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Aug 30, 2023 13:54 EEST
August 30 (SeeNews) - Dutch-based solar energy and clean water solutions group Photon Energy said on Wednesday that its subsidiary Photon Energy Engineering Romania has completed and connected to the grid two solar photovoltaic (PV) power plants with a total generation capacity of 10.3 MWp.
Located near Sahateni, in the southeastern county of Buzau, the first of the two plants has a generation capacity of 7.1 MWp, Photon Energy said in a press release.
You can download the 2023 Renewable energy in Romania report here
The second plant is located near Faget, in the western county of Timis, and has a a generation capacity of 3.2 MWp.
Together, the two plants are expected to produce 15.6 GWh of electricity per year, yielding a revenue of around 2.25 million euro ($2.44 million) in 2024 based on current market prices.
"Following the commissioning of our first six power plants in Romania earlier this year, the commissioning of the installations in Faget and Sahateni represents another important milestone for Photon Energy in the Romanian renewable energy market, where we have an additional capacity of around 20 MWp in five different locations at an advanced stage of construction," said Georg Hotar, CEO of Photon Energy Group.
The Faget and Sahateni power plants extend over over 4.8 and 10 hectares of greenfield land, respectively, and together comprise 18,300 solar panels.
Photon Energy N.V., the holding company for Photon Energy Group, is listed on the stock exchanges in Warsaw, Prague and Frankfurt. The company is headquartered in Amsterdam, with offices across Europe and in Australia.
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