Etrion Buys Out Minority Shareholders and Optimizes Solar Portfolio in Japan
January 16, 2020, Geneva, Switzerland – Etrion Corporation (“Etrion” or the “Company”) (TSX: ETX) (OMX: ETX), a solar independent power producer, has closed a multi-step transaction to create significant value across its Japanese solar portfolio. Etrion acquired the minority interests of Hitachi High Technologies (“Hitachi High-Tech” or “HHT”) and Tamagawa Holdings (“Tamagawa”), optimized the related Japanese corporate structure and renegotiated the operations and maintenance (“O&M”) contracts for Etrion’s 56.8 megawatt (“MW”) solar portfolio in Japan. Etrion purchased HHT’s minority