NANJING, CHINA: ET Solar, a PV system turnkey solution service provider and integrated manufacturer of downstream PV products, recently announced a large annual module supply agreement with PM Service Srl. (PM Service). Under the agreement, ET Solar will supply 50MW of mono and multi-crystalline PV modules to PM Service in 2011.
Headquartered in Florence, PM Service is a fast growing PV product distribution and consulting company with an extensive national sales and marketing network in Italy. ET Solar has been PM Service’s major PV module supplier for about 3 years and this agreement has the largest annual supply volume.
Dennis She, CEO of ET Solar, commented: “The transaction is an important step to take our relationship with PM Service to the next level. Over the past three years, ET Solar and PM Service were very successful with the co-marketing strategy to grow our market share in Italy. We look forward to replicating our past success as we enter into 2011 when the Italian PV market development intensifies.”
Massimo Innocenti, chairman of PM Service, added: “As one of the leading PV product distributors in Italy, we view supplier relationship as a critical factor to our growth. With an excellent track record with ET Solar, we have strong convictions that we will continue to strengthen our competitive position and expand our footprint in the fast growing Italian PV market.”
Andrea Parrini, CEO of PM Service, said, “We are particularly excited with the integration roadmap that ET Solar is executing now. Higher level of integration will further ensure product quality and customer satisfaction.”