January 2018: Deal with Canadian Solar, nearly doubling of Hungarian project pipeline, outstanding financial results

13.2.2018

Photon Energy published its monthly investor report for January 2018. Due to unfavourable weather conditions in some regions the power plants in the company's proprietary portfolio produced on average 1% less energy than expected.

In Australia Photon Energy signed an agreement for the joint development of five of its utility scale solar projects with a total capacity of 1.14 GWp in New South Wales, Australia with Canadian Solar, one of the world’s largest solar power companies.

In Hungary the company announced expansion of its project pipeline by adding 13 projects in two different locations, thus increasing it nearly twofold up to 20.6 MWp.

Finally, Photon Energy released its report for Q4 2017, announcing more than a doubling in revenues and an 81% consolidated EBITDA increase, whereas for the full year 2017 consolidated revenues grew by 31.9% to EUR 17.258 million.

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
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Photon Energy Group > News > January 2018: Deal with Canadian Solar, nearly doubling of Hungarian project pipeline, outstanding financial results

 

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