Photon Energy Engineering Romania S.R.L. – a Romanian company from the Photon Energy group dealing with the design and construction of photovoltaic installations (EPC services) – completed and connected to the grid a power plant with a capacity of 4.73 MWp near Aiud and another with a capacity of 4.73 MWp near Teiu, both located in Alba County in Romania, the company said. Currently, Photon Energy owns and operates 94 power plants worldwide with a total capacity of 113.1 MWp.
“High-efficiency bi-facial photovoltaic modules installed on single-axis trackers will generate and feed into the grid managed by Distribuie Energie Electrică Romania approximately 13.9 GWh of renewable energy per year,” reads the release.
Energy generated in power plants will be sold on market terms, i.e. outside the support system and without an agreement with the end user. Revenues from the sale of energy from new installations estimated on the basis of forward contracts (base load) on the Romanian market should reach the level of approx. EUR 2 million over the next 12 months, it was also indicated.
“We are glad that we have increased the portfolio of our own photovoltaic installations by an additional 9.5 MWp. The power plants in Aiud and Teiu represent another important milestone for us in the development of the renewable energy market in Romania, after we commissioned our first four PV installations in this country since the beginning of the year. In the coming weeks, we plan to launch further projects there with a total capacity of about 10 MWp, expanding the installed capacity of our portfolio of own power plants (IPP) to over 120 MWp,” said Georg Hotar, CEO of Photon Energy Group, quoted in the material.
The power plants are located near the towns of Aiud and Teiu in the Alba county of Romania, occupying an area of 6.6 ha and 10 ha respectively, each with approximately 8,700 photovoltaic modules. They are owned and managed by special purpose vehicles whose sole shareholder is Photon Energy Group.
Currently, the company is developing photovoltaic projects with a total capacity of over 950 MWp in Australia and in key markets of Central and Eastern Europe, including over 240 MWp in Romania, of which installations with a capacity of 10.3 MWp are to be commissioned in the coming weeks. The company expects that the remaining Romanian projects, which are currently under development, will be built and commissioned in 2023-2024, which makes the Romanian market a significant link in achieving the company’s goal of increasing the installed capacity of its own generation installations portfolio (IPP). was reminded.
Photon Energy provides solutions in the field of solar energy. The company has been listed on the main market of the Warsaw Stock Exchange since January 2021.