ISIN:NL0010391108

EQS-News: Photon Energy Group Secures Polish Capacity Market Contracts for 316 MW, Locking in Revenues of EUR 13 Million for 2025

Retrieved on: 
Wednesday, April 10, 2024

Photon Energy Group Secures Polish Capacity Market Contracts for 316 MW, Locking in Revenues of EUR 13 Million for 2025

Key Points: 
  • Photon Energy Group Secures Polish Capacity Market Contracts for 316 MW, Locking in Revenues of EUR 13 Million for 2025
    The issuer is solely responsible for the content of this announcement.
  • Photon Energy Group Secures Polish Capacity Market Contracts for 316 MW, Locking in Revenues of EUR 13 Million for 2025
    As a result of additional auctions for 2025, the Company concluded contracts for 316 MW (out of which 315 MW is DSR capacity) in addition to the previously contracted 10 MW for the same year, ensuring PLN 56.1 million (EUR 13 million) in revenues for 2025.
  • With the previously contracted capacity of 10 MW for 2025, the Company’s total capacity obligation of 316.088 MW will ensure PLN 56.1 million (EUR 13 million) in Capacity Market revenues for 2025.
  • Photon Energy participated and secured 316 MW in capacity, with 315 MW designated for DSR (Demand Side Response) units.

EQS-News: Photon Energy Group Presents Preliminary Results for 2023

Retrieved on: 
Wednesday, March 13, 2024

Amsterdam – 20 February 2024 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (the ‘Group’ or the ‘Company’) has announced its unaudited financial results for the fourth quarter of 2023 and for the full fiscal year ending 31 December 2023.

Key Points: 
  • Amsterdam – 20 February 2024 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (the ‘Group’ or the ‘Company’) has announced its unaudited financial results for the fourth quarter of 2023 and for the full fiscal year ending 31 December 2023.
  • ‘We are aware that the results published in this Q4 2023 report are not what we wished for and promised at the beginning of 2023.
  • Despite all these adversities, we managed to achieve the largest increase in generation capacity in the history of Photon Energy Group with overall 35.4 MWp commissioned within a year,’ said Georg Hotar, CEO of Photon Energy Group.
  • Furthermore, on 24 January 2024, EBRD approved the provision of a financing facility to Photon Energy Group in the amount of up to 15 million EUR.

EQS-News: Powering Progress: Photon Energy Commissions its 10th PV Power Plant in Romania

Retrieved on: 
Monday, February 5, 2024

Amsterdam/Bucharest – 1 February 2024 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’ or the ‘Company’) announces that Photon Energy Engineering Romania S.R.L.

Key Points: 
  • Amsterdam/Bucharest – 1 February 2024 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’ or the ‘Company’) announces that Photon Energy Engineering Romania S.R.L.
  • ‘We are pleased to announce the successful commissioning of our tenth PV power plant in Romania, marking a significant milestone for our activities in this core market,’ said Georg Hotar, CEO of Photon Energy Group.
  • The power plant is owned and operated by a special-purpose subsidiary of Photon Energy Group.
  • In the Romanian market, Photon Energy offers a wide range of solar power solutions including project development, EPC (engineering, procurement and construction) and O&M (operations and maintenance) for PV power plants.

EQS-News: Photon Energy Group Announces Project Sale and Development Partnership with INWE Group

Retrieved on: 
Tuesday, January 30, 2024

Photon Energy Group has sold the project development rights to its PV Project in Złoczew, Poland (2.3 MW AC) to INWE Group’s subsidiary PM PV 7.

Key Points: 
  • Photon Energy Group has sold the project development rights to its PV Project in Złoczew, Poland (2.3 MW AC) to INWE Group’s subsidiary PM PV 7.
  • Photon Energy Group and INWE Group are in advanced negotiations regarding a comprehensive partnership for the sale and development of Photon Energy Group’s small- and mid-sized Polish PV projects, which have a total capacity of up to 11.5 MW AC.
  • Amsterdam/Warsaw – 25 January 2024 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’, the ‘Company’ or the ‘Seller’), a leading international renewable energy services provider, recently announced the signing of a sale and development agreement with PM PV 7 Sp.
  • What started with INWE Group entrusting their already operating PV power plants to Photon Energy Operations Polska for O&M services, is growing into a more comprehensive partnership,’ said Georg Hotar, CEO of Photon Energy Group.

EQS-News: Photon Energy Signs 20-year On-site Power Purchase Agreement with FORVIA Clarion Hungary for 13.5 GWh

Retrieved on: 
Tuesday, January 30, 2024

Under the power purchase agreement (PPA), Photon Energy will develop, build and operate a 630 kWp solar PV power plant on the customer’s premises which is projected to generate 13.5 GWh of electricity over the 20-year contract period.

Key Points: 
  • Under the power purchase agreement (PPA), Photon Energy will develop, build and operate a 630 kWp solar PV power plant on the customer’s premises which is projected to generate 13.5 GWh of electricity over the 20-year contract period.
  • Clarion Hungary, a subsidiary of the global automotive technology leader FORVIA, will be the corporate offtaker for 100% of the energy produced by the power plant upon its completion.
  • Amsterdam/Budapest – 30 Januray 2024 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’ or the ‘Company’) announces that its Hungarian subsidiary Photon New Energy Alfa Kft.
  • has signed a 20-year on-site power purchase agreement with FORVIA Clarion Hungary, a subsidiary of the global automotive industry leader FORVIA, for the construction and operation of an on-site solar PV power plant with an approximate capacity of 630 kWp.