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Etrion Investing $400 Million in Chile Solar: Diario Financiero

Aug. 21 (Bloomberg) -- Etrion Corp., a Swiss renewable-energy developer, is investing about $400 million building and buying solar projects in Chile, according to the local newspaper Diario Financiero.

The company is building two solar projects in northern Chile with a total of 100 megawatts of capacity, Christian Claveria, Etrion’s general manager in Chile, told the newspaper yesterday. Construction is expected to begin next year and will cost about $200 million.

Etrion is also spending another $200 million to acquire a 70 percent stake in a 68-megawatt solar project that will go into operation this year in Chile’s Atacama Desert, the article said.

To contact the reporter on this story: Vanessa Dezem in Sao Paulo at vdezem@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Will Wade, Steven Frank

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