As a result of favourable weather conditions in July, the average performance of all power plants in Photon Energy’s portfolio came in approximately 1.1% above expectations, while the overall performance of the proprietary portfolio exceeded forecasts by 5.9% year-to-date (YTD).
The Company announced the successful placement of an additional EUR 5.4 million, increasing the total outstanding volume of our EUR bond to EUR 43.0 million.
In connection with the Company’s intention to move to the main markets of the Warsaw and Prague Stock Exchanges, a securities prospectus has been submitted to the Dutch financial market regulator (AFM) on 8 July 2020.
As of the reporting date, Photon Energy is developing PV projects in Australia (738 MWp) and Hungary (42.6 MWp) and is evaluating further markets for opportunities.
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