Photon Energy connects 2.1 MWp of PV parks in Hungary

Solar panels. Author: stantontcady.

December 5 (Renewables Now) - Amsterdam-based Photon Energy NV (WSE:PEN) has built and commissioned three new solar photovoltaic (PV) parks in Hungary, adding 2.1 MWp of capacity to the local grid.

The trio of PV parks, located in the village of Taszar, is expected to generate around 2.7 GWh per year and pull in EUR 266,000 (USD 295,000) in total annual revenues, Photon said.

Photon’s wholly-owned project company Optisolar Kft will own and operate the new assets. The local unit holds three obligatory off-take (KAT) licences for the facilities, entitling them to receive a 25-year feed-in-tariff of HUF 32,590 (USD 109.123/EUR 98.39) per MWh. The maximum approved and supported production is 16,475 MWh per licence.

Photon has so far commissioned 26.1 MWp of solar farms in Hungary and plans to connect further 7.7 MWp in the first quarter of 2020. The company’s global portfolio has hit 51.8 MWp.

(EUR 1.0 = USD 1.109)

(HUF 100 = USD 0.33/EUR 0.302)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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