Etrion Closes Project Financing with Natixis, WestLB and Mediocreval
December 6, 2010, Geneva, Switzerland – Etrion Corporation (“Etrion” or the “Company”) (TSX: ETX) (OMX: ETX), an independent solar power producer, has closed project financing for the construction of four solar power plants in Italy with a total capacity of 15 MW. Etrion arranged the financing with Natixis, WestLB and Mediocreval. The non-recourse senior loan facility is for approximately 57 million euros and has an 18-year term. Marco Northland, Etrion’s CEO, commented, “We are pleased to close the financing of our latest 15 MW portfolio in Italy. The Borgo Piave 3.5 MW park and the