ETRION - vormals Petrofalcon - 500 Beiträge pro Seite

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About etrion

With strong capital resources
With strong capital resources, deep knowledge of the alternative energy industry and experienced management team, etrion is focused on developing, financing, building, owning and operating electrical power plants based on renewable sources of energy, including solar photovoltaic, solar thermal and wind globally.



Supported by the worldwide experience
Supported by the worldwide experience, capital and assets of The Lundin Group – one of Europe’s leading natural resource companies – etrion acquires, develops and operates “green” power generation projects. Our customers and energy partners include developers, technology suppliers, governments, utilities, and industrial/commercial end users.



etrion identifies promising renewable energy opportunities
etrion identifies promising renewable energy opportunities in Europe, the Middle East, Africa, Latin America and other parts of the world. etrion´s philosophy is to move quickly build “win-win” partnerships in today’s dynamic energy markets with the ultimate goal of producing low cost clean KWh.



In every aspect of our operations, etrion is committed to the highest level of corporate ethics and values, empowering our workforce and building trusted, long lasting relationships with suppliers, customers and stakeholders.

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PRESS RELEASE

Etrion Closes Acquisition of 4 MW Italian Solar Power Project and 17 million Euro
Debt Financing

November 5, 2009, Toronto, Ontario – Etrion Corporation (“Etrion” or the “Company”)
(TSX: ETX), a Canadian energy company, has closed the financing for the construction
of four solar power plants in southern Italy with an aggregate capacity of four megawatts
(MW). The ground-based solar photovoltaic power plants, once built, will generate
approximately 6.8 million kilowatt hours (kWh) per year, enough electricity to power
more than 650 homes.

The Company arranged the financing with Centrobanca, an Italian bank owned by the
UBI Group. The total project cost is approximately EUR 20.7 million, and the non-
recourse loan provided by Centrobanca is for EUR 17.2 million or 83% of the anticipated
cost. Concurrent with the financing, a subsidiary of Etrion committed the balance of
EUR 3.5 million.

Marco Northland, the Company’s CEO, commented, “We are pleased to close the
acquisition and financing of our first renewable energy project in Italy. We expect the
solar power plants to be operational by the summer of 2010. This is the first of several
initiatives we are developing in Europe and plan to realize in 2010 through a combination
of co-development efforts and the acquisition of existing projects.”

Construction of the first project is targeted to begin by the end of November 2009, and
the Company’s first electricity sales under the Italian feed-in-tariff regime are expected
during the third quarter of 2010.

About the Company

Etrion Corporation is a Canadian energy company based in Geneva, Switzerland and
listed on the Toronto Stock Exchange (ticker symbol “ETX”). The Company is focused
on developing, financing, building, owning and operating global electrical power plants
based on renewable sources of energy, including solar photovoltaic, solar thermal and
wind. Etrion continues to own oil and gas investments in Venezuela acquired by its
predecessor, PetroFalcon Corporation.

The Company is owned 45% by Lundin Petroleum, a Swedish independent oil and gas
company traded on the Nordic Exchange (ticker symbol “LUPE”), approximately 10% by
Vinccler CA, a Venezuelan construction firm specializing in large infrastructure projects,
and approximately 9% by the Lundin family through various trusts.

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PetroFalcon Closes Acquisition of Solar Resources, Renames Company Etrion
Corporation and Changes Ticker Symbol to ETX

September 14, 2009, Toronto, Ontario – Etrion Corporation, formerly PetroFalcon
Corporation, (“Etrion” or the “Company”) (TSX: PFC) has closed the previously
announced acquisition of 90% of the outstanding shares of Solar Resources Holding Sarl
(“SRH”), a private renewable energy company, from Lorito Holdings Srl (“Lorito”) and
other parties.

At the Company’s Annual and Special Meeting (“AGM”) on September 10, 2009,
disinterested shareholders approved certain aspects of the acquisition of SRH, and the
following board members were elected: Ian Lundin (Chairman), Ashley Heppenstall,
John Craig, Clancy Cottman and Marco Northland.

Following the AGM, the Company completed the acquisition of 90% of SRH at cost for
2.3 million Euros (US$3.4 million) in cash. Etrion also advanced a loan to SRH in the
amount of 1.35 million Euros (US$2.0 million) in order to repay an equivalent amount
advanced to SRH by Lorito. Lorito is an investment company wholly owned by a Lundin
family trust. The remaining 10% of SRH continues to be held by Mr. Northland.

Concurrent with the closing of the acquisition, the name of the Company was changed to
“Etrion Corporation,” and Mr. Northland was appointed as CEO of the Company. The
common shares of the Company will commence trading on the Toronto Stock Exchange
under the new symbol “ETX” on or about September 16, 2009.

Marco Northland, the Company’s new CEO, commented, “I am pleased to close the
acquisition, and I look forward to growing Etrion as an independent power producer in
the renewable sector. Etrion will initially focus on building, owning and operating solar
energy projects in Europe where government guaranteed premium electricity rates and
non-recourse bank financing create attractive returns. Our first solar power plants in
southern Italy are anticipated to begin operation in 2010. Etrion is well positioned to
become a global renewable business with our pipeline of development projects, our
strong net cash position and the financial support of our major shareholders.”

The initial Italian solar projects are expected to be funded more than 80% by long-term
non-recourse loans from an Italian bank, with the balance funded by the Company.
Construction is estimated to last six to nine months, and the first electricity sales are
expected during the third quarter of 2010.

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19.11.2009 13:05
Etrion and SunPower Partner on 4-Megawatt Italian Solar Power Plants

TORONTO and SAN JOSE, Calif., Nov. 19 /PRNewswire-FirstCall/ -- Etrion Corporation (TSX: ETX), a Canadian energy company, and SunPower Corp. , a US-based manufacturer of high-efficiency solar cells, solar panels and solar systems, today announced an agreement to build four solar power plants, totaling four megawatts, in the Puglia region of southern Italy. SunPower will design and construct the plants, and provide operations and maintenance services.

Etrion CEO Marco Northland commented, "Solar power generation will play an increasingly vital role in our efforts to build more renewable, clean energy sources. SunPower's experienced approach to solar power plant design and construction will allow us to quickly and reliably complete these important projects."

SunPower is installing proprietary SunPower® Tracker technology at the Italian sites. The Tracker follows the sun during the day and delivers up to 25 percent more energy than fixed-tilt systems, while significantly reducing land use requirements.

The Italian bank, Centrobanca, is providing 83 percent of the financing for the project, while an Etrion subsidiary is contributing 17 percent of anticipated project costs.

"SunPower offers a unique value proposition to power plant developers in terms of technology and bankability. Our proprietary Trackers optimize our clients' return on investment while our solid balance sheet and rigorous contract guarantees give financial institutions confidence," said SunPower European Sales Director Mario Riello. "We are very pleased to partner with Etrion to deliver clean, reliable solar power to the rapidly expanding Italian market."

Construction of the first of the four projects is targeted to begin by the end of this month. The first electricity sales from the projects under the Italian feed-in-tariff regime are expected during the third quarter of 2010.

SunPower has more than 500 megawatts of solar power plants installed or under contract around the world, including Italian power plants such as the 24-megawatt Montalto di Castro plant and a 5-megawatt plant in Tolentino. SunPower's Italian operations are located in Milan and Faenza.

About Etrion

Etrion Corporation is a Canadian energy company based in Geneva, Switzerland and listed on the Toronto Stock Exchange (ticker symbol "ETX"). Etrion is focused on developing, financing, building, owning and operating global electrical power plants based on renewable sources of energy, including solar photovoltaic, solar thermal and wind. For additional information, visit http://www.etrion.ch/.

