Our proprietary portfolio of PV power plants produced 13.3 GWh of electricity. On year-to-date basis 47.6 GWh of electricity was produced compared to 37 GWh during the same reporting period last year, an increase of 28.7%. This represents an avoidance of 18,873 of CO2 emissions for the first five months in 2021. We are currently developing PV projects with total capacity of 541 MWp.
In June we announced our growth strategy for 2021 – 2024 with a plan for the expansion of our proprietary portfolio of PV power plants to at least 600 MWp.
We raised EUR 7.7 million through the offering of 5 million existing treasury shares to qualified investors.
We made a follow-on equity investment of AUD 3 million (EUR 1.9 million) in RayGen Resources, maintaining a 9% stake in the company.