Etrion run Oria solar Park in Italy

GENEVA, Switzerland–(BUSINESS Wire)–regulatory News:
Etrion Corporation (“Etrion” or the “company”) (TSX: ETX) (OMX: ETX), an independent producer in the land of the rising sun-Puglia, Italy today announced Oria solar Park is completed.

Marco Northland, Etrion: ‘s CEO, commented, “we are pleased to announce built by SunPower Oria Sun Park is completed. We look forward to the rest of the 2 MW our SVE Portfolio in Italy before the end of the year. We are delighted to clean energy Puglia holidays lights. “

1 MW Oria-Park is expected to produce more than 1.7 million in the form of a one-hour (“kWh”) clean electricity and more than 600000 EUR earnings before interest, taxes, depreciation and amortization (“EBITDA”) per year.

The project will benefit from 2010, feed,-tariff 0.346 EUR/kWh and the market price of around € 0,08/kWh.

Italian feed, for payment of the purchase price for the premium tariff is a State-of-the-art solar electricity, which is guaranteed by the Italian Government, 20 years after the beginning of the activity.

1 MW Oria-Park in the country of the PV solar power plant is SunPower’s powerful PV modules and one axis tracker technology using Siemens inverters.

Centrobanca, Italian bank, where 83% 17,5 years, use of the loan for the financing of the project.

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