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Jan 18, 2010 07:00 ET
Etrion to Present at Pareto Securities Renewable Energy Conference

TORONTO, ONTARIO--(Marketwire - Jan. 18, 2010) - Etrion Corporation ("Etrion" or the "Company") (TSX:ETX), a Canadian energy company, announced today that the Company's CEO, Marco Northland, will be presenting at the Pareto Securities Power & Renewable Energy Conference in Oslo, Norway on Wednesday, January 20, 2010, at 3:00pm Central European Time.

A copy of the presentation will be available on Etrion's website at www.etrion.ch.

About the Company

Etrion Corporation is a Canadian energy company based in Geneva, Switzerland and listed on the Toronto Stock Exchange (ticker symbol "ETX"). The Company is focused on building, owning and operating global electrical power plants based on renewable sources of energy, including solar photovoltaic, solar thermal and wind.

The Company is owned 45% by Lundin Petroleum, a Swedish independent oil and gas
company traded on the Nordic exchange (ticker symbol "LUPE"), and approximately 13% by the Lundin family through various trusts.

For additional information, please visit the Company's website at www.etrion.ch.

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19.01.2010 16:52
Etrion explores dual listing in Sweden, shares jump



Jan 19 (Reuters) - Canada's Etrion Corp said it was exploring a dual listing of its common shares on the Nasdaq OMX exchange in Stockholm, sending its shares up as much as 13 percent.

'The Swedish market in particular has shown a strong interest in renewable investments,' Chief Executive Marco Northland said in a statement.

The energy company said it engaged Swedish investment bank Carnegie to advise it on the dual listing process.

Shares of the Calgary, Alberta-based Etrion, which has exploration and production assets in Venezuela, were up 13 percent, or 9 Canadian cents, at 79 Canadian cents in Tuesday morning trade on the Toronto Stock Exchange.

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Mar 11, 2010 07:00 ET
Etrion Announces Appointment of VP of Engineering and Construction

TORONTO, ONTARIO--(Marketwire - March 11, 2010) - Etrion Corporation ("Etrion" or the "Company") (TSX:ETX), a Canadian energy company, has appointed Mr. Fernando Alvarez-Bolado as Vice President of Engineering and Construction.

Fernando Alvarez-Bolado has more than a decade of experience in the engineering and construction of wind and solar power projects. As a Senior Project Manager for SunPower Systems, Fernando led the Spanish project management team responsible for the construction of solar parks totaling over 50 megawatts ("MW") in Spain. He also managed the construction of 25 MW in Italy. At Vestas Wind Systems, he was responsible for the construction of wind parks totaling over 250 MW in Spain. Fernando has completed the PDD (Management Development Program) at IESE Business School in Madrid and has an electrical engineering degree from the Escuela Técnica Superior de Ingenieros Industriales at the University of Valladolid in Spain.

Marco Northland, the Company's CEO, commented, "Fernando is a critical addition to the Etrion management team. We worked together while at SunPower, and I am very happy to have him join us at Etrion. He has extensive engineering and operations experience with large wind and solar power plants in Europe and will be crucial in our efforts to reach critical mass quickly."

Last year, Etrion contracted SunPower Corp. to build four ground-based solar photovoltaic power plants in the Puglia region of southern Italy with a total generating capacity of 4 MW. The first electricity sales from the projects are expected during the third quarter of 2010.

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Mar 16, 2010 17:38 ET
Etrion Releases 2009 Annual Disclosure Documents

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 16, 2010) - Etrion Corporation ("Etrion" or the "Company") (TSX:ETX), a Canadian energy company, today released its annual information form ("AIF"), annual consolidated financial statements and related management discussion and analysis ("MD&A") for the year ended December 31, 2009.

For the year ended December 31, 2009, the Company reported a net loss of US$59.1 million (loss per share of US$0.37) compared to a net loss of US$23.2 million (loss per share of US$0.15) for the year ended December 31, 2008. The Company's MD&A contains a detailed analysis of the periods discussed.

The net results for the year ended December 31, 2009, were adversely affected by the following non-cash items that had no impact on cash flow: (a) the recognition of a US$44.0 million impairment loss in the carrying value of Etrion's oil and gas investments in Venezuela due to the uncertainty of collecting future dividends; (b) the recognition of US$5.5 million in compensation expense related to the CEO's right to exchange his 10% equity interest in the Company's European subsidiary, Solar Resources Holding, Sarl ("SRH"), for an equivalent fair value of shares in Etrion; and (c) the recognition of US$0.9 million in compensation expense related to the CEO's carried interest in SRH.

Before the extraordinary non-cash compensation expense and the oil and gas impairment, the Company's net loss for the year ended December 31, 2009, would have been US$8.7 million (loss per share of US$0.05).

Marco Northland, the Company's CEO, commented, "Etrion made significant progress in the fourth quarter with the closing of the acquisition and bank financing for our first solar power project in southern Italy. We continue to review additional acquisitions in Italy in order to achieve our 2010 goal of having 10 megawatts of solar power capacity installed, 10 megawatts under construction and 20 megawatts permitted for development. We have substantial cash and strong shareholders to support our growth."

SEDAR

Etrion has filed its AIF, annual consolidated financial statements and related MD&A for the year ended December 31, 2009, with Canadian securities regulatory authorities on the System for Electronic Document Analysis and Retrieval ("SEDAR"). Copies of these documents may be accessed electronically on SEDAR at www.sedar.com.

About the Company

Etrion Corporation is a Canadian energy company based in Geneva, Switzerland and listed on the Toronto Stock Exchange (ticker symbol "ETX"). The Company is focused on building, owning and operating global electrical power plants based on renewable sources of energy, including solar photovoltaic, solar thermal and wind. Etrion continues to own oil and gas investments in Venezuela acquired by its predecessor, PetroFalcon Corporation.

The Company is owned 45% by Lundin Petroleum, a Swedish independent oil and gas
company traded on the NASDAQ OMX Stockholm exchange (ticker symbol "LUPE"), and approximately 13% by the Lundin family through various trusts.

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12.04.2010 14:51
BRIEF-Etrion inks agreement to acquire Deutsche Bank solar assets in Italy


April 12 (Reuters) - Etrion Corp:

* Signs agreement to acquire Deutsche Bank solar assets in Italy

* Says to acquire a portfolio of Deutsche Bank solar assets in Italy for 10.3

million

* Says assets being acquired include 6 megawatts of operating assets and 10 mw

of permitted projects

* Says bridge loan carries interest at libor plus 3%

* Says deal for 10.3 million euros plus a contingent deferred payment of 1.5

million euros

* Says acquisition of the Deutsche Bank assets is scheduled to close by April

30, 2010

* Sees intends to fund the acquisition through a combination of cash on hand

and a bridge loan from its major shareholder

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Antwort auf Beitrag Nr.: 39.315.928 von R-BgO am 12.04.10 16:14:33

Project Focus: Etrion signs deal to buy Deutsche Bank’s Italian solar PV holdings
12 April 2010 | By Tom Cheyney | News > Power Generation


Canadian energy company Etrion has signed a definitive sale and purchase agreement to buy a portfolio of Deutsche Bank solar photovoltaic assets in Italy for €10.3 million, plus a contingent deferred payment of €1.5 million. The holdings include 6MW of operating assets and 10MW of permitted projects ready for construction in the southern Italian region of Puglia, plus a pipeline of more than 150MW in various stages of permitting, the company said.

The 6MW of ground-based PV plants produce more than 10,250KWhr of electricity and approximately €4 million of cash flow per year, according to Etrion. The plants benefit from Italy's 2009 feed-in-tariff of €0.353/KWhr plus a spot rate of approximately €0.08/KWhr.

The operating plants also benefit from an existing facility agreement with Societe Generale and Dexia for up to €45 million, available on the basis of 90:10 debt-to-equity, of which €28 million have been drawn to date.

CEO Marco Northland said the "acquisition represents an important leap forward for Etrion. We are acquiring a combination of operating assets with immediate revenue, projects for construction in 2010, a pipeline for 2011, and relationships with highly qualified local developers. We look forward to building out the Italian pipeline that Deutsche Bank developed over several years."

