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PHOTON ENERGY N.V.: Photon Energy to develop 300 MW / 3.6 GWh RayGen solar storage project in Australia

2021-11-03 08:46
publikacja
2021-11-03 08:46
Spis treści:

1. REPORT

2. INFORMATION ABOUT THE ENTITY

3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No 45 / 2021
Date of issue: 2021-11-03
Short name of the issuer
PHOTON ENERGY N.V.
Subject
Photon Energy to develop 300 MW / 3.6 GWh RayGen solar storage project in Australia
Official market - legal basis
art. 17. 1 MAR.
Unofficial market - legal basis
Contents of the report:
The management board of Photon Energy N.V. announces that the Company has secured land for 1,200 ha in an undisclosed location in South Australia to develop the world’s largest solar energy storage project to date. The Company is currently developing multiple sites in Australia suitable for RayGen’s solar technology in combination with its energy storage solution.
Based on preliminary designs, Photon Energy will develop a solar generation capacity of 300 MW with a grid connection capacity of 150 MW. The target storage energy storage capacity is 3.6 GWh, equivalent to 24 hours of full load, to the grid, from storage. This will exceed the 3 GWh capacity of the Ouarzazate Solar Power Station in Morocco, which currently has the world’s largest energy storage capacity of any type, excluding pumped hydro.
Photon Energy has commenced the permitting and grid-connection processes and expects to reach the ready-to-build stage by the end of 2023.
RayGen recently closed its Series C capital raise for AUD 55 million where Photon Energy participated alongside AGL Energy, Schlumberger New Energy, Chevron Technology Ventures and Equinor Ventures. RayGen is currently building a 4 MW / 50 MWh solar energy-plus-storage plant in Carwarp, Victoria, Australia due for completion in mid-2022.
Annexes
File Description

PHOTON ENERGY N.V.
(fullname of the issuer)
PHOTON ENERGY N.V. Energetyka (ene)
(short name of the issuer) (sector according to clasification
of the WSE in Warsow)
1083 HN Amsterdam
(post code) (city)
Barbara Strozzilaan 201
(street) (number)
+31 20 240 2570 +31 20 240 2598
(phone number) (fax)
(e-mail) (web site)
8500.20.827
(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2021-11-03 Georg Hotar and Michael Gartner Directors
Źródło:Komunikaty spółek (ESPI)
Tematy
Najtańsze rachunki dla firm. Sprawdź, gdzie nie przepłacisz
Najtańsze rachunki dla firm. Sprawdź, gdzie nie przepłacisz

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