Photon Energy breaks ground for seventh solar plant in Romania

Source: Photon Energy Group

BUCHAREST (Romania), September 14 (SeeNews) - Solar energy and clean water solutions group Photon Energy said on Wednesday it has started the construction of its seventh solar power plant in Romania, with a capacity of 7.1 MWp, remaining on track with an earlier announced plan to build 32 MWp solar projects in the country by the end of the year.

The power plant is expected to generate around 11.4 GWh per year and is scheduled to commence operations in the fourth quarter of 2022, Photon Energy said in a press release.

Located near Sahateni in Buzau county, the power plant will extend over 10 ha of greenfield land and will be equipped with some 12,700 solar panels. The power plant will be owned and operated by a special-purpose company fully owned by Photon Energy Group. The electricity produced will be sold on the energy market on a merchant basis, without any governmental support or a power purchase agreement with an energy offtaker.

Upon the commissioning of the installation, the company will own and operate 95 solar power plants. Of the total 120 MWp generation capacity, a combined 104 MWp will be selling subsidy-free clean electricity directly on the energy market.

Currently, the company is developing PV projects in Romania with a total capacity of 242.8 MWp, with 28.3 MWp under construction and 12 MWp at a ready-to-build stage of development, including the installation in Sahateni. Including the Romanian projects, the company has a combined capacity of 892 MWp under development in its key CEE markets and Australia.

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

($=0.9702 euro)

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