New ET Solar is a group of photovoltaic people with clean energy dreams who are always dedicating themselves through continuous efforts and innovation, to provide customers with the highest quality and most reliable solar modules.
ET Solar Hong Kong Ltd. Has setup a new global supply chain solar cell and module in Southeast Asia, we have factory in Vietnam and Cambodia. The annual capacity in our Vietnam factory will be 2GW for solar cell, and in our Cambodia factory will be 600MW for solar cell and 1GW for solar modules.
In 2018, the United States’ “201” safeguard measures and China’s “531” new policy led to a sharp decline in global demand for Chinese-made photovoltaic modules and cells. Chinese photovoltaic manufacturers were severely affected, including ET Solar in China.
On February 11th, 2019, Wuxi Bardon Energy Technology Co. Ltd acquired ET Solar Inc. in California and then subsequently transferred the California entity to ET Solar Power Hong Kong Ltd. ET Solar Inc., is a California-based sales center. ET Solar Power Hong Kong Ltd is 100% owned by the new investor, Dereck Liu who also owns Wuxi Bardon Energy Technology Co., Ltd.
“To better serve our customers and speed up delivery times, the functions and positioning of the new ET Solar members are as follows: ET Solar Power Hong Kong Ltd. at its core is the headquarter for supply chain management. ET Solar Inc. in California is the sales and marketing center globally; the Southeast Asia module and cell factories located in Vietnam and Cambodia are focused on manufacturing.” Said Derek Liu.
Alex Chen, Head of Sales & Marketing of ET Solar, said “The industry was up and down in last 20 years, likewise ET Solar. We have gone through a tough time, but with the capital injection and management of the new shareholder, ET Solar Inc. has been operating well and signed more than 400MW of new deals in the United States since the beginning of 2019. We are fully confident in the future, and expect to sign more than 2GW pipeline globally in 2020.”