Etrion said it intends to fund the acquisition through a combination of cash on hand and a bridge loan from its major shareholder, Lundin Petroleum. The bridge loan carries interest at LIBOR plus 3%.

The acquisition is scheduled to close by April 30 and is subject to typical closing conditions.

Late last year, Etrion signed a deal with SunPower to build 4MW of solar power plants in Puglia.

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21.04.2010 13:32
BRIEF-Etrion update on solar project in Italy

April 21 (Reuters) - Etrion Corp:

* Provides Sunpower construction update for 4 mw solar project in Italy

* Says first electricity sales from the plants are expected during the third

quarter of 2010

* Says ground-based solar photovoltaic power plants will generate approx 6.8

million kwh of electricity/year

* Says project is expected to benefit from the 2010 Italian feed-in-tariff

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Antwort auf Beitrag Nr.: 39.374.911 von R-BgO am 21.04.10 13:44:57

Apr 21, 2010 07:00 ET
Etrion Provides SunPower Construction Update for 4 MW Solar Project in Italy

TORONTO, ONTARIO--(Marketwire - April 21, 2010) - Etrion Corporation ("Etrion" or the "Company") (TSX:ETX), a Canadian energy company, announced today an update on the construction of its initial 4 megawatt (MW) solar power project in Puglia, Italy.

Etrion's Vice President of Engineering and Construction, Fernando Alvarez-Bolado, said, "SunPower has begun construction on three of the four sites in our 4 MW Puglia project. Two of the sites have the panels already mounted on the trackers, and SunPower is now advancing the electrical installations. Civil works are nearly completed on the third site, and we will begin installation of the PV modules during May. We look forward to finishing construction and connecting to the grid later this year."

Last year, Etrion contracted SunPower Corp. (NASDAQ:SPWRA), a US-based manufacturer of high-efficiency solar systems, to build four solar power plants totaling 4 MW in the Puglia region of southern Italy. SunPower is designing and constructing the plants, and will provide operations and maintenance services. The first electricity sales from the plants are expected during the third quarter of 2010.

SunPower is installing proprietary SunPower Tracker technology at the Italian sites. The Tracker follows the sun during the day and delivers up to 25 percent more energy than fixed-tilt systems, while significantly reducing land use requirements.

The ground-based solar photovoltaic (PV) power plants, once built, will generate approximately 6.8 million kilowatt hours (kWh) of electricity per year.

The project is expected to benefit from the 2010 Italian feed-in-tariff of 0.346 Euros per kWh plus the spot rate of approximately 0.08 Euros per kWh. The Italian feed-in-tariff is a premium purchase price for renewable electricity that is guaranteed by the Italian government for 20 years.

Once fully operational, the plants are expected to generate 2.8 million Euros of revenue and approximately 2.4 million Euros of cash flow (EBITDA) per year.

The project also benefits from the "Visco Sud" tax credit, which is worth an aggregate of 4.1 million Euros and does not expire.

The plants have a facility agreement with Centrobanca, an Italian bank, for 83% of project costs or approximately 17.2 million Euros. Etrion contributed the remaining 17% of project costs in equity from cash on hand.

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May 21, 2010 16:51 ET
Etrion Receives Conditional Approval for New TSX Listing Category

TORONTO, ONTARIO--(Marketwire - May 21, 2010) - Etrion Corporation (the "Company") (TSX:ETX), a Canadian energy company, is pleased to report that the Toronto Stock Exchange ("TSX") has conditionally approved the listing of the Company's common shares in the industrial category. The change of listing category reflects the Company's focus on renewable energy following the acquisition of Solar Resources Holdings, Sarl in September 2009.

The Company's continued listing in the industrial category is subject to certain conditions, including the completion of an equity financing resulting in net proceeds to the Company of at least US$15 million. The Company has engaged a syndicate of agents co-led by GMP Securities L.P. and Cormark Securities Inc., and including BMO Capital Markets, to assist with raising the financing via a private placement, which is expected to close in late June. The Company plans to use the funds for potential acquisition opportunities in the renewable energy sector.

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Antwort auf Beitrag Nr.: 39.574.967 von R-BgO am 24.05.10 17:52:21

TSX Delisting Review - Etrion Corporation (ETX)

TORONTO, May 26 /CNW/ - DELISTING REVIEW - Etrion Corporation (the
"Company") - Further to TSX Bulletin 2010-0219 dated February 24, 2010, TSX
has extended its review of the eligibility of the common shares of the Company
(Symbol: ETX) for 30 days.

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19.07.2010 13:28
BRIEF-Etrion teams up with Phoenix Solar to build solar power plant in Italy


July 19 (Reuters) - Etrion Corp:

* Partners with Phoenix Solar to build 3.5 MW solar power plant in Italy

* Says photovoltaic ('pv') plant is expected to produce over 5 million kilowatt

hours ('kwh') of electricity

* Says Phoenix Solar will design and construct the plant, and provide

operations and maintenance services

* Says construction is targeted to begin by August 2010

* Says Phoenix Solar contract price is approximately 10 million euros

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Antwort auf Beitrag Nr.: 39.841.370 von R-BgO am 19.07.10 14:24:33

Etrion Partners with Phoenix Solar to Build 3.5 MW Solar Power Plant in Italy


GENEVA, SWITZERLAND -- (Marketwire) -- 07/19/10 -- Etrion Corporation ("Etrion" or the "Company") (TSX: ETX), an independent solar power producer, and Phoenix Solar AG ("Phoenix Solar") (ISIN DE000A0BVU93), a leading photovoltaic system integrator listed on the German TecDAX, today announced an agreement to build a 3.5 megawatt ("MW") solar power plant in the Lazio region of Italy. Phoenix Solar will design and construct the plant, and provide operations and maintenance services.

Marco Northland, Etrion's CEO, commented, "We are pleased to partner with Phoenix Solar on this project and look forward to expanding our relationship in the near future. The 3.5 MW solar plant in Borgo Piave, Lazio is part of our internal development portfolio and demonstrates our Italian team's execution capability converting business development pipeline into installed megawatts."

Ulrich Reidenbach, Chief Sales Officer for Phoenix Solar, said, "We are delighted that Etrion has chosen Phoenix Solar for our expertise in constructing large scale solar parks. We hope to continue our cooperation in the near future with additional projects."

The 3.5 MW ground-based solar photovoltaic ("PV") plant is expected to produce over 5 million kilowatt hours ("kWh") of electricity and approximately 2 million euros of cash flow ("EBITDA") per year. The plant is expected to benefit from the 2010 feed-in-tariff of 0.346 euros per kWh plus a market price of approximately 0.08 euros per kWh.

The Italian feed-in-tariff is a premium purchase price for renewable electricity that is guaranteed by the Italian government for 20 years from the start of operations.

The solar plant will use Trina modules with crystalline, fixed-tilt technology and SMA inverters. Construction is targeted to begin by August 2010, and grid connection is expected by the end of 2010.

The Phoenix Solar contract price is approximately 10 million euros. Etrion intends to fund the project through a bridge loan from its major shareholder, Lundin Petroleum. The bridge loan carries interest at LIBOR plus 3%. Etrion expects to re-finance 80-85% of project costs with a long-term non-recourse bank loan before the end of the year.

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Etrion Acquires 28-Megawatt Montalto di Castro Solar Park

ROME, Aug 09, 2010 /PRNewswire via COMTEX News Network/ -- SunPower Corp. (Nasdaq: SPWRA, SPWRB) today announced that Etrion Corporation (TSX: ETX), an independent solar power producer, has signed a euro 48 million definitive sale and purchase agreement to acquire the equity in the first two phases of the Montalto di Castro solar photovoltaic (PV) power park, the largest in Italy.

