After careful evaluation Photon Energy 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. In a first step, through the fully-owned subsidiary Photon Energy HU SPV 1 Kft. Photon Energy is developing a set of 500 KWp projects with a total installed capacity of some 6 MWp in a location near Budapest (details withheld for competitive reasons for now). Concurrently, Photon Energy is evaluating other locations for greenfield development as well as the cooperation with several local developers.
Photon Energy’s ambition is to primarily expand its proprietary portfolio of power plants for long-term ownership while also providing EPC services to local and international investors. Last but not least, Hungary provides an attractive opportunity to leverage our industry-leading operations & maintenance expertise and to expand our customer base in Central and Eastern Europe, further strengthening our recurring service revenue base.
“The Hungarian market promises to allow us to fully apply our life-cycle expertise for taking PV projects all the way from the development stage through project financing and construction to the long-term operations & maintenance phase, which is crucial for achieving optimum returns for investors. After our correct decision to avoid past opportunities in Bulgaria, Romania and Turkey we feel confident in the fundamentals of the Hungarian market. As an experienced and committed player on the market we aim to realize at least 50 MWp of new PV projects both for our portfolio and third-party investors in the next couple of years. At this point we are confident to commence the construction of PV plants in Hungary still within 2017.”
Starting with the April 2017 monthly report, Photon Energy will initiate reporting the status of its project development pipeline in Hungary, Australia and other future markets in order to allow investors to assess the company’s progress in adequate detail.
Źródło:Komunikaty spółek (EBI)
