“Partnership will allow ENTELIN to expand its activities, foster its leadership in Latin America and accelerate growth”

Panama, June 10th 2009

ENTELIN and Grupo ECOS announced today that Grupo ECOS via its Ecos Sustainable Equity Fund, Inc. has invested an undisclosed amount in ENTELIN taking a 46.4% stake in this leading Latin American downstream integrated solar and photovoltaic Corporation.

ENTELIN is a private Corporation with operational Headquarters in Lima-Peru. The Company manages a network of own offices in Peru, Venezuela and Dominican Republic and sales representatives in Panama, Mexico, Brazil, Chile, Bolivia, Ecuador and Argentina. The Company was founded in year 2007 by former Top Executives from high reputation Companies as Solarex, BP Solar and Total Energie.

ENTELIN is an Authorized Distributor for SUNTECH, WEBEL SOLAR and MORNINGSTAR products. The Company also sells and integrates products from high reputation BOS suppliers as XANTREX, SMA, CAPSA-MAC, EIA and Grupo PIM. ENTELIN offers to the Latin American market integrated services in the photovoltaic and renewable energy sector; project management and installation services with the highest quality standards.

Through its Investment Management company, Grupo ECOS (founded by Swiss partners committed with Latin America) manages two Private Equity / Investment Funds (Ecos Sustainable Equity Fund, Inc. and Ecos Forestry Fund, Inc.), both with an investment focus in Latin America in small and medium sized companies with growth potential, active in sustainable development.

Mr. Augusto Hagel, General Manager of ENTELIN has declared “This is a tremendous opportunity to combine Grupo ECOS and ENTELIN synergies with the clear goal of strengthening and enlarging our presence in the Latin American solar market. At ENTELIN, our strategy is focused in serving our customers with simple and efficient criteria: availability of products, high quality with international certificates, attractive and stable prices as well as association agreements with local enterprises for the carrying out of projects in the area of renewable energy”.

Mr. Salvador Escobedo, Investment Manager at ECOS and responsible for this investment, stated the following: “We believe the two organizations form a perfect match. The partnership will provide capital for ENTELIN at a strategic moment for the Latin American renewable energy sector which is experiencing increasing investment attractiveness and therefore greater demand for such products and services”

Grupo Ecos,
www.grupoecos.com, info@grupoecos.com

ENTELIN
www.entelin.com, info@entelin.com

Tags: Grupo ECOS, Entelin, Augusto Hagel, Salvador Escobedo, Suntech, Webel Solar, MoningStar, BOS, Xantrex, SMA, Capsa-Mac, EIA, Gro PIM

During 2008, ENTELIN has already opened offices in Peru (January), and in a short period of time will be opening others in Mexico (July) and Brazil (August). We will soon be sharing news concerning the new associates who will add up to this great family, leader in the development of alternative energies: ENTELIN.

Entelin’s fast growth attracted the attention of the biggest players in the alternative energies’ world. One of them focused on our Chairman. We are proud to announce that our Chairman-CEO, Ing. Luis Raygada, has been appointed as Latin America Director for SUNTECH Corporation, a very important world leader in solar energy developments.

This appointment makes us all ENTELIN workers feel very proud and reflects the quality of the professionals in our team. Ing. Raygada will soon reside in San Francisco, California, home of SUNTECH’S headquarters for the Americas, and has resigned his post in ENTELIN, a company with which he will remain linked, as a shareholder and founder.

SUNTECH is the second largest company in the world dedicated to manufacturing solar cells and modules with revenues of more than USD 1,400 Millions in 2007. According to recent manufacturing trends, SUNTECH (a Chinese company quoted at the New York stock market as NYSE: STP) will become the first worldwide producer in 2009.

This is a win-win operation, because since now ENTELIN has become an Authorized Distributor for SUNTECH, enlarging the range of products in an each day more demanding market in constant growth.
Grateful for the hard work carried out by Ing. Raygada and the way he led our operations towards an important growth in the countries where we perform, we wish him the best, hoping to stay in touch with him in the professional field, in his new post.

The name of the person replacing Ing. Raygada, and new Chairman of ENTELIN, will be informed in the next weeks.

Tags: Luis Enrique Raygada, Suntech

The global intense demand of alternative energies, especially the one produced by photovoltaic technology, obliges ENTELIN to continue growing and extending the variety of alternatives and solutions offered to the clients in Latin America.

Following the above mentioned, ENTELIN has decided to stop working with WEBEL products in an exclusive way, offering its clients a portfolio with even more solutions.

ENTELIN will continue opening offices throughout Latin America and will also continue working with WEBEL as an Authorized Distributor for the region. These changes will enter in force as of July 1st, 2008, so there is more to be expected soon from ENTELIN.

Tags: New Offices

We are pleased to announce that -on November 1, 2007- the companies ENTELIN and WEBEL SOLAR have signed a Strategic Association Agreement.


WEBEL SOLAR is the second largest manufacturer of photovoltaic solar cells and modules in India. ENTELIN is a recently created Latin American company (Venezuelan) constituted by Venezuelan, Peruvian and French capitals, that plans to extend a commercial network in the United States, Spain, Brazil, Mexico, Peru, Argentina, Chile, Bolivia, Ecuador, Colombia and Venezuela.

ENTELIN´s recently named Chairman-CEO is Mr. Luis Raygada, a person who has performed several top management responsibilities with an acknowledged trajectory mainly in the Latin American PV market in Companies such as SOLAREX, BP SOLAR and TOTAL ENERGIE-TENESOL. Concerning this Agreement, Mr. Raygada stated the following: “This Agreement, with a perspective of several years, will allow a High Tech Company from India like WEBEL and a Latin American Company specialized in PV marketing and RE projects development, like ENTELIN, to start the second decade of the 21st century with a new vision concerning the sources of renewable energy and its application in the electricity market for the countries that belong to the Annex 1 of the Kyoto Protocol as well as for the emerging countries. Putting emphasis in the excellence in the manufacturing of the WEBEL photovoltaic cells and modules, our offer for the international PV market will be focused in a simple and efficient criteria: availability of products, high quality with international certifications, attractive and stable prices as well as association agreements with local enterprises for the carrying out of projects in the area of renewable energy”.

On the other hand, the President – CEO of WEBEL SOLAR, is Mr. Agarwall, who with an avant-garde businessman vision is achieving the growing of his Company in a modern, sustained and solid way. Mr. Agarwall stated the following: “This Agreement with ENTELIN will allow us to assert the commercial growth of our factory of solar cells and modules from the current levels of 30 MW to a capacity of more than 100 MW by the year 2010. Also, with the creation of our new manufacturing lines, we will be opening new business units that will work with the main renewable energy sources available in the market. We want our clients to appraise the creation of a reliable Corporation in high demanding markets such as those of Europe and America that will allow us with full guarantee to be in the same level as the world’s leading photovoltaic cells and modules manufacturers, as well as the companies committed to the sustainable development of humanity and environment”.

From the Editors:
WEBEL is an Indian company listed in the Stock Market of Bombay and its shareholders are highly committed to the preservation of the environment. ENTELIN is a Venezuelan company fully adhered with the guidelines of a market social economy for Latin America.

Ms Luisa Mayorca
Communications Manager ENTELIN (mayorcal-at-entelin-dot-com)
Mr. Ambarish
Commercial Manager WEBEL (ambarish-at-webelsolar-dot-com)

Tags: Agarwall, Entelin, Raygada, Webel Solar, India, CEO, Latin-America