The acquisition of the 20-megawatt (MW) first phase of the project for euro 36 million has been completed. The acquisition of the 8 MW second phase for euro 12 million remains subject to standard closing conditions and is expected to close by the end of the third quarter, 2010. SunPower will recognize the sale of the first phase of the project as a return of capital, and will recognize revenue on the sale of the second phase, including previously deferred EPC revenue, upon close of sale, which is expected by the end of the third quarter, 2010.

SunPower designed and built the 28 MW power plant in the Lazio region of Italy near Rome, and will provide ongoing operations and maintenance services. The first 20 MW were connected to the grid in November 2009, several weeks ahead of schedule. The 8 MW second phase was commissioned this month. An incremental 44 MW is planned to be completed and sold by the end of this year, bringing the total to 72 MW. The Montalto solar park's first and second phases are rated at 28 MW on an AC basis and 33 MW on a DC basis.

"The successful sale of the first phases of the Montalto solar park is an important milestone for SunPower," said SunPower President Howard Wenger. "The sale demonstrates our progress monetizing SunPower's European power plant pipeline of more than 1,200 MW that we acquired with the purchase of SunRay Energy in March 2010, and it helps validate our model of building and selling first-class solar power parks. Our expanding utility and power plant business provides us with strong revenue visibility in Europe, the Middle East and North America through 2014."

"Successful closure of this transaction is a tribute to the professional skills of our project sales team," said Yoram Amiga, CEO of SunRay Energy, a SunPower company. "Financiers recognize SunPower's superior quality, reliability and performance as we serve local communities with clean, renewable power. We intend to complete construction of an incremental 280 MW of Italian power plants by the end of 2011."

The Montalto di Castro park uses high-efficiency SunPower solar panels, the most efficient panels commercially available, installed on a SunPower(R) Tracker system. The Tracker follows the sun during the day and delivers up to 25 percent more energy than fixed-tilt systems, while significantly reducing land use requirements.

Worldwide, SunPower has more than 600 megawatts of solar power systems installed or under contract, including more than 225 megawatts of operational power plants in Europe.

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Antwort auf Beitrag Nr.: 39.949.737 von R-BgO am 09.08.10 09:25:22

Etrion Acquires 28-Megawatt Montalto di Castro Solar Park

GENEVA, Oct 04, 2010 /PRNewswire via COMTEX News Network/ -- SunPower Corp. (Nasdaq: SPWRA, SPWRB) today announced that Etrion Corporation (TSX: ETX), an independent solar power producer, has completed the previously announced definitive sale and purchase agreements to acquire the equity in the first two phases of Montalto di Castro solar park, Italy's largest solar photovoltaic (PV) power park, for approximately euro 49 million.

The acquisition of the 20-megawatt (MW) first phase of the project was completed in August and the acquisition of the 8 MW second phase was completed last week. SunPower will recognize the sale of the first phase of the project as a return of capital, and will recognize revenue on the sale of the second phase, including previously deferred engineering, procurement and construction (EPC) revenue.

"With the closing of this acquisition, we are well on our way to completing the monetization of 85 MWs in Italy this year," said SunPower CFO Dennis Arriola. "SunPower's world-leading technology and proven performance of more than 225 MWs of operational power plants in Europe has provided us with a strong set of potential financing partners, including many new participants to the solar market."

SunPower designed and built the 28 MW Montalto di Castro solar park in the Lazio region of Italy near Rome, and will provide ongoing operations and maintenance services. The 20 MW first phase was connected to the grid in November 2009, several weeks ahead of schedule and was acquired by SunPower upon the acquisition of SunRay Renewable Energy in May of 2010. The 8 MW second phase was commissioned last month. An incremental 44 MW is planned to be completed and monetized by the end of this year, bringing the total scale of the solar park to 72 MW.

The Montalto di Castro solar park uses high-efficiency SunPower solar panels, the most efficient panels commercially available, installed on a SunPower(R) Tracker system. The Tracker follows the sun during the day and delivers up to 25 percent more energy than fixed-tilt systems, while significantly reducing land use requirements.

Worldwide, SunPower has more than 600 MW of solar power systems installed or under contract, including more than 225 MW of operational power plants in Europe.

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Oct 5 (Reuters) - Etrion Corp:

* Contracts Phoenix solar to build 1.7 MW solar power plant and provides update

on 3.5 MW under construction

* Says 3.5 MW Borgo Piave project signed with Phoenix in July 2010 is well

underway

* Says expect both the Rio Martino and Borgo Piave projects to benefit from the

2010 feed-in-tariff

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Lundin Petroleum to Distribute Its Shares In Etrion Corp to Shareholders

Tuesday, October 05, 2010

Lundin Petroleum AB announces its intention to distribute its shares in Etrion Corporation (Etrion) to Lundin Petroleum shareholders.

Etrion builds, owns and operates solar power plants in Italy. Etrion currently owns 40 megawatts (MW) of operational, ground-based solar photovoltaic (PV) power plants, has 8 MW of solar parks under construction and has more than 200 MW of solar development pipeline in Italy. Etrion is listed on the Toronto Stock Exchange (ticker symbol "ETX") and is currently in the process of obtaining a dual listing of its common shares on NASDAQ OMX Stockholm. The dual listing process will be coordinated with the distribution to Lundin Petroleum shareholders and is expected to be completed in November 2010.

The distribution is subject to the approval of Lundin Petroleum shareholders at an extraordinary general meeting (EGM), which is expected to be held on or around 4 November 2010.

Ashley Heppenstall, President and CEO of Lundin Petroleum, comments:
"Lundin Petroleum has facilitated the emergence of Etrion as a solar renewable power generation company. Over the past few months, the Etrion management has grown the company into one of the largest solar power producers in Italy through a proactive acquisition and development strategy. Going forward, I believe this growth will continue from the exciting development pipeline that Etrion owns. It is a natural step in conjunction with Etrion's forthcoming listing on NASDAQ OMX Stockholm to distribute our shares in Etrion directly to our shareholders. I am confident that Etrion will generate further increases in value to its wider shareholder base as the company further grows its asset base."

Ian Lundin, Chairman of Lundin Petroleum and of Etrion, comments:
"Lundin Petroleum's support has been critical to Etrion's impressive growth. The Lundin family trusts currently own approximately 12 percent of Etrion's shares and will increase their direct ownership in Etrion to approximately 25 percent as a result of the distribution. The Lundin family views Etrion as a long-term investment, and we expect the Etrion management team to create significant value for shareholders."

Marco Northland, CEO of Etrion, comments:
"In a short period of time, Etrion has become one of the largest solar power producers in Italy. The dual-listing in Stockholm will allow us to access European investors interested in the downstream renewable energy sector. We are pleased that the Lundin family is increasing its direct ownership in Etrion through the Lundin Petroleum distribution. The sun is a clean, renewable source of energy that is becoming an increasingly valuable and necessary part of the world's energy mix. We look forward to continuing to execute on our strategy; building out our large development pipeline in Italy as we assess new markets for future growth."

Background on Etrion Corporation
Etrion builds, owns and operates solar power plants in Italy.

Following the acquisition of a start-up solar energy business in 2009, Etrion has delivered extraordinary growth through a combination of its own solar development pipeline and through acquisitions of operating solar power plants. Etrion today is one of the only publicly-traded, pure-play solar independent power producers (IPPs), with 40 MW of operational, ground-based solar PV power plants, 8 MW of solar parks under construction and more than 200 MW of solar development pipeline in Italy. Etrion is listed on the Toronto Stock Exchange (ticker symbol "ETX") and is applying for a dual listing on the NASDAQ OMX Stockholm exchange.

