Etrion Announces Agreement to Sell Three Japanese Operating Solar Projects to Japanese Consortium for Total Cash Consideration of approximately JPY 8.252 billion.
March 31st, 2021, Geneva, Switzerland – Etrion Corporation (“Etrion” or the “Company”) (TSX: ETX) (OMX: ETX), a solar independent power producer, today announced that Solar Resources Holding Sàrl and Etrion Japan K.K., wholly-owned subsidiaries of the Company, have entered into agreements (the “Transfer Agreements)”) to sell their interests in the Company’s 13.2 MW Komatsu, 24.7 MW Shizukuishi and 9.3 MW Mito operating solar energy projects (collectively the “3 Projects”) to three Japanese companies, GK Komatsu Solar, GK Shizukuishi Solar and GK MITO Solar (collectively the “Consortium”),