March 2018: Full repayment of corporate EUR bond, connection of first Hungarian PV power plant and expansion of pipeline to 26.1 MWp in Hungary

12.4.2018

Photon Energy published its monthly investor report for March 2018. Due to less sunny weather in Europe the proprietary portfolio of Photon Energy reported slight average underperformance by 5.7%. In particular, the Czech portfolio and the Australian plant performed on average above expectations by 1.5% and by 8.5% respectively. The Slovak portfolio, in contrast, underperformed generation estimates by 15.9%.

On 12 March 2018 Photon Energy NV repaid the outstanding nominal of EUR 6.553 million of its 8% EUR corporate bond 2013/18 (ISIN: DE000A1HELE2) at the end of the five-year term in accordance with the bond conditions. This significant step successfully closed the life-cycle of the company‘s bond market debut as well as materially strengthened its balance sheet for the future. The new 5-year corporate EUR bond issued in October 2017 can still be subscribed to.

A major milestone in Hungary has been achieved by connecting the company’s first solar power plant in the town of Fertőd, in the Győr-Moson-Sopron region. The 528 kWp plant was built by the company’s Hungarian EPC subsidiary, while its first production data will be available in the monthly report for April.

In parallel eight new projects with a total installed capacity of 5.5 MWp in the municipality of Tiszakecske in the Bács-Kiskun region have been acquired and added to the project pipeline in Hungary. As a result of this transaction the PV pipeline of Photon Energy in the country has been increased to include 38 projects totalling 26.1 MWp.

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
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Photon Energy Group > News > March 2018: Full repayment of corporate EUR bond, connection of first Hungarian PV power plant and expansion of pipeline to 26.1 MWp in Hungary

 

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