Etrion receives final installment of JPY200m from Kumamoto solar project sale

Etrion Corporation (Etrion), an independent solar power producer, has collected the final installment of JPY 200 million (US$1.8 million) under the rights sale agreement for the 45 MW Kumamoto solar park project rights in the Kumamoto prefecture of southern Japan.

In December 2018, Etrion reached an agreement and transferred all the rights of the Kumamoto solar park project to the original developer for total consideration of JPY610 million (US$5.5 million), of which JPY410 million (US$3.7 million) was previously collected by Etrion, and the remaining JPY200 million (US$1.8 million) was received on September 10, 2019 upon meeting certain conditions associated with the permitting of the project.

Etrion Corporation is an independent power producer that develops, builds, owns and operates utility-scale solar power generation plants. The Company owns and operates 57 MW of solar capacity and owns the 45 MW Niigata project under construction, all in Japan.