Etrion inks PPA for 8.8-MW Chilean solar park

Jul 31, 2013 - Swiss solar power producer Etrion Corp (TSE:ETX, STO:ETX) on Tuesday said it had sealed a power purchase agreement (PPA) with Atacama Minerals Chile SCM for the output of a planned 8.8-MW solar farm in Chile.

The Swiss-based, Italy-focused solar power firm's plant will generate up to 23 GWh of power each year, covering around 35% of the power demand at Atacama Minerals' iodine mine in the north of Chile.

Etrion unveiled its project in January. It will invest about USD 25 million (EUR 19m) to build, own and operate the 8.8-MW Aguas Blancas solar farm. Some of the project's cost will be covered via non-recourse debt financing, while the rest of the equity amount will be provided by Etrion.

Etrion will launch construction of the solar park in the last quarter of 2013 and expects to bring it online in the second quarter of 2014.

(USD 1.0 = EUR 0.754)

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