May 2020 at Photon Energy

12.6.2020

Poor weather conditions in May led to an underperformance of generation results in the energy audits. The average performance of all power plants in Photon Energy’s portfolio came in approximately 5.8% below expectations. However, on a year-to-date basis, the overall performance still exceeds forecasts by 14.5% 

Photon Energy announced its intention to move to the main markets of the Warsaw and Prague Stock Exchanges, and to secure a listing on the Frankfurt Quotation Board. A prospectus is being prepared, to be published once it’s been approved by the relevant supervisory authority. 

Two PV power plants with a combined capacity of 14 MWp will be added to Photon Energy’s PV portfolio in Australia. Debt financing agreements have been signed, and commissioning is expected in Q4 2020, after which long-term O&M services will be provided by Photon Energy Operations Australia Pty Ltd. 

Construction has begun on ten PV power plants in Hungary, with a combined capacity of 14.1 MWp. The Group will operate them through four wholly-owned project companies. The plants will extend over 19.8 hectares, and are expected to generate 20 GWh of clean energy per year. These new additions will extend the Company’s Hungarian portfolio to 49.1 MWp. 

Download the monthly report here (pdf).

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

MEDIA CONTACT

Martin Kysly
Photon Energy
T +420 774 810 670

  

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