Etrion Corporation announced plans to build, own and operate a solar park with a capacity of up to 8.8 MW that is expected to be operational in the second quarter of 2014. The parties expect to sign a definitive PPA by the end of March 2013. The total project cost, including costs related to the licences, permits, development and construction, is estimated to be less than $20 million, a portion of which is expected to be financed through non-recourse project financing, with the remaining equity portion to be funded by Etrion.