trending Market Intelligence /marketintelligence/en/news-insights/trending/OClolg78ZUqY8jfuPvpN3g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Etrion buys out minority stake in Japanese solar portfolio

Case Study: A Utility Company Efficiently Sharpens Its Focus on the Credit Risk of New Customers

Energy Evolution Podcast

Energy Evolution Why solar energy could get even cheaper

Energy Evolution Podcast

US energy officials push innovation to meet evolving energy needs

Energy Evolution Podcast

Energy futurist sees major challenges for renewables in next 30 years


Etrion buys out minority stake in Japanese solar portfolio

Etrion Corp. purchased the minority interests of Hitachi High-Technologies Corp. in four solar projects and the minority stake of Tamagawa Holdings Co. Ltd. in the 9.5-MW Misawa solar project, all in Japan, for a combined total of $4.4 million.

The transaction raises Etrion's net capacity to 56.8 MW from 47.0 MW, it said in a news release Jan. 16.

Etrion also renegotiated the operations and maintenance contracts previously provided by Hitachi High-Technologies and transferred them to other companies within the Hitachi Ltd. group. Etrion has now taken over two asset management contracts from Hitachi High Technologies for all of Etrion's four solar projects.

Also, Etrion's entire solar portfolio was transferred into a structure that results in improved cash flow distributions, among other benefits. In accordance with the deal, the project debt in the 9.3-MW Mito project was increased by about $2.7 million for transaction costs and fees, to be repaid with the remainder of the existing loan within the original tenor.