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Photon Energy N.V.: Acquiring solar PV project in Hungary (2017-07-13)

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RB 20/2017:Photon Energy acquires 520 kW solar PV project in Hungary

Firma: PHOTON ENERGY N.V.
Spis treści:
1. RAPORT BIEŻĄCY
2. PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ

Photon Energy N.V. announces the acquisition of a project for a 520 KWp solar power plant in the North-West of Hungary. The project is ready-to-build and Photon Energy intends to start construction in 2017Q3 and connect the power plant before year-end. <br />
Photon Energy acquired 100% of the shares in Fertőd Napenergia-Termelő Kft., a Hungarian limited-liability company owning all licenses, rights and permits (including a valid construction permit) for the construction of a 520 KWp (DC) photovoltaic power plant (subject to a 499 KW AC grid connection). The project is located in the municipality of Fertőd, in the Győr-Moson-Sopron region of Hungary.<br />
The PV plant is eligible for support under the KAT support system guaranteeing an off-take price of HUF 31,770 (EUR 103.34) per MWh of electricity supplied to the grid. During the 25-year support period the power plant is licensed to sell 14.3 GWh of renewable energy, generating revenues of at least EUR 1.478 million over the entire period.<br />
&#8220;The acquisition of the Fertőd project expands Photon Energy&#8217;s project pipeline in Hungary to 12 projects with a planned installed capacity of 6.8 MWp&#8221;, explained Photon Energy CEO Georg Hotar. &#8220;We have certainly hit the Hungarian ground running. With this project we are sending a clear signal to our investors that we are committed to expanding our portfolio or power plants and with it significantly strengthen our long-term revenues&#8221;, Hotar concluded.<br />

Legal basis: § 5 ust. 1 point no.2 of the Appendix 3 to Regulations of the Alternative Trading System -"Current and Periodic Information in the Alternative Trading System".

Data
Imię i Nazwisko
Stanowisko
Podpis
2017-07-13 18:20:05 Georg Hotar Director
2017-07-13 18:20:05 Michael Gartner Director

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