Kosovo opens 1 mln euro tender for road works in Kamenica
Kosovo, Czech Republic to cooperate in ICT, energy, agri
Romania's TeraPlast to digitise 80% of logistics ops by next year
Tirana seeks suppliers of street lighting materials
Air Montenegro close to deal on flights to Bosnia's Tuzla - report
May 09, 2023 11:41 EEST
May 9 (SeeNews) - Dutch-based solar energy and clean water solutions group Photon Energy said on Tuesday that its subsidiary Photon Energy Engineering Romania has completed and connected to the grid two photovoltaic (PV) power plants with a total generation capacity of 9.5 MWp.
Located on 6.6 and 10 hectares of greenfield land near Aiud and Teius in Romania’s central county of Alba, the two plants are expected to generate 2 million euro ($2.2 million) in revenues based on the current forward prices for electricity base load in Romania over the next twelve months, Photon Energy said in a press release.
You can download the 2023 Renewable energy in Southeast Europe report here
The plants will deliver a combined 13.9 GWh to the grid managed by Distributie Energie Electrica Romania (DEER). The electricity will be sold on the energy market on a merchant basis, without any support or power purchase agreement with an energy off-taker.
“[...] the commissioning of the power plants in Aiud and Teiuș represents another important milestone for Photon Energy in the Romanian renewable energy market, where we plan to commission an additional capacity of around 10 MWp, expanding our IPP [independent power producer] portfolio to over 120 MWp in the coming weeks,” Georg Hotar, CEO of Photon Energy Group, said.
Featuring some 8,700 solar panels each, the newly commissioned plants are owned and operated by special-purpose companies fully owned by Photon Energy Group.
The two plants bring Photon Energy’s IPP portfolio to 94 total solar power plants, with a combined generation capacity of 113.1 MWp, of which a capacity of nearly 100 MWp is selling subsidy-free clean electricity directly on the energy market.
In April, the company delivered three PV power plants with a combined generation capacity of 6 MWp in Calafat, Dolj county. In March, the company secured a 21.9 million euro loan from Raiffeisen Bank International (RBI) to fund its ongoing solar energy projects in Romania.
Photon Energy is developing over 950 MWp worth of utility-scale solar PV projects in Australia and across key Central Eastern European (CEE) markets, including over 240 MWp in Romania, of which 10.3 MWp is set to be commissioned in the coming weeks, while the rest, through 2023 and 2024.
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 in Australia and across Europe.
You have run out of free articles this month.
Sign up in for
and get two (2) free articles more per month or sign up for
and get unlimited access.
Browse our free newsletter options