Last C$0.51 CAD
Change Today 0.00 / 0.00%
Volume 1.5K
As of 4:00 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

etrion corp (ETX) Snapshot

Open
C$0.51
Previous Close
C$0.51
Day High
C$0.51
Day Low
C$0.51
52 Week High
03/14/14 - C$0.74
52 Week Low
12/17/14 - C$0.33
Market Cap
170.4M
Average Volume 10 Days
5.4K
EPS TTM
C$-0.06
Shares Outstanding
334.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for ETRION CORP (ETX)

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etrion corp (ETX) Details

Etrion Corporation, an independent power producer, acquires, develops, builds, owns, and operates solar power plants in Italy. As of October 14, 2014, the company owned 17 solar power plants with approximately 60 megawatts of installed capacity. It has a strategic partnership with Hitachi High-Technologies Corporation for the development, financing, construction, ownership, and operation of utility-scale solar power plants in Japan. The company was formerly known as PetroFalcon Corporation and changed its name to Etrion Corporation in September 2009. Etrion Corporation was incorporated in 1993 and is headquartered in Geneva, Switzerland.

23 Employees
Last Reported Date: 03/12/14
Founded in 1993

etrion corp (ETX) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $451.6K
Chief Financial Officer
Total Annual Compensation: $301.1K
Interim Chief Financial Officer and Director
Total Annual Compensation: $176.9K
Compensation as of Fiscal Year 2013.

etrion corp (ETX) Key Developments

Etrion Corporation Presents at Pareto Securities Nordic Corporate Bond Conference 2015, Jan-22-2015 01:15 PM

Etrion Corporation Presents at Pareto Securities Nordic Corporate Bond Conference 2015, Jan-22-2015 01:15 PM. Venue: Stockholm, Sweden.

Etrion Corporation Announces Update on Solar Photovoltaic Projects Under Construction and Development in Japan

Etrion Corporation announced an update on its solar photovoltaic projects under construction and development in Japan. Japanese Projects under Construction (34 MW): The company started construction in fourth quarter of 2014 on 34 MW in Japan owned 87% by Etrion and 13% by Hitachi High-Technologies Corporation. The 9.3 MW Mito and the 24.7 MW Shizukuishi power plants are being built by Hitachi High-Tech and are expected to be operational in 2015 and 2016, respectively. Mito is a 9.3 MW utility-scale solar photovoltaic (PV) power project including five sites under construction in the Ibaraki Prefecture of Japan. Construction began in October 2014, and the first drawdown on the non-recourse senior loan facility from Sumitomo Mitsui Trust Bank was executed in December 2014. In fourth quarter of 2014, the project company entered into two of the five planned 20-year power purchase agreements (PPAs) with Tokyo Electric Power Company (TEPCO) under which the project company will receive 40 per kilowatt-hour (kWh) produced (approximately $0.33 per kWh). The remaining three PPAs are expected to be signed by March 2015. Construction is proceeding on schedule with the estimated connection dates for each site expected between May and August 2015, more than five months earlier. Shizukuishi is a 24.7 MW utility-scale solar PV power plant under construction on one site in the Iwate Prefecture of Japan. Construction-related works began in October 2014, and the first drawdown on the non-recourse senior loan facility from Sumitomo Mitsui Trust Bank was executed in September 2014. In the third quarter of 2014, the project company entered into a 20-year PPA with Tohoku Electric Power Co. Inc. to receive 40 per kWh produced (approximately $0.33 per kWh). Construction works are proceeding on schedule, and the project is expected to connect to the grid in July 2016, five months earlier. Japanese Advanced Project Development Pipeline (138 MW): In 2012, Etrion and Hitachi High-Tech signed an agreement to develop a pipeline of solar assets in Japan. In addition to the 34 MW already under construction, the joint development team is reviewing a large pipeline of opportunities in different stages of development and in different stages of negotiation with third parties. The four most advanced projects total 138 MW and are outlined below. Etrion expects to own 70 to 85% in the Japanese projects, with Hitachi High-Tech and/or local development partners owning the remainder. Japan Greenfield Project 1 is a 24 MW solar project in southern Japan with the Feed-in-Tariff (FiT) and land contract secured. The project is expected to be shovel-ready by first quarter of 2016. Japan Brownfield Project 1 is a 50 MW solar project in southern Japan with the FiT secured, land contract secured and grid impact studies completed. Etrion has secured exclusivity with the developer, and the project is expected to be shovel-ready by fourth quarter of 2015. Japan Brownfield Project 2 is a 50 MW solar project in southern Japan with the FiT secured, land contract secured and grid impact studies completed. Etrion has secured exclusivity with the developer, and the project is expected to be shovel-ready by fourth quarter of 2015. Japan Brownfield Project 3 is a 14 MW solar project in southern Japan with the FiT secured, land contract secured and grid impact studies completed. The project is expected to be shovel-ready by fourth quarter of 2015. These projects may be replaced by other projects within the next twelve months in order to accelerate construction or improve project economics.

Etrion Corporation Reports Net Debt as on December 31, 2014

Etrion Corporation reported net debt as on December 31, 2014. Net debt on a cash basis as on date was approximately $411.5 million.

 

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