In September 2009, Etrion, which was then an oil and gas company known as PetroFalcon Corporation (PetroFalcon), acquired Solar Resources Holding Sarl, a private renewable energy company, and subsequently shifted its focus to building, owning and operating solar power plants in Italy. The company changed its name from PetroFalcon to Etrion and appointed new management and directors. Etrion continues to own oil and gas assets acquired by the predecessor company, PetroFalcon, and plans to divest these assets in due course.

Etrion's near-term focus is on countries with government incentives for solar power production. Specifically, Etrion invests in feed-in-tariff (FiT) environments, like Italy, which create long-term, low-risk revenue streams that facilitate high-leverage financing (80/20 debt-to-equity) with non-recourse project loans. Future growth is expected to be driven by the development and/or acquisition of additional solar power facilities under long-term contract in markets with high retail electricity prices and strong solar irradiation, with the ultimate goal of producing low-cost, clean electricity at attractive returns.

Etrion is led by an experienced management team with a strong track record in the renewable energy sector. Marco Northland, CEO and director, has extensive experience leading growth companies and, prior to co-founding Etrion in 2008, was responsible for establishing and overseeing European operations for SunPower, a leading U.S. solar energy company. Garrett Soden is CFO and has valuable experience with the Lundin Group across the energy sector, including serving previously as PetroFalcon's CFO. Michael Sommer is Vice President Business Development and has more than a decade of experience in the renewable energy field with a focus on wind and solar projects in Germany and Southern Europe. Fernando Alvarez-Bolado is Vice President of Engineering and Construction and has more than 10 years of experience in the construction and engineering of wind and solar power projects. Giovanni Diana is Etrion's General Manager for Italy and has more than 20 years of experience leading industrial projects in Italy. Ian Lundin, Chairman of Lundin Petroleum, is the Chairman of Etrion, and Ashley Heppenstall, Lundin Petroleum's President and CEO, is a director of Etrion.

Lundin Petroleum, through a subsidiary company, currently owns approximately 71 million shares of Etrion, representing approximately 40 percent of the share capital and effectively has voting control over approximately 53 percent of Etrion. Lundin Petroleum also has an outstanding bridge loan to Etrion, currently drawn to approximately EUR 49 million, that matures in October 2011.

Voting Agreement
Lundin Petroleum has entered into a voting agreement with certain other shareholders of Etrion: Zebra Holding and Investments Sarl, Lorito Holdings Sarl and Landor Participations Inc., being investment companies related to the Lundin family trusts, and Ashley Heppenstall, President and CEO of Lundin Petroleum and a director of Etrion (the Etrion Shareholders). Under this voting agreement, the Etrion Shareholders have agreed to vote as directed by Lundin Petroleum with respect to matters proposed at general meetings of Etrion. In accordance with this
agreement, Lundin Petroleum effectively has voting control over approximately 95 million shares of Etrion, representing approximately 53 percent of the issued and outstanding shares of Etrion.

The Distribution
The distribution of Lundin Petroleum's approximately 71 million Etrion shares remains subject to certain conditions, including approval of the shareholders of Lundin Petroleum at an EGM, which is expected to be held on or around 4 November 2010. Further information regarding the distribution is expected to be available on Lundin Petroleum's website on or around 20 October 2010.

It is expected that each share in Lundin Petroleum will entitle the holder to approximately 0.228 shares in Etrion. In the event that a shareholder will receive parts of a share in Etrion, such parts of shares in Etrion will be consolidated into whole shares that will be sold and the corresponding cash paid to the shareholder.

The distribution of shares in Etrion is expected to be made in accordance with the "Lex-ASEA rules", with the result that no immediate taxation will arise to shareholders in Sweden. Instead, the tax basis of the Lundin Petroleum shares that confer entitlement to participate in the distribution will be allocated between these shares and the Etrion shares received.

Etrion is currently in the process of obtaining a dual listing of its common shares on NASDAQ OMX Stockholm. The dual listing process will be coordinated with the distribution and is expected to be completed in November 2010. A prospectus containing further details about Etrion is expected to be accessible via Lundin Petroleum's website (subject to applicable securities laws) before the listing.

[R-BgO]

28 Dec, 2010 08:00 CET
Etrion Completes Matino Solar Park in Italy

December 28, 2010, Geneva, Switzerland – Etrion Corporation (“Etrion” or the “Company”) (TSX: ETX) (OMX: ETX), an independent solar power producer, announces the completion of the Matino solar park in Puglia, Italy.

Marco Northland, Etrion’s CEO, commented, “We are pleased to announce the completion of the third park from our 3 MW SVE project in Italy.”

The Matino park has a total capacity of 1 MW and is expected to produce over 1.7 million kilowatt hours (“kWh”) of clean electricity and more than 600,000 euros of earnings before interest, taxes, depreciation and amortization (“EBITDA”) per year.

The project is expected to benefit from the 2010 feed-in-tariff of 0.346 euros per kWh plus a market price of approximately 0.08 euros per kWh.

The Italian feed-in-tariff is a premium purchase price for solar electricity that is guaranteed by the Italian government for 20 years from the start of operations.

The 1 MW Matino park is a ground-based solar PV power plant using SunPower’s high-efficiency PV modules and single axis tracker technology with Siemens inverters.

Centrobanca, an Italian bank, provided 83% of the financing for the project with a 17.5-year, non-recourse loan.

[R-BgO]

GENEVA, SWITZERLAND -- (Marketwire) -- 12/30/10 -- Etrion Corporation ("Etrion" or the "Company") (TSX: ETX)(OMX: ETX), an independent solar power producer, announces the completion of the Borgo Piave solar park in Lazio, Italy.

Marco Northland, Etrion's CEO, commented, "We are pleased to announce the completion of the Borgo Piave solar park in Italy. We are exiting 2010 with 47 MW operational, 10 MW under construction and 200 MW of development pipeline."

The Borgo Piave park has a total capacity of 3.5 MW and is expected to produce over 5 million kilowatt hours ("kWh") of clean electricity and approximately 2 million euros of earnings before interest, taxes, depreciation and amortization ("EBITDA") per year.

The project is expected to benefit from the 2010 feed-in-tariff of 0.346 euros per kWh plus a market price of approximately 0.08 euros per kWh.

The Italian feed-in-tariff is a premium purchase price for solar electricity that is guaranteed by the Italian government for 20 years from the start of operations.

The 3.5 MW Borgo Piave park is a ground-based solar PV power plant built by Phoenix Solar using Trina modules with crystalline, fixed-tilt technology and SMA inverters.

A syndicate of banks, including Natixis, WestLB and Mediocreval, provided more than 80% of the financing for the project with an 18-year, non-recourse loan.

[R-BgO]

13.04.2011 08:12
Etrion Completes Corporate Bond Issue


Etrion Corporation ("Etrion" or the "Company")(STO:ETX), a solar utility company, has issued EUR 60 million of corporate bonds in the Norwegian bond market at 9% annual interest with a 4-year maturity. Etrion's major shareholder, the Lundin family, has subscribed for EUR 15 million of the bond issue.

ABG Sundal Collier Norge ASA acted as lead manager of the bond issue. Settlement is expected to occur on or about April 18, 2011, subject to customary conditions. An application will be made for the bonds to be listed on the Oslo Stock Exchange or Oslo Alternative Bond Market (ABM) as soon as possible.

Net proceeds from the bond issue will be used for early repayment of the bridge loan provided by Etrion's former major shareholder, Lundin Petroleum AB, and for general corporate purposes.

Marco Northland, the Company's CEO, commented, "We are pleased to reach our target of placing EUR 60 million in the Norwegian bond markets. This bond further diversifies Etrion's funding sources and highlights the predictable, secure nature of our cash flow from solar power generation."

[R-BgO]

...sie haben die Bilanz inzwischen ganz schön aufgeblasen: rund 400 MUSD Anlagenbuchwert mit rund 10% EK unterlegt.


WENN sie nicht noch in Liquiditätsprobleme kommen, müsste da auf Dauer ein enormer Ertragshebel anfallen.


