The Swiss IPP finished its fourth Japanese PV plant located in Japan. Overall, the Swiss company is working on a 190 MW backlog of projects in Japan.
Etrion has revealed that it has purchased €6.3 million ($7.4 million) of its outstanding corporate bonds.
Etrion has recorded a consolidated net loss of $14.4 million in the first half of 2017, primarily due to depreciation and financing expenses.
Etrion has connected 4.2 MW (DC) of solar capacity to the grid at two sites in Japan’s Aomori prefecture. The two arrays are part of a 9.5 MW project spanning four locations.
An internal U.S. government watchdog is looking at the loans which kick-started large-scale solar in Chile, after at least three of five solar projects have made moves to restructure these loans.
The independent power producer recorded a net loss of $110.4 million from its continuing operations — up sharply from $27.5 million a year earlier — due to impairment expenses totalling $75.7 million, in addition to a net deferred tax write-off of $6.9 million.
With this action the independent power producer has halved the value of its outstanding bonds, and will reduce its annual interest costs by 50%.
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