Etrion Completes Sale for JPY 8.252 billion of Three Japanese Operating Solar Projects to Japanese Consortium
June 22, 2021, Geneva, Switzerland – Etrion Corporation (“Etrion” or the “Company”) (TSX: ETX) (OMX: ETX), a solar independent power producer, today announced that it has completed the sale of its 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 companies established by Development Bank of Japan Inc., Kansai Electric Power Co., Inc. and Osaka Gas Co., Ltd. (collectively the “Consortium”), for gross proceeds of JPY 8.252 billion (or USD 74.8 million). The proceeds of such sales, together