Irgendwie scheint dieses Thema bisher keine Sau zu interessieren.

Lediglich bei Capital Stage sind erste Anzeichen einer Einpreisung der Zukunft abzusehen.


Aber hier und bei TerniEnergia, Aerowatt, ergyCapital, Colexon, Kerself, KR Energy, Edisun, Voltalia, Alerion, Actelios, ERGRenew ist alles tot. Sind allerdings auch nicht in selbem Maße pure-plays...

Muss ich mir mal bei Gelegenheit wieder gründlicher anschauen...

[R-BgO]

Etrion Completes Project Financing Drawdown and Repays EUR 28 Million Bridge Loan

GENEVA, SWITZERLAND -- (Marketwire) -- 11/03/11 -- Etrion Corporation ("Etrion" or the "Company") (TSX: ETX)(OMX: ETX), an independent solar power producer, has completed a drawdown of the previously announced project finance facility with Natixis, WestLB and Mediocreval. After the drawdown, Etrion repaid in full the previously announced bridge loan of 28 million euros from Lorito Holidings Sarl and Zebra Holdings & Investments Sarl, investment companies wholly-owned by Lundin family trusts.

The non-recourse project finance facility is for approximately 60 million euros and includes a total of 17.8 megawatts (MW) of operational solar parks in Italy. The facility covers approximately 84 percent of project costs and matures 18 years from the beginning of operations.

Marco Northland, the Company's CEO, commented, "We continue to optimize our capital structure by refinancing the short-term Lundin bridge loan with an 18-year, non-recourse project facility. The project financing drawdown demonstrates that the market for bank lending to the solar sector remains open for companies with attractive projects."

At the end of August 2011, Etrion announced the completion of 12.6 MW in Italy across three solar photovoltaic (PV) parks: Brindisi, Mesagne and Nettuno. Etrion recently completed a drawdown of the project finance facility related to these parks.

The first project in the financing portfolio, Etrion Lazio, includes the Borgo Piave 3.5 MW park and the Rio Martino 1.7 MW park, both completed in December 2010.

The second project in the financing portfolio, Helios ITA-3, includes two 5 MW parks located in Brindisi and Mesagne in the Puglia region. The parks were completed in August 2011.

The final project in the financing portfolio, Nettuno, is a 2.6 MW park in the Lazio region and was also completed in August 2011.

The five ground-based solar PV plants included in the financing are expected to produce a total of approximately 28 million kilowatt hours (kWh) of electricity per year and more than 9 million euros per year of earnings before interest, taxes, depreciation and amortization (EBITDA).

The solar parks benefit from the Italian feed-in-tariff (FiT) regime, which is a premium purchase price for solar electricity that is guaranteed by the Italian government for 20 years from the start of operations.

[R-BgO]

Etrion Announces Share Issuance

March 30, 2012, Geneva, Switzerland – Etrion Corporation (“Etrion” or the “Company”) (TSX:
ETX) (OMX: ETX), an independent solar power producer, announces the issuance of shares and
an update to its total number of shares outstanding.

Marco A. Northland, the Company’s CEO, has exercised his previously disclosed conversion
right in respect of his 10% equity interest in the Company’s subsidiary, Solar Resources Holding,
Sarl (“SRH”), for an equivalent value of shares in Etrion (the “Conversion”).

The purpose of the Conversion is to enable the Company to own 100% of SRH. The value of
SRH for the purpose of the Conversion is based on the market capitalization of Etrion less the
value of its legacy oil and gas investments and subject to certain other adjustments related to the
Company’s corporate debt and cash on hand. The number of shares to be issued is calculated by
reference to the weighted average share price of the Company’s common shares over the three
months prior to March 30, 2012.

As a result of the Conversion, an additional 18,210,299 common shares of the Company have
been issued to Mr. Northland. Following the Conversion, Mr. Northland holds 18,812,582
common shares of the Company.

Immediately prior to the Conversion, the Company had 187,536,120 common shares
outstanding. Following the Conversion, the Company has 205,746,419 common shares
outstanding.

The increase of outstanding shares is disclosed pursuant to Chapter 4 section 9 of the Swedish
Financial Instruments Trading Act.

[R-BgO]

Etrion and Total Secure Financing with OPIC for 70 MWp Salvador Solar Project in Chile

SunPower to Commence Construction of World’s Largest Merchant Solar Power Plant

December 11, 2013, Paris, France and Geneva, Switzerland - Total (CAC: TOTF.PA), Etrion Corporation (TSX: ETX / OMX: ETX) and SunPower Corp. (NASDAQ: SPWR) announced today that financing for construction of the 70-megawatt-peak ("MWp") Salvador project ("Project Salvador") in the Atacama region of Chile has been secured. Project Salvador will be the world's largest solar power plant based on spot market electricity ("merchant") revenues.

PV Salvador, the project special purpose vehicle ("SPV"), recently signed a project finance facility agreement with the Overseas Private Investment Corporation ("OPIC"), the U.S. government's development finance institution, to finance 70% of the approximately US$200 million project cost through long-term non-recourse project debt. The remaining 30% equity portion will be funded by Etrion, Total and the initial project developer, Solventus, based on their ownership interests of 70%, 20% and 10%, respectively.

Etrion has a US$42 million credit facility from its major shareholder, the Lundin family, to fund its equity commitment. Following initial payback of Etrion's equity investment of US$42 million, Etrion's ownership in Project Salvador will decrease from 70% to 50.01%. After 20 years of operations, Etrion's ownership will decrease to zero.

Marco A. Northland, Etrion's chief executive officer, commented: "We are excited to partner with Total, SunPower and Solventus on this landmark solar project that takes our business model beyond government subsidies. This is Etrion's first project to be financed and under construction in the Americas, and we look forward to working with the same partners on future projects. Project Salvador almost doubles our installed capacity and is expected to grow our cash flow by approximately 50%, transforming Etrion into a global solar power generation platform."

"We are pleased that OPIC has agreed to finance the plant and that we have launched construction of the Salvador project, which will benefit from our affiliate SunPower's record-breaking photovoltaic technology," said Bernard Clement, senior vice president business operations, Total New Energies. "As the largest solar merchant power plant in the world, this project will deliver advanced solar generation, operation technologies and management practices while creating a significant positive impact on local businesses and people."

Total's affiliate SunPower designed the project to use SunPower Oasis™ Power Block technology. SunPower received notice to proceed with construction this week, and is expected to start construction of Project Salvador in January, with full commissioning achieved in early 2015. The majority of the installation is expected to begin commercial operation during 2014. Upon completion, Project Salvador will enter into a long-term fixed price operation and maintenance agreement with SunPower.

"This project represents an important milestone for the energy industry, proving that solar can provide wholesale power at prices competitive with conventional generation technologies," said Howard Wenger, president, regions of SunPower. "With our partners Etrion, Total and Solventus, we are leading the market in the region with the start of construction of this project that will deliver reliable, cost-effective solar power to Chile's utility grid."

Project Salvador will initially operate on a merchant basis where the electricity produced will be sold on the spot market and delivered to the Sistema Interconectado Central ("SIC") electricity network, with the ability to secure future power purchase agreements ("PPAs"). The solar power plant will be built on 133 hectares leased from the Chilean government through a long-term concession. The facility will connect through the power infrastructure of Corporación Nacional del Cobre de Chile ("Codelco").

Once operational, Project Salvador is expected to produce approximately 200 gigawatt-hours of solar electricity per year, enough to supply electricity to approximately 80,000 households in Chile.

Chile has an investment grade rating and offers attractive investment opportunities for leading financial institutions to provide non-recourse project finance. Project Salvador will be financed by OPIC with a US dollar-denominated, non-recourse project loan that fully amortizes over the 19.5-year tenor. First drawdown of the project loan is expected by the end of December 2013.

