Etrion Completes Sale of 60 MW Mie Solar Project
October 23, 2020, Geneva, Switzerland – Etrion Corporation (“Etrion” or the “Company”) (TSX: ETX) (OMX: ETX), a solar independent power producer, announces that it has completed the sale of its investment interest in the Mie 60 MW solar project and received JPY 3.4 billion (approximately US$32.2 million). In addition, Etrion’s subsidiary, Etrion Japan KK, has been paid a development fee of JPY 300 million (approximately US$2.8 million). Earlier this month, Etrion Japan KK also received a payment of JPY 700 million (approximately US$6.6 million) as compensation for work performed to date.