Etrion connects last site of 9.3 MW Mito solar project in Japan

August 4, 2015, Geneva, Switzerland – Etrion Corporation (“Etrion” or the
“Company”) (TSX: ETX / OMX: ETX), a solar independent power producer, today
announced that the last site of the Mito solar project in Japan has been
connected to the grid and will start recognizing revenues by the end of August
2015 following testing.

Mito is a 9.3 megawatt (“MW”) utility-scale solar photovoltaic (“PV”) power
project including five sites in the Ibaraki Prefecture. The Mito project
includes a total of 28.3 hectares and is expected to produce a total of
approximately 10.5 million kWh of solar electricity per year. The solar project
is owned 87% by Etrion and 13% by Hitachi High-Technologies Corporation
(“Hitachi High-Tech”) (TOKYO: 8036), a subsidiary of Hitachi, Ltd.

The project was built by Hitachi High-Tech using Canadian Solar poly-crystalline
PV modules, fixed-tilt technology and Hitachi inverters. The project company has
entered into a long-term, fixed-price operation and maintenance agreement with
Hitachi High-Tech. The Mito project company has also entered into a 20-year
power purchase agreement (“PPA”) with Tokyo Electric Power Company (“TEPCO”)
under which the project will receive ¥40 per kilowatt-hour (“kWh”) of
electricity produced. Sumitomo Mitsui Trust Bank, Limited provided 80% of the
financing for the project with an 18-year, non-recourse loan.

About Etrion

Etrion Corporation is an independent power producer that develops, builds, owns
and operates utility-scale solar power generation plants. The Company owns 139
MW of installed solar capacity in Italy, Chile and Japan. Etrion has 25 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% of the Company’s shares directly and through
various trusts.

For additional information, please visit the Company’s website at www.etrion.com
or contact:

Pamela Chouamier – Investor Relations

Telephone: +41 (22) 715 20 90



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 08:05
Central European Time (CET) on August 4, 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
anticipated production from the Mito project and the anticipated development of
the Company’s Japanese pipeline projects). 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 all
necessary financing and regulatory or other approvals will be obtained as and
when required and that current and future solar projects will be developed and
operated in a manner consistent with the expectations of the Company). 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 failure of the
Mito project to operate as expected and the inability of the Company to obtain
the necessary financing and approvals to advance the Japanese development
pipeline as anticipated.

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.