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2017-02-08

Etrion: Etrion Connects First Half of 9.5 MW Aomori Solar Project in Japan

February 8, 2017, Miami, Florida, and Tokyo, Japan - Etrion
Corporation ("Etrion" or the "Company") (TSX: ETX) (OMX: ETX), a
solar independent power producer, announces that the first two sites
of the Aomori solar project totaling 5.3 megawatts ("MW") have been
connected to the grid and will start recognizing revenues following
testing by the end of February 2017. These first two sites, built by
Hitachi High-Technologies, were completed on time and on budget.

Aomori is a 9.5 MW utility-scale solar photovoltaic ("PV") power
project with four sites in the Aomori prefecture of Japan. The
remaining two sites under construction are expected to be fully
operational by the third quarter of 2017 as originally planned. Each
Aomori site has a twenty-year power purchase agreement ("PPA") with
the Tohoku Electric Power utility and will receive ¥36 per
kilowatt-hour ("kWh") produced (approximately US$0.35 per kWh). Once
fully operational, the Aomori solar project is expected to produce
approximately 10.7 gigawatt-hours ("GWh") of solar electricity.

Marco A. Northland, Etrion's Chief Executive Officer, commented, "We
continue to make significant progress in Japan, and we are very happy
to increase our installed capacity on time and on budget. I
congratulate every stakeholder in the Aomori project for performing
brilliantly."

In Japan, Etrion now has 39.3 MW operational and 17.4 MW under
construction.

About Etrion

Etrion Corporation is an independent power producer that develops,
builds, owns and operates utility-scale solar power generation
plants. The Company owns 109 MW of installed solar capacity in Chile
and Japan. Etrion has 17 MW of solar projects under construction in
Japan and is also actively developing additional greenfield solar
power projects in Japan. Etrion 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.

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").

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are published. Click here to subscribe
(https://www.etrion.com/press_release_subscribe.php)

Etrion discloses the information provided herein pursuant to the
Swedish Securities Market Act. The information was submitted for
publication at 8:05 a.m. CET on February 8, 2017.

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 proposed advancement of
Etrion's Japanese development activities). 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 assumptions Etrion's ability to advance its
growth plans in Japan). 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 risks that: Etrion may not be able to obtain all applicable
permits for the development of its current Japanese development
projects; Etrion may not be able to obtain the necessary financing
for such projects on economic terms and the development costs for
such projects may be higher than anticipated; and Etrion may not be
able to source additional projects in Japan on economic terms to the
extent 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.

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

Paul Rapisarda - Chief Financial Officer

Telephone (Miami, FL, USA): +1 (786) 636-6449

Telephone (Geneva, Switzerland): +41 (22) 715 20 90

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http://news.cision.com/etrion/r/etrion-connects-first-half-of-9-5-mw-aom...
http://mb.cision.com/Main/2423/2182836/625227.pdf

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