Photon Energy Group connects the first photovoltaic power plant to its European portfolio
23:36
Hungarian subsidiary of the group dedicated to engineering, procurement, and construction (EPC) services, Photon Energy Solutions, launched and grid-connected a 1.3 MWp solar power plant. The company's Hungarian assets currently include 62 power plants with a total capacity of 50.4 MWp. Globally, the group owns and operates 87 power plants with a total capacity of 90.6 MWp.
"This is a special event for us. We are putting into operation the first power plant in our own portfolio in Hungary, which will operate without any state support. It is also the first European power plant of the group in line with our new market strategy, assuming the development and construction of photovoltaic power plants, which operate competitively in the energy market," Georg Hotar, CEO of Photon Energy Group, said.
The power plant construction cost was €1 million. This is the first investment financed thanks to the proceeds from the November issue of EUR 2021/2027 green bonds. The new power plant covers an area of over 2.2 hectares and uses double-sided photovoltaic modules mounted on single-axis trackers. Once connected to the grid, the installation will generate approximately 2.1 GWh of clean electricity per year.
(WBJ)
