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China’s ET Solar partners with Marigold for solar power projects in India

ET Solar signs cooperation framework agreementwith Marigold Steel to tap opportunities in Indian solar market

Solar power plant development
ET Solar has partnered with Marigold Steel & Power to develop solar power projects in India

China’s ET Solar Group and Marigold Steel & Power, an Indian engineering consultancy firm, have signed a cooperation framework agreement to jointly develop solar power projects in India. According to the agreement, ET Solar will provide EPC services for solar power projects undertaken by Marigold.

Dennis She, president and CEO of ET Solar, said:  “Rising electricity demand, high irradiation levels and favorable government policies are driving the growth of the solar industry in India.We’ve made inroads here, transforming ourselves to a turn-key solutions player that provides value added services and makes a real difference.” 

B. Prabhakar, director of Marigold, added: “ET Solar enjoys a good reputation in the Indian solar market for its high quality products and engineering expertise. We are particularly impressed by ET Solar’s value added services on design, procurement and technology consultation in addition to the high quality modules it provided. We very much look forward to working with ET Solar as we execute our project pipeline in the years to come. ”

As a co-development partner of Marigold, ET Solar recently delivered 1MW high quality and high-efficiency PV modules for Indo-National’s solar power plant in Andhra Pradesh. The power plant will be fully constructed and connected to the grid by the end of 2013.

Prabhakar said: “Industrial players installing solar systems to power their own manufacturing facilities is becoming increasingly popular as it does not rely heavily on incentive schemes, has no restrictions on system size and makes industrial customers independent from fluctuations in energy prices. This is a very promising field for Marigold and ET Solar going forward.”