UPDATE - Etrion done getting rid of non-core solar assets

Solar panels. Featured Image: Jackiso/Shutterstock.com

May 15 (Renewables Now) - Solar power producer Etrion Corp (TSE:ETX) said on Friday that with the sale of its interest in a Chilean photovoltaic (PV) plant it no longer has assets deemed non-core.

As announced earlier, Canada-based Innergex Renewable Energy Inc (TSE:INE) has acquired the 68-MW Salvador PV plant in Chile for USD 46.6 million (EUR 43m). Etrion said separately that it sold its 70% stake in the solar park to Innergex Renewable Energy Chile Spa.

“This was our last non-core asset outside of Japan which was carried at zero value on our balance sheet after being fully deconsolidated in September 2017. The Salvador sale allows Etrion to further streamline our corporate structure and to continue focus on maximizing the value of our platform in Japan,” CEO Marco Antonio Northland commented.

(USD 1.0 = EUR 0.925)

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