Etrion’s solar power output grows 6% Y/Y in Q3 2013

Oct 31, 2013 - Swiss-based solar power producer Etrion Corp (TSE:ETX, STO:ETX) said today its solar parks had generated 37.7 million kWh of power in the third quarter of 2013, marking a 6% increase from a year earlier.

The solar power output of the company’s 17 solar parks of 60 MW in total, situated in Italy, also exceeded Etrion’s projections by nearly 5%. The improvement in the reporting period was mainly attributed to better weather conditions. “Our solar operations continue to perform better than expected due to high solar irradiation and efficient asset management”, said CEO Marco A Northland.

The firm reported a 99.4% weighted average availability for its solar parks in July-September, as compared to 98.5% in the same period of 2012.

For 2013, Etrion expects its solar power generation to exceed 100 million kWh.

Earlier this month, Etrion said it had disposed of its non-core legacy oil and gas assets so that it could fully focus on the field of solar power generation. It has been paying more attention to the renewable power business since acquiring Solar Resources Holding Sarl in September 2009. In addition, it develops solar power schemes in Chile, where it works on a 70-MW solar park in collaboration with France’s Total SA (EPA:FP).

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