[R-BgO]

Kurs ist ja sehr gut gelaufen dieses Jahr...

[R-BgO]

Antwort auf Beitrag Nr.: 46.024.889 von R-BgO am 11.12.13 08:39:01

finde interessant, dass es sich um ein "merchant"-Projekt handelt, Verkauf also zu Marktpreisen...



background zu Chile: http://www.greentechmedia.com/articles/read/chiles-solar-sec…

[R-BgO]

Jahreszahlen waren wieder negativ,

in Chile gibt es eine Projektverschiebung,

im Januar haben sie ein 60 MUSD private placement gemacht, so dass das EK wieder das richtige Vorzeichen hat, und

gerade eben haben sie ein Bond refinancing gemacht mit Zinssatz 8%


=>ist insgesamt ein irrer Hebel auf erfolgreiches scaling

[R-BgO]

übel:

http://www.photovoltaik.eu/Italien-vor-rueckwirkender-Einspe…

19.06.2014 9:34 -
Rom plant die Einspeisevergütung von gewerblichen Photovoltaikanlagen ab 200 Kilowatt rückwirkend zu beschneiden. Der Gesetzesentwurf liegt bereits auf dem Tisch. Für Investoren ist das pures Gift.

Trotz massiver Proteste von Banken und der Photovoltaikbranche sowie drohenden Klagen will die italienische Regierung rückwirkende Änderungen bei der Einspeisevergütung für Solaranlagen durchsetzen. In einer Pressekonferenz am 18. Juni 2014 haben die zuständigen Minister den von der Regierung verabschiedeten Gesetzesvorschlag vorgestellt. Dieses muss nun innerhalb von 60 Tagen noch in ein Gesetz umgewandelt werden. „Es bleibt also die Hoffnung, dass das Parlament noch Änderungen im Interesse der Investoren durchsetzt“, sagt Andreas Lutz. Er ist Geschäftsführer von New Energy Projects und arbeitet seit über 4 Jahren im italienischen Markt.

Geplante Änderungen

Rund 8.600 Betreiber von insgesamt 200.000 von Photovoltaikanlagen mit einer Größe von über 200 Kilowatt seien von den geplanten Einschnitten betroffen. Die Betreiber von gewerblichen Anlagen sollen demnach nur rund 60 Prozent der Vergütung erhalten. Ausgezahlt werde diese von der Behörde Gestore Servizi Energetici, kurz GSE. Sie gehört zum italienischen Wirtschaft- und Finanzministerium.

Für Bestandsanlagen stehen folgende Maßnahmen in der Gesetzesvorlage: GSE werde ab der zweiten Jahreshälfte 2014 nicht mehr die tatsächliche monatliche Produktion vergüten, sondern eine konstante monatliche Abschlagszahlungen. Allerdings nicht auf 100 Prozent des prognostizierten Jahresertrags, sondern nur auf 90 Prozent. Im Juni des darauf folgenden Jahres gibt es dann eine Endabrechnung auf Basis der tatsächlich produzierten Strommenge. Diese Regelung verletzt klar den Bestandsschutz der Betreiber und ist Gift für künftige Investitionen in Erneuerbare.

Eine Vergleichsrechnung

Zudem müssen die Betreiber bis 30. November 2014 eine Entscheidung treffen. Die soll dann ab 1. Januar 2015 gelten. Entweder werde die Vergütung bei einer Laufzeit von 20 Jahren um ein Zehntel gekürzt. Oder bei einer Laufzeit von 24 Jahren in Bezug auf die Restlaufzeit gekürzt. Bei einer Restlaufzeit zwischen 12 und 18 Jahren sind demnach gestaffelte Kürzungen von 25 bis 18 Prozent vorgesehen. Bei einer Restlaufzeit mindestens 19 Jahren sollen es 17 Prozent sein, berichtet Lutz. Eine Vergleichsrechnung: Die Gesamtvergütung sinke damit bei Option eins um rund eine halbe Million Euro. Bei der zweiten Variante bleibe die Gesamtvergütung gleich – sie werde allerdings um vier Jahre gestreckt. Es sei aber noch unklar, wie die Absenkung bei einer unterjährigen Restlaufzeit gehandhabt werde, sagt Lutz.

Weitere Änderungen: Um die Kürzungen abzufedern, soll es Finanzierungshilfen von der Cassa Depositi e Prestiti Spa geben. Zudem müssten die Behörden die Laufzeit der Genehmigungen bei einer Verlängerung auf 24 Jahre anpassen. (Niels H. Petersen)

[R-BgO]

Antwort auf Beitrag Nr.: 46.739.651 von R-BgO am 31.03.14 18:07:39

2014er-Zahlen kamen am 19.3., Buchwert je Aktie 8c;

das Chile-Projekt ist am Netz

der Bond wird notiert, wenn auch nicht gehandelt: http://www.oslobors.no/ob_eng/markedsaktivitet/#/details/ETR…

[R-BgO]

Antwort auf Beitrag Nr.: 49.500.404 von R-BgO am 06.04.15 10:24:55

leider hat der Bond auch noch eine Kindersicherung: 100k Mindeststückelung

[R-BgO]

Etrion connects first site of 9.3 MW Mito solar project in Japan

May 29, 2015, Geneva, Switzerland -


Etrion Corporation (“Etrion” or the “Company”) (TSX: ETX / OMX: ETX), a solar independent power producer, today announced that the first site of the Mito solar project in Japan has been connected to the grid and is fully operational. Mito is a 9.3 megawatt (“MW”) utility-scale solar photovoltaic (“PV”) power project including five sites in the Ibaraki Prefecture with staggered connection dates expected through August 2015.

The first Mito site connected represents 2.7 MW of the 9.3 MW total planned capacity. This site includes 5.6 hectares and is expected to produce 3.1 million kilowatt hours (“kWh”) of clean electricity per year. The 9.3 MW Mito project includes a total of 28.3 hectares and, once fully operational, is expected to produce a total of approximately 10.5 million kWh of solar electricity per year.

The Mito project is owned 87% by Etrion and 13% by Hitachi High-Technologies Corporation (“Hitachi High-Tech”) (TOKYO: 8036), a subsidiary of Hitachi, Ltd. The solar project is being built by Hitachi High-Tech using Canadian Solar poly-crystalline PV modules, fixed-tilt technology and Hitachi inverters. The project company has entered into a long-term, fixed-price operation and maintenance agreement with Hitachi High-Tech. The Mito project company has also entered into a 20-year power purchase agreement (“PPA”) with Tokyo Electric Power Company (“TEPCO”) under which the project will receive ¥40 per kilowatt-hour (“kWh”) of electricity produced. Sumitomo Mitsui Trust Bank, Limited provided 80% of the financing for the project with an 18-year, non-recourse loan.

Marco A. Northland, Etrion’s CEO, commented, “We completed the first site of the 9.3 MW Mito solar project on schedule and on budget thanks to the hard work of our superb local team, our partner, Hitachi High-Tech, and the local utility, TEPCO. We are on track to have all five sites of the Mito project connected by the end of August 2015. In parallel, we look forward to advancing our Japanese development pipeline in the months ahead.”

[R-BgO]

aufgestockt

[R-BgO]

in den Q2-Zahlen kann man sehen, was Währungsveränderungen ausmachen können

[R-BgO]

aus dem Q3-update von heute:

.
Chilean Solar Assets

During the third quarter of 2015, Etrion’s 70%-owned 70 MW Salvador solar power plant in northern Chile (“Project Salvador”) produced approximately 36.5 million kWh of electricity, below expectations due to lower than expected solar irradiation.

Project Salvador began operations in January 2015 and is currently operating on a merchant basis where the electricity produced is sold on the spot market and delivered to the Sistema Interconectado Central (“SIC”) electricity network. As previously announced, Project Salvador executed a long-term power purchase agreement (“PPA”) with EE-ERNC-1, an investment grade off-taker. The PPA is for approximately 35% of Project Salvador’s production for 15 years starting January 1, 2016, at approximately US$0.10 per kWh. Project Salvador is seeking additional PPAs to secure its long-term revenues.

