Photon Energy to develop 32MWp solar projects in Romania by end-2022

• Solar power and clean water options group Photon Energy claimed on Monday it prepares to add a solar energy portfolio with a complete generation capacity of 32MWp by the end of this year in Romania.

The present project development pipeline in Romania goes beyond 235 MWp, Photon Energy Group stated in a news release, adhering to the beginning of building of its very first Romanian photovoltaic or pv (PV) power plant with a generation capacity of 5.7 MWp.

Located near Siria, Arad area, the power plant will certainly cross 9.3 ha of greenfield land and will be equipped with some 10,600 solar panels. The plant will be owned and also run by Siria Solar, a special purpose firm fully-owned by Photon Energy Group, as well as is set up to commence procedures in the fourth quarter of 2023.

The unit will deliver 8.7 GWh of renewable resource each year to the grid of Enel E-Distributie Banat, which will certainly be sold on the energy market on a seller basis, Photon added.

"The nuclear power plant marks another essential action in our initiatives to expand our IPP portfolio, while standing for a real milestone for Photon Energy in the Romanian renewable energy market, where we plan to appoint around 32 MWp by the end of 2022. These new Romanian assets alone will expand our IPP portfolio to over 120 MWp till completion of the year," Photon Energy Group CEO Georg Hotar stated.

Photon Energy has constructed as well as appointed solar power plants with an integrated capacity of over 100 MWp as well as has nuclear power plant with an integrated capacity of 97.6 MWp in its exclusive portfolio. It is presently creating projects with an incorporated capacity of 791.2 MWp in Australia, Hungary, Poland and Romania and offers procedures and also upkeep services for over 280 MWp worldwide.

Photon Energy N.V., the holding company for Photon Energy Group, is listed on the Warsaw, Prague and Frankfurt Stock Exchanges. The firm is headquartered in Amsterdam, with offices across Europe and also in Australia.