Etrion Corporation announced preliminary production results for the year ended December 31, 2015. During the period, Etrion's 100% owned 60-megawatt solar portfolio in Italy produced approximately 102.4 million kilowatt-hours of electricity, 1.8% more than in 2014. Etrion's Italian solar parks receive the weighted average feed-in-tariff of approximately EUR 0.30 per kWh plus the spot price for each kWh of electricity produced.

During 2015, the Italian spot price averaged EUR 0.05 per kWh. Etrion's 70% owned 70 MW Salvador solar power plant in northern Chil produced approximately 162.9 million kWh of electricity, below expectations due to lower than expected solar irradiation and electricity curtailments applied to all generators in the area near Project Salvador to balance supply and demand due to network bottlenecks expected to be resolved in 2017. Project Salvador began operations in January 2015 and approximately 65% of the electricity produced is currently sold on the spot market and delivered to the Sistema Interconectado Central electricity network.

Etrion's 87% owned 9.3 MW Mito solar project in the Ibaraki Prefecture of Japan produced a total of approximately 5.5 million kWh of electricity. All five sites of the Mito cluster have been operational since August 2015.