The spot prices in the SIC electricity network in Chile were unusually low during the third quarter of 2015 due to a combination of local grid congestion, increasing solar and wind electricity generation, strong hydro electricity production due to wet winter conditions and low electricity demand because of depressed mining activity as a result of the collapse in commodity prices. The average spot price received by Project Salvador in the third quarter of 2015 was approximately US$0.04 per kWh in July, US$0.02 per kWh in August and US$0.02 per kWh in September.

In September 2015, Project Salvador drew down an additional US$13.8 million tranche of non-recourse debt from the Overseas Private Investment Corporation (“OPIC”) in order to meet its debt service obligations and avoid additional equity requirements if the spot electricity price continues to be lower than the original bank case projections. Spot prices are expected to stabilize to the long-term projections by 2017 when the Sistema Interconectado del Norte Grande (“SING”) and SIC electricity networks are scheduled to be connected and the SIC network expansion is expected to be completed.


Spotpreise haben so ihre Tücken...

[R-BgO]

Umsatabschätzung:

Italien 34,6 Mio. kWh x 35c x 1,12$/EUR = 13,6 MUSD
Chile 36,5 Mio. kWh x 2,5c = 1 MUSD
Japan 2,6 Mio. kWh x 40Y /120Y/USD = 1 USD

zusammen 15-16 MUSD

mal sehen, ob das am Ende ungefähr stimmt...

in Q2 waren es 17 MUSD

[R-BgO]

Antwort auf Beitrag Nr.: 50.920.947 von R-BgO am 23.10.15 20:17:49

yep, es waren 15,9

bei einer EK-Quote von gut 3% wird mir aber schwummrig...

[R-BgO]

Jahres-Ergebnis kam heute

Verlust 16 MUSD, verbleibendes EK rund 1% der Bilanzsumme

in Q4 haben sie erzielt:
-37,7c je kWh in IT
-33,2c je kWh in JP und
-2,35c je kWh in Chile

[R-BgO]

Etrion Confirms Engagement of Greenhill & Co. to Assist in Possible Sale of Italian Portfolio

September 13, 2016, Miami, Florida -

Etrion Corporation ("Etrion" or the "Company") (TSX: ETX / OMX: ETX), a solar independent power producer,
confirms that it has engaged financial advisor Greenhill & Co. International LLP to
assist in evaluating the possible sale of the Company's 60-megawatt Italian
solar portfolio. The sale of the Italian portfolio would allow the Company to
recycle some of its capital and focus its efforts on its expanding asset
portfolio in Japan.

No agreement has been reached with respect to the sale of all or any portion of
the Italian portfolio and no assurance can be given that any such sale will be
concluded.

[R-BgO]

Antwort auf Beitrag Nr.: 53.372.316 von R-BgO am 29.09.16 10:02:17

Vollzug:

https://www.etrion.com/dm/Press/pr_corp_14-11-16.pdf


53 MEUR Buchgewinn + etwaiger earn-out

[R-BgO]

Antwort auf Beitrag Nr.: 53.689.461 von R-BgO am 14.11.16 14:32:20

Schätze, sie mussten...

Anfang der Woche haben sie einen Quartalsverlust von 88 MUSD gemeldet, weil sie Salvador w-niedriger Strompreise impaired haben

[R-BgO]

Etrion and Hitachi High-Technologies to build 13.2MW solar project in Japan

Independent power producer Etrion has partnered with Hitachi High-Technologies for the construction of a 13.2MW solar project on 30.5 hectares of leased land in the Ishikawa Prefecture of Japan.

The companies will build, own and operate the Komatsu project, with financing provided by the Sumitomo Mitsui Trust Bank.

Construction is expected to begin in February 2017, with the project being fully operational by the second quarter of 2018. Once operational, Komatsu is expected to produce around 14.2GWh of solar electricity per year; enough to supply 4,000 households. Power generated from the plant will be sold to the Hokuriku Electric Power Co via a 20-year PPA at the rate of ¥32/kWh (US$0.29/kWh).

[R-BgO]

Antwort auf Beitrag Nr.: 49.918.062 von R-BgO am 05.06.15 12:36:44

(vorläufig) aufgegeben

und mit 48% Verlust bis aufs Erinnerungsstück verkauft

[R-BgO]

nicht gut...:


Japan to lower tariffs, cancel projects after paying ¥2.3tr last year for FiTs

By Andy Colthorpe Mar 01, 2017

http://www.pv-tech.org/news/japan-to-lower-tariffs-cancel-pr…

Japan is set to lower its levels of feed-in tariff (FiT) payments once again, while a multi-gigawatt pipeline of unbuilt large-scale PV projects will be “cancelled” at the beginning of April.

On the opening day of World Smart Energy Week, incorporating the PV Expo show in Tokyo, Toshimitsu Fujiki, a director at Japan’s government Ministry of Economy, Trade and Industry (METI), confirmed that a “new FiT system” will be in effect from the beginning of the new financial year, 1 April.

While Fujiki did not allude to how much would now be payable for the power generated at various scales, drops of 10% and 11% have not been uncommon in the past couple of years, with the average FiT payment currently standing at around ¥21 (US$0.19)/kWh. Japan’s renewable energy FiT has primarily fostered solar development rather than other forms of generation such as wind and biomass and Fujiki said that in 2016, the Japanese government paid out ¥2.3 trillion in tariffs.

“There are great possibilities [for renewable energy] but we must reduce costs,” Fujiki said, referencing recent tenders in Abu Dhabi that secured project development at just US$0.03/kWh as an example of what might be achieved.

[R-BgO]

Antwort auf Beitrag Nr.: 54.440.697 von R-BgO am 01.03.17 15:59:29

irgendwie haben sie Pech mit dem timing...

trotzdem haben sie in der Q4-Präsentation gekräht:

"Etrion is all about Japan"

-Italien ist verkauft
-Salvador abgeschrieben, kein cash-Nachschuß
-es gibt ein paar interessante Infos zu (mir) neuen Playern

[R-BgO]

Etrion completes Japanese 9.5MW PV project on time and within budget

By Amanda Lennon Jul 21, 2017 3:09 PM BST 0


Sweden-based independent solar producer Etrion Cooperation has finished a 9.5MW utility-scale PV project in Japan, connecting the last two remaining sites totalling 4.2MW to the grid.

The project was finished before time and within its budget, having connected the first half in February this year. Marco A. Northland, CEO, congratulated Aomori stakeholders on a brilliant performance and expressed excitement and market potential for the company.

The Aomori solar project was built in collaboration with Japanese company Hitachi High-Technologies.

The development has four sites each with a tariff of ¥36/kWh (US$0.35) under a 20-year power purchase agreement (PPA) with electric utility company Tohoku Electric Power. Etrion says the project is expected to produce 10.7GWh of solar electricity.

Marco A. northland added, that the company now has 43MW in full operation, 13MW under construction and over 250MW at various stages of development.

Etrion Cooperation operate installing solar systems in Chile and Japan.

Hitachi High-Technologies recently signed a memorandum of understanding (MoU) with Indian firm CleanMax solar to jointly offer rooftop solar to Japanese companies across India.

Corporate credit research company Teikoku Databank recently reported that 50 companies in Japan’s solar sector had already gone out of business in the first six months of 2017.

[R-BgO]

2017 schwarze Null

[R-BgO]

Antwort auf Beitrag Nr.: 57.663.966 von R-BgO am 30.04.18 17:06:26

2018 wieder Minus,

EK praktisch null;

Bilanz besteht inzwischen überwiegend aus japanischen Assets und dem in 2018 refinanzierten Bond - der überraschenderweise nahe Pari notiert