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Lundin-backed Etrion looks to Japan

Etrion Corp., the Toronto-listed solar developer backed by the Lundin family, is set to announce a deal to partner with Hitachi Ltd. to develop projects in Japan.

Japan’s energy focus has shifted quickly to renewables in the wake of the Fukushima nuclear disaster. Hitachi High-Technologies Corp., a Hitachi subsidiary, and Etrion have a relationship from projects they have done together in Italy, which led to the project in Japan, said people familiar with the transaction.