|KOMISJA NADZORU FINANSOWEGO|
|Raport bieżący nr||31||/||2020|
|Skrócona nazwa emitenta|
|PHOTON ENERGY N.V.|
|Photon Energy completes commissioning of 14.1 MWp in its Hungarian portfolio.|
|Art. 17 ust. 1 MAR - informacje poufne.|
| The Management Board of Photon Energy N.V. informs that its Hungarian subsidiary Photon Energy Solutions HU Kft., the Group's Hungarian subsidiary dedicated to engineering, procurement and construction (EPC) services, has completed and grid-connected two PV power plants, with a combined capacity of 2.8 MWp, near the municipality of Püspökladány, Hungary. In total, the Company now owns and operates ten power plants with a combined installed capacity of 14.1 MWp in this location.
The two new power plants extend over 3.6 hectares and are connected to the grid of E.ON Tiszántúli Áramhálózati Zrt. Together they are expected to generate around 4.1 GWh of clean electricity per year.
These latest additions expand the Group's current installed base in Hungary to 49.1 MWp, and its global proprietary portfolio of power plants to 74.7 MWp.
The Group will operate the two new power plants through a pair of wholly-owned project companies, each of which possesses a METÁR license. These licenses entitle each power plant to a de facto feed-in tariff (in the form of electricity sales on the energy spot market plus a contract-for-difference) of HUF 33,360 per MWh (approx. EUR 93 per MWh). Both power plants are entitled to a maximum approved and supported production of approximately 29,955 MWh per license over a period of 15 years and 5 months. The total annual revenue of all ten power plants at the Püspökladány site is expected to be EUR 1.9 million.
The valuation model for the Group’s proprietary portfolio, in accordance with IAS 16, implies that other comprehensive income of approximately EUR 4.0 million will be recorded in the Group’s Q4 2020 Consolidated Income Statement in relation to the commissioning of all ten power plants.
|MESSAGE (ENGLISH VERSION)|
|PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ|
|Data||Imię i Nazwisko||Stanowisko/Funkcja||Podpis|
|2020-11-13||Georg Hotar & Michael Gartner||Directors|