March 30 (Renewables Now) - Amsterdam-based solar power firm Photon Energy NV said on Thursday it has expanded its project portfolio in Hungary to 26.1 MWp by acquiring eight new projects.
The company is now owner of 38 projects in Hungary. The newly acquired schemes, with a combined capacity of 5.5 MWp, are located in the Bacs-Kiskun region of Central Hungary. Construction and grid-connection of the plants, in the municipality of Tiszakecske, are expected to be carried out by the start of the fourth quarter.
Photon Energy also said it has hooked to the grid its first photovoltaic (PV) plant in Hungary, a 528-kWp facility in the town of Fertod, Gyor-Moson-Sopron region. Photon Energy Solutions HU Kft was in charge of its construction. According to the Dutch firm's estimates, the solar plant will sell 14.3 GWh of electricity over 25 years, bringing revenues of at least EUR 1.48 million (USD 1.8m).
Photon Energy announced last spring it aims to implement 50 MWp of solar projects in Hungary by end-2019.
(EUR 1.0 = USD 1.230)