- The Company has completed and grid-connected an additional power plant in Romania with a generation capacity of 3.2 MWp located near Sărulești in Călărași County.
- The Sărulești power plant is Group’s thirteenth Romanian photovoltaic asset, bringing the total capacity of its Romanian portfolio to 51.6 MWp.
- The total annual production of the power plant is expected to be approximately 4.9 GWh, corresponding to estimated revenues of EUR 400,000 in 2025 based on Transelectrica’s (the Romanian electricity transmission system operator) off-take conditions.
Amsterdam/Bucharest – 18 October 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. – the Group’s Romanian subsidiary dedicated to engineering, procurement and construction (EPC) services – has completed and grid-connected another photovoltaic (PV) power plant in the Romanian market. The power plant has a generation capacity of 3.2 MWp.– 18 October 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. – the Group’s Romanian subsidiary dedicated to engineering, procurement and construction (EPC) services – has completed and grid-connected another photovoltaic (PV) power plant in the Romanian market. The power plant has a generation capacity of 3.2 MWp.
“We are proud to have expanded our portfolio of operating solar PV assets by an additional 3.2 MWp in Romania,” said Georg Hotar, CEO of Photon Energy Group. “This latest addition brings our portfolio in Romania to thirteen power plants with a combined installed capacity of 51.6 MWp, confirming our strong project pipeline this year and the dynamic growth in the Romanian market.”
Located near Sărulești (Călărași County), the power plant extends over 4.5 hectares of greenfield land and is equipped with a total of 5,760 high-efficiency bifacial PV modules mounted on single-axis trackers. The Company expects the power plants to generate approximately EUR 400,000 in revenues in 2025 based on Transelectrica’s off-take conditions.
With an estimated annual production of 4.9 GWh, the new power plant will deliver clean energy to the grid managed by E Distributie Dobrogea S.A. After obtaining the electricity generation licence, the electricity generated will be sold on the energy market on a merchant basis, without any governmental support or a power purchase agreement with an energy off-taker.
The Company’s IPP (Independent Power Producer) portfolio now includes 100 solar power plants, with a combined generation capacity of 129.7 MWp.
In the Romanian market, Photon Energy offers a wide range of services including project development, EPC (engineering, procurement and construction) and O&M (operations and maintenance) of PV power plants. In addition, the Company distributes best-in-class PV components and builds PV rooftop installations for both commercial and industrial customers.
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