combined capacity of 84.4 MW.

As a Tier 1 solar panel manufacturer, ET Solar has been chosen to supply ET-P672 310/315Wp Modules for the 14 ground-mounted PV projects, which range from 2.6 MW to 7 MW. The projects are being developed by Capital Dynamics, with project construction managed by DynaSolar EPCM, an exclusive solar PV program management partner.

RELATED: Panasonic’s new residential PV modules achieve 36 percent higher yield 

“We have been extremely happy with our cooperation with ET Solar,” said Shaughnessy Ryan, VP of Capital Dynamics. “The company’s industry-leading combination of high quality, competitive costs, reliable power output and dependable logistics were major reasons we decided to use ET Solar modules for our projects. Our past experience with ET Solar’s well-engineered modules gave us confidence our investments were secure.”

ET Solar says this PV module order is the second major project cooperation between the two companies; the first, in 2013-’14, included over 30 MW of module purchases for projects in Massachusetts and California.

ET Solar has provided solar modules and turnkey solution services to customers in over 90 countries. For more info, visit its website.

— Solar Builder magazine

Distributed Sun forms solar tax equity fund for unrated credit off-takers

solar financing

Distributed Sun announced the formation of sunFIVE, a solar tax equity fund. Managed by DSUN, sunFIVE will invest in commercial and industrial solar assets primarily with unrated credit off-takers. The fund closed its first transaction in July and plans to deploy $50 million in tax equity through Dec. 31, 2016.

In July, sunFIVE invested in a 1.8-MW photovoltaic project developed and constructed by GX Investment, a joint venture between ET Solar, an international PV manufacturer, and Jiangsu New Energy Development Company, Ltd. JSNE is a renewable energy developer and investor in China. The project will be owned and operated through a special purpose entity under the name Bakersfield 111 LLC. Power from the project will be sold through a 20-year, Power Purchase Agreement to Pacific Gas and Electric Co.

“Distributed Sun’s expert transactions team completed the required due diligence and investment swiftly,” said Boris Schubert, Group VP, Global Project Development of ET Solar. “We value their ‘get-the-deal-done’ attitude and their ability to overcome obstacles along the way. ET Solar would be pleased to work with Distributed Sun again.”

Jeff Weiss, Managing Director of DSUN, said, “We expect to see a growing demand for tax equity between now and the end of 2016 when the Investment Tax Credit is scheduled to stepdown. Those projects with commercial and industrial scale off-takers in the 500 kW to 5MW size range will increasingly need a unique, flexible and cost-effective tax equity investment option. DSUN’s dedicated tax equity funds are positioned to serve this industry segment.”

— Solar Builder magazine