October 2022 at Photon Energy Group

In October our independent power producer (IPP) portfolio of PV power plants produced 9.5 GWh of electricity.

On a year-to-date basis, 111.4 GWh of electricity has been produced, compared to 92.4 GWh during the same reporting period last year, an increase of 20.6%

The clean electricity generated by our plants since the beginning of 2022 represents an avoidance of 43,836 t of CO2 emissions.

In October we closed a long-term, non-recourse project refinancing agreement in the amount of EUR 28.1 million with UniCredit Bank Czech Republic and Slovakia a.s. for nine proprietary PV power plants in the Czech Republic.

We have tapped our 6.50% Green EUR Bond 2021/2027 in the amount of EUR 12.5 million to a total outstanding amount of EUR 77.5 million.

The outstanding nominal value of EUR 15.232 million of our 7.75% Corporate EUR Bond 2017/2022 (ISIN: DE000A19MFH4) was fully repaid at the end of the five-year term in accordance with the bond conditions.

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