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Publish Date : 16-Jun-2016

ET Energy, a business involved in the green energy development space, ET Energy has announced that it has founded a new South African subsidiary ET Solutions South Africa Pty Ltd., which will offer engineering, procurement and construction (EPC) services, along with operations and maintenance (O&M) for large-scale solar energy facilities.

The companys CEO Dennis She disclosed, ET Energy's new subsidiary in South Africa demonstrates our confidence in the vast opportunities in this region. Africa has abundant sunshine, yet an estimated 600-million people lack proper access to electricity.

In view of the competitive pricing of photovoltaic devoid of any subsidies while comparing with fossil fuel prices, Africa is capable of becoming power-independent region by the use of its own resources, according to She.

ET Energy has been successful to secure a 130MW package of projects as part of the 4th round of bidding under the Renewable Energy Independent Power Producer Procurement Programme of South Africa by a local investor.

It is anticipated that construction work will be begun at the end of Q3, 2016.

CEO She has also disclosed that they have fixed goals of completing another EPC service of 300MW within the next 24-month period involving the South African and other sub-Saharan African marketplaces.

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