Photon Energy connects 6 MWp of solar farms in Romania
- Amsterdam-based independent power manufacturer Photon Energy NV (WSE: PEN) stated on Thursday it had actually settled 3 solar PV projects amounting to 6 MWp near the city of Calafat, southerly Romania, as well as connected the plants to the grid.
The freshly commissioned solar farms have actually enabled Photon to pass the symbolic turning point of 100 MWp and get to 103.6 MWp of combined generation capacity throughout its markets.
The Calafat plants occupy over 10.2 hectares of greenfield land, currently populated with concerning 10,800 solar panels installed on single-axis trackers. Photon anticipates them to upload up some 9.6 GWh of electricity per year to the grid of circulation company Distributie Energie Oltenia.
The output from the solar farms will certainly be sold on the energy market on a seller basis, without any federal government assistance or power purchase agreements affixed to the projects, Photon claimed.
The solar farms are anticipated to generate EUR 1.4 million (USD 1.5 m) in revenues based on the existing forward prices for power base tons in Romania over the following year, according to the firm's declaration.
Said Georg Hotar, Photon Energy Group CEO: "The nuclear power plant in Calafat mark another essential action in our efforts to commission our initial set of eight nuclear power plant with a complete capacity of 31.5 MWp in Romania for which we lately shut the project funding."
With the current plants, Photon currently has and also runs 92 solar farms in the markets of Central and Southeast Europe and also Australia. At present, over 87 MWp of the plants market electricity directly on the energy market, Photon included.
