•  
  •  
  •  

to-the-point: Etrion gets paid in full for sale of rights to 45-MW solar project

Aomori solar park in Japan. Source: Etrion (www.etrion.com).

September 12 (Renewables Now) - Solar power producer Etrion Corp (TSE:ETX) has received the final instalment of JPY 200 million (USD 1.85m/EUR 1.7m) stemming from an agreement to sell the rights to the 45-MW Kumamoto solar park project in Japan.

The Japan-focused company reached last December an agreement to transfer all the rights to the Kumamoto project to the original developer for a total consideration of JPY 610 million.

The final instalment arrived on Tuesday after certain conditions associated with the permitting of the project were met, Etrion said yesterday.

The Kumamoto project is located in the namesake prefecture on Japan’s Kyushu island.

(JPY 100 = USD 0.93/EUR 0.84)

More stories to explore
Share this story
Tags
 
About the author

Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription