December 2017: Portfolio outperformance, partial retirement of 2013/18 EUR bond, update on construction in Hungary and office opening in Budapest

11.1.2018

Photon Energy published its monthly investor report for December 2017. The power plants in the company's proprietary portfolio produced on average over 14% more energy in December than expected, which brought the average yearly outperformance to 8.3% against generation estimates, while the total production in 2017 exceeded the production for the full year 2016 by 4.6%.

An agreement with an investor holding EUR 1.5 million nominal of the 8% EUR bond 2013/18 has been reached on the repurchase of the investor’s entire bond holdings, which will be withdrawn and retired, thus significantly reducing the outstanding nominal value of Photon Energy’s 2013/18 EUR bond.

Photon Energy also progressed on the construction of its first Hungarian photovoltaic power plant with an installed capacity of 528 KWp in the Western Hungarian municipality of Fertőd. To support the company’s business activities in Hungary an office in Budapest has been opened.

Download the monthly report here (pdf).

All our reports can be found on the Reports page in our Investor Relations section.

MEDIA CONTACT

Anastasia Hotar
T  +420 775 861 732
E  

 

<< Back to News.

Photon Energy Group > News > December 2017: Portfolio outperformance, partial retirement of 2013/18 EUR bond, update on construction in Hungary and office opening in Budapest

 

News

loading...
 

EUR Bond 2017

Quicklinks

Australia

Glossary

Imprint

Careers

Customer login

Click here to access

Cookies

We use cookies to personalise content, to provide social media features and to analyse our traffic. See details.

 

News

loading...
 

EUR Bond 2017

Quicklinks

Australia

Glossary

Imprint

Careers

Customer login

Click here to access

Cookies

We use cookies to personalise content, to provide social media features and to analyse our traffic. See details.