Re: Wzrost przychodów na rynku mocy

21.9mln E dla rumuńskich instalacji od Reiffeisen bank

Amsterdam/Bucharest – 20 March 2023 – Photon Energy N.V. (WSE: PEN, ‘Photon Energy Group’, the 'Company') announces that it has closed a non-recourse project refinancing agreement in the amount of EUR 21.9 million with Austrian Raiffeisen Bank International (RBI) for its portfolio of PV power plants in Romania with a total installed capacity of 31.5 MW

The Additional 2024 Capacity Auction
On 16 March 2023 PSE conducted its additional auction for 2024. Photon Energy participated in the auction and secured 375 MW in DSR capacity. Including previously contracted capacity, the Group’s total DSR capacity contracted with PSE will be 389 MW in 2024. Reflecting tight supply, the auction for Q1 and Q4 2024 cleared in the first round, while Q2 cleared in the fifth round and Q3 cleared in the sixth auction round. Based on preliminary results, the Group managed to secure an average price of PLN 303,868 (EUR 64,515) per MW/year, including the previously contracted capacity of 14 MW, locking in contracted rev of PLN 116.8 million (EUR 24.8 million) for 2024.
Polish DSR Strategy and Plans
After having contracted DSR capacity of 54 MW and 134 MW with PSE for 2022 and 2023, respectively, the result of the additional auction for 2024 and the resulting total capacity of 389 MW manifest a highly dynamic growth trajectory for the Group’s DSR capacity aggregation business in Poland, with total capacity growth of 190% and rev. growth of 224% between 2023 and 2024. Photon Energy’s revised strategic goal for the Polish DSR market is to reach 1 GW of DSR capacity in 2030 by adding approximately 100 MW annually to be contracted in the upcoming annual additional auctions as well as the main auctions for 2028, 2029 and 2030.

The great news is that our success in the Polish capacity auction, coupled with what we still believe to be significant growth potential for DSR services and the expected start of a market for ancillary services in Poland, is still only the tip of the iceberg. Markets for DSR, multiple forms of supply flexibility and ancillary services are being established in our current home markets in the CEE region and in Australia, as well as a rapidly growing number of markets worldwide, at a rapid pace. While EUR 24.8 million in contracted DSR rev. in Poland for 2024 represent a new strong pillar of stable rev. and underscore the financial logic of Lerta’s integration into the Photon Energy Group, our ability to leverage our people, experience and VPP tool to address a rapidly developing global market is the even more exciting message for today,’ commented Georg Hotar, CEO of Photon Energy Group.