PV

Etrion Corporation ("Etrion" or the "Company") (TSX:ETX)(OMX:ETX), an
independent solar power producer, announces the completion of the Nettuno solar
park in Lazio, Italy. 


Marco Northland, Etrion's CEO, commented, "We are pleased to complete the
Nettuno solar park ahead of schedule, and we look forward to finishing two
additional parks shortly." 


The Nettuno park has a total capacity of 2.6 megawatts ("MW") and is expected to
produce more than 3.5 million kilowatt hours ("kWh") of clean electricity and
approximately 1.0 million euros of earnings before interest, taxes, depreciation
and amortization ("EBITDA") per year.


The project is expected to benefit from the feed-in-tariff ("FiT") of 0.25 euros
per kWh plus a market price of approximately 0.08 euros per kWh. 


The Italian FiT is a premium purchase price for solar electricity that is
guaranteed by the Italian government for 20 years from the start of operations. 


The Nettuno park is a ground-based solar photovoltaic ("PV") power plant built
by Phoenix Solar using Trina modules with crystalline, fixed-tilt technology and
SMA inverters.


A syndicate of banks, including Natixis, WestLB and Mediocreval, provided more
than 84% of the financing for the project with an 18-year, non-recourse loan.


About Etrion

Etrion Corporation acquires, develops, builds, owns and operates solar power
plants. Etrion currently owns 50 MW of operational, ground-based solar PV power
plants and has 10 MW under construction in Italy. The Company is listed on the
Toronto Stock Exchange and the NASDAQ OMX Stockholm exchange (ticker symbol
"ETX"). Etrion's largest shareholder is the Lundin family, which owns
approximately 25% of the Company's shares through various trusts.


For additional information, please visit the Company's website at www.etrion.com 

Forward-Looking Information:

This press release contains certain "forward-looking information". All
statements, other than statements of historical fact, that address activities,
events or developments that the Company believes, expects or anticipates will or
may occur in the future (including, without limitation, statements relating to
the expected production of electricity from the Nettuno solar park and the
expected earnings resulting therefrom, statements relating to the FiT and spot
market price expected to be received for sales of electricity from such solar
park, and the anticipated completion of two additional solar parks under
construction) constitute forward-looking information. This forward-looking
information reflects the current expectations or beliefs of the Company based on
information currently available to the Company as well as certain assumptions
including, without limitation, assumptions as to the spot market price at which
the Company will be able to sell electricity from the Nettuno solar park and the
applicable FiT to be received therefrom, the Company's ability to realize EBITDA
margins for such park that are equivalent to the average margins for similar
projects, and the ability of the Company to complete the construction of the
additional solar parks in a timely manner. Forward-looking information is
subject to a number of significant risks and uncertainties and other factors
that may cause the actual results of the Company to differ materially from those
discussed in the forward-looking information, and even if such actual results
are realized or substantially realized, there can be no assurance that they will
have the expected consequences to, or effects on the Company. Factors that could
cause actual results or events to differ materially from current expectations
include, but are not limited to, a material reduction or the lack of
confirmation of the applicable FiT and/or spot market price to be received by
the Company for electricity sales from the Nettuno solar park by Gestore Servizi
Energetici and the local utility, respectively, and unforeseen construction
delays in connection with the completion of the additional parks under
construction. 


Any forward-looking information speaks only as of the date on which it is made
and, except as may be required by applicable securities laws, the Company
disclaims any intent or obligation to update any forward-looking information,
whether as a result of new information, future events or results or otherwise.
Although the Company believes that the assumptions inherent in the
forward-looking information are reasonable, forward-looking information is not a
guarantee of future performance and accordingly undue reliance should not be put
on such information due to the inherent uncertainty therein.

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