Project Salvador Secures Power Purchase Agreement with EE-ERNC-1


May 6, 2015, Geneva, Switzerland – Etrion Corporation (“Etrion” or the
“Company”) (TSX: ETX) (OMX: ETX), a solar independent power producer, and
Empresa Eléctrica ERNC-1 (“EE-ERNC-1”), a power trading company, announce the
execution of a long-term power purchase agreement (“PPA”) for Project Salvador,
a 70-megawatt (“MW”) solar power plant in northern Chile (“Project Salvador”).

As previously announced, Etrion and its partners, Total (CAC: TOTF.PA) and
SunPower (NASDAQ: SPWR), celebrated the completion of the Salvador solar power
plant in January 2015. Project Salvador is owned initially 70 percent by Etrion,
20 percent by Total and 10 percent by a local developer. Project Salvador is
expected to produce approximately 200 gigawatt-hours of solar electricity per
year, enough to supply electricity to approximately 70,000 households in Chile.

Project Salvador is currently operating on a merchant basis where the
electricity produced is sold on the spot market and delivered to the Sistema
Interconectado Central (“SIC”) electricity network. In order to secure a portion
of the revenues, Project Salvador has executed a long-term PPA with EE-ERNC-1,
an investment grade off-taker. The PPA is for approximately 35 percent of
Project Salvador’s production for 15 years starting January 1, 2016, with the
electricity price denominated in US dollars and inflated according to the US
Consumer Price Index (“CPI”).

Marco A. Northland, Etrion’s CEO, commented, “We are pleased to announce our
first PPA in the Americas and look forward to working with EE-ERNC-1 to supply
clean electricity to consumers in Chile. We continue our efforts to market
additional Salvador capacity to other off-takers for complementary long-term
contracts.”

Olivier Potart, Antuko’s Chief Investment Officer in charge of energy trading
for EE-ERNC-1, said, “The energy produced by the Salvador solar park is
extremely predictable and stable throughout the year. It is therefore a robust
energy source in EE-ERNC-1’s portfolio.”

About EE-ERNC-1

EE-ERNC-1 is a Chilean power generation company co-managed by BCI Asset
Management, the asset management arm of BCI Bank, and Antuko, a quantitative
risk management advisor specialized in the energy sector. EE-ERNC-1’s business
model consists of purchasing energy production from renewable plants (solar PV,
wind and hydro) and aggregating the production curves in order to obtain a
stable generation pattern that can be sold to traditional energy consumers
(residential, industrial , commercial, etc.) that require stable 24/7 energy
supply. For additional information, please visit Antuko’s website at
www.antuko.com.

About Etrion

Etrion Corporation is an independent power producer 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 has 34 MW of solar
projects under construction in Japan and is also actively developing greenfield
solar power projects in Japan and Chile. The Company is listed on the Toronto
Stock Exchange in Canada and the NASDAQ OMX Stockholm exchange in Sweden under
ticker symbol “ETX”. Etrion’s largest shareholder is the Lundin family, which
owns approximately 24 percent of the Company’s shares directly and through
various trusts. For additional information, please visit the Company’s website
at www.etrion.com.

Contacts:

Olivier Potart – CIO, Antuko

Telephone: +56 2 26583245, email: olivier.potart@antuko.com

Pamela Chouamier – Investor Relations, Etrion

Telephone: +41 (22) 715 20 90, email: pchouamier@etrion.com



Note: The capacity of power plants in this release is described in approximate
megawatts on a direct current (“DC”) basis, also referred to as megawatt-peak
(“MWp”).

Etrion discloses the information provided herein pursuant to the Swedish
Securities Market Act. The information was submitted for publication at 07:55
CET on May 6, 2015.

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 Etrion believes, expects or anticipates will or may
occur in the future (including, without limitation, statements relating to the
expected production from Project Salvador and the possibility of entering into
additional off-take agreements for Project Salvador). This forward-looking
information reflects the current expectations or beliefs of Etrion based on
information currently available to it as well as certain assumptions (including
that Project Salvador will be operated in a manner consistent with management’s
expectations). Forward-looking information is subject to a number of significant
risks and uncertainties and other factors that may cause actual results 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,
Etrion. Factors that could cause actual results or events to differ materially
from current expectations include, but are not limited to, the risk that Project
Salvador may not produce electricity at expected levels and the risk that the
Company may not be able to enter into additional off-take agreements for Project
Salvador on economic terms.

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, Etrion 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
Etrion 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 thereof.

Attachments

05057894.pdf