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Photon Energy targets 50 MW of solar in Hungary

Solar modules. Author: Oregon Department of Transportation. License: Creative Commons, Attribution 2.0 Generic.

April 19 (Renewables Now) - Amsterdam-based solar power firm Photon Energy NV plans to implement 50 MW of photovoltaic (PV) projects in Hungary, both for its own portfolio and for third parties, in the next couple of years.

The company announced this last week, saying it is already developing solar projects totalling 6 MWp in a location near Budapest. Photon Energy believes it will be able to commence construction work on certain Hungarian PV facilities this year, according to its head.

“We have been evaluating the market very carefully and are now confident enough to announce that we have decided to both enter into the proprietary development of projects and to seek cooperation with local project developers to bring PV projects to the bankable ready-to-build stage”, said CEO Georg Hotar.

Photon Energy hopes to also be active as a provider of operations and maintenance (O&M) services in the long term there.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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