Etrion Announces Agreement to Sell Niigata Solar Project to Japanese Consortium for Total Cash Consideration of approximately JPY 6.3 billion
April 09, 2021 06:35 ET | Source: Etrion Corporation Etrion Corporation Vancouver, British Columbia, CANADA
GENEVA, Switzerland, April 09, 2021 (GLOBE NEWSWIRE) Etrion Corporation (“Etrion” or the “Company”) (TSX: ETX) (OMX: ETX), a solar independent power producer, today announces that Solar Resources Holding Sàrl (“SRH”), Etrion Services (Japan) K.K. (“ESJKK”) and Etrion (Japan) K.K. (“EJKK”), wholly-owned subsidiaries of the Company, have entered into agreements (the “Transfer Agreements)”) to sell their interests in the Company’s 45 MW Niigata solar project under construction (“Niigata Project”) with Renewable Japan Co. Ltd ( RJ ), and Daiichi Life Insurance Company Limited ( DL ) (collectively, the “Consortium”) for an aggregate net purchase price