Solar-focused Etrion ditches fossils

Etrion, the Switzerland-based independent power producer, has sold its legacy oil and gas assets, indicating that its business will be “entirely focused” on solar generation.

Toronto- and Stockholm-listed Etrion, which entered the PV game in 2009, has sold all its remaining shares in PFC Oil & Gas for $5m. The buyer was not named.

PFC Oil & Gas owns significant minority stakes in two Venezuelan oil and gas companies owned by Petroleos de Venezuela, the national oil company.

Last month Etrion announced that it had entered a partnership with French energy giant Total to build 70MW of unsubsidised PV capacity in Chile, known as Project Salvador, using SunPower modules.

The $200m Chilean project will be Log in to read complete article.

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