Etrion
| Publicly traded | |
| Traded as | Nasdaq Stockholm: ETX, TSX: ETX |
| Industry | Renewable Energy |
| Founded | 2008 |
| Headquarters | Geneva, Switzerland |
Key people | Ian H. Lundin (Chairman), Marco A. Northland (Chief Executive Officer and Director), Paul Rapisarda (Chief Financial Officer), Ashley Heppenstall (Director), Aksel Azrac (Director),Garrett Soden (Director) |
| Revenue | US $49.6 million (2014) |
| Total assets | US $668.1 million (2014) |
| Total equity | US $32.9 million (2014) |
| Website | Etrion |
Etrion Corporation is an independent power producer (“IPP”) that develops, builds, owns and operates utility-scale solar power generation plants.
The Company owns 139 MW of installed solar capacity in Italy, Chile and Japan. Etrion also has a 25 MW of solar project under construction in Japan and is actively developing greenfield solar power projects in Japan and Chile.
Etrion's strategy is focused on:
- Geographic Diversity Entering new regions with high electricity prices, large energy demand and abundant renewable resources or strong mandates to diversify energy mix with attractive government incentives;
- Contract Regime Diversity Complementing Feed-in-Tariff (FiT) revenues with long-term PPAs or merchant revenues;
- Yield Preparing the company to pay dividends to shareholders; and
- Growth Building a large pipeline of renewable energy development projects through key partnerships
Etrion is listed on the Toronto Stock Exchange in Canada and the NASDAQ OMX Stockholm exchange in Sweden under the ticker symbol "ETX". The Company is based in Geneva, Switzerland and has offices in Miami, USA; Rovereto, Italy; Santiago, Chile and Tokyo, Japan.
Etrion's major shareholders are the Lundin family (24.3%) and other directors and management (6.7%).