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| POLISH FINANCIAL SUPERVISION AUTHORITY | |
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| | | UNI - EN REPORT No | 27 | / | 2024 |
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| Date of issue: | 2024-09-13 | | | | | | | | |
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| Short name of the issuer | | | | | | | |
| PHOTON ENERGY N.V. | |
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| Subject | | | | | | | | | | |
| Photon Energy Commissions Power Plant with 7.5 MWp in Romania | |
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| Official market - legal basis | | | | | | |
| art. 17. 1 MAR.
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| Unofficial market - legal basis | | | | | |
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| Contents of the report: | | | | | | | | |
| The Management Board of Photon Energy Group announces that Photon Energy Engineering Romania S.R.L. the Group s Romanian subsidiary dedicated to engineering, procurement and construction (EPC) services has completed and grid-connected Faget 3; another photovoltaic (PV) power plant in the Romanian market. The power plant has a generation capacity of 7.5 MWp.
This latest addition rounds up our IPP portfolio in Romania to a total of twelve power plants with a total installed capacity of 48.4 MWp and increases our global total to 100 units and a combined capacity to 140.3 MWp.
The total annual production of the new power plant is expected to be around 11.1 GWh, which represents 7.9% of last year s production of the group s proprietary portfolio. High-efficiency bifacial photovoltaic modules mounted on single-axis trackers will deliver clean energy to the grid managed by Retele Electrice Banat. The electricity generated will be sold on the energy market on a merchant basis, without any governmental support or a power purchase agreement with an energy off-taker.
Located near Făget (Timi County), the power plant extends over 9.1 hectares of greenfield land and is equipped with a total of 12,216 high-efficiency bifacial photovoltaic modules mounted on single-axis trackers. This is our third PV power plant in this location, with a total installed capacity of 14.6 MWp.
The valuation model for the Group s proprietary portfolio, in accordance with IAS 16, implies that other comprehensive income of approximately EUR 2.5 million will be recorded in the Group s Q3 2024 Consolidated Income Statement in relation to the commissioning of the Faget 3 power plant and will strengthen the Group s equity position.
The Company s IPP (Independent Power Producer) portfolio now includes 100 solar power plants, with a combined generation capacity of 140.3 MWp. An additional 3.2 MWp in Sarulesti, Romania is currently being commissioned and is expected to increase the IPP portfolio to 143.5 MWp before year-end. | |
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| Annexes | | | | | | | | | | |
| File | Description | |
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SIGNATURE OF PERSONS REPRESENTING THE COMPANY | |
| Date | Name | Position / Function | Signature | |
| 2024-09-13 | Georg Hotar & David Forth | Directors | Georg Hotar & David Forth | |
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