Poor weather conditions in May ledto an underperformance of generation results in the energy audits.The average performance of all power plants in Photon Energy’sportfolio came in approximately 5.8% below expectations. However,on a year-to-date basis, the overall performance still exceedsforecasts by 14.5%
Photon Energy announced itsintention to move to the main markets of the Warsaw and PragueStock Exchanges, and to secure a listing on the Frankfurt QuotationBoard. A prospectus is being prepared, to be published once it’sbeen approved by the relevant supervisory authority.
Two PV power plants with acombined capacity of 14 MWp will be added to Photon Energy’s PVportfolio in Australia. Debt financing agreements have been signed,and commissioning is expected in Q4 2020, after which long-termO&M services will be provided by Photon Energy OperationsAustralia Pty Ltd.
Construction has begun on ten PVpower plants in Hungary, with a combined capacity of 14.1 MWp. TheGroup will operate them through four wholly-owned projectcompanies. The plants will extend over 19.8 hectares, and areexpected to generate 20 GWh of clean energy per year. These newadditions will extend the Company’s Hungarian portfolio to 49.1MWp.
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Martin Kysly
Photon Energy
T +420 774 810 670
E martin.kysly@photonenergy.com