10% holder buying at Etrion (ETX)

10% holder buying at Etrion (T:ETX)

Lorito Holdings S.a.r.l., a 10% Holder, acquired 20,140,094 Common Shares on a direct ownership basis at a price of $0.250 on May 18th, 2018. This represents a $5,035,024 investment into the company's shares and an account share holdings change of 48.5%.

Etrion is in the Independent Power Producers Sub Industry Group under the Utilities Sector.

Etrion SA is a Switzerland-based independent power producer (IPP) that develops, builds, owns and operates utility-scale solar power generation plants. The Company owns 130 MW of installed solar capacity in Italy and Chile. Etrion also has 34 MW of solar projects under construction in Japan and is actively developing greenfield solar power projects in Japan and Chile. Etrion's 60 MW portfolio of solar photovoltaic (PV) projects in Italy generated more than 100 million kilowatt-hours (kWh) of electricity. The Company has one reportable segment, the renewable energy segment, which includes the Group's solar power projects. The Company focuses on countries with solar irradiation and government incentives for solar power production, specifically feed-in-tariff (FiT) environments like Italy. It also focuses on power purchase agreements (PPAs) with industrial clients in the Americas.