Photon Energy has successfully completed and connected its tenth photovoltaic (PV) power plant in Romania, demonstrating a noteworthy achievement in the renewable energy sector. The newly commissioned installation boasts a generation capacity of 3.8 MWp, contributing to the company's Independent Power Producer (IPP) portfolio, which now stands at 131.1 MWp globally.
Georg Hotar, CEO of Photon Energy Group, expressed satisfaction with the milestone, stating, ‘We are pleased to announce the successful commissioning of our tenth PV power plant in Romania, marking a significant milestone for our activities in this core market.' The Bocșa power plant's completion expands the company's IPP portfolio in Romania to 39.1 MWp.
Equipped with high-efficiency bifacial photovoltaic modules mounted on single-axis trackers, the new power plant near Bocșa, in Caraș-Severin County, is expected to produce approximately 5.9 GWh annually. The electricity generated will be supplied to the grid managed by E-Distribuție Banat and sold on the energy market without governmental support or a power purchase agreement.
The revenue forecast for 2024 from Photon Energy's Romanian power plants is estimated to be around EUR 490,000 based on current forward prices for electricity base load in Romania. The company's commitment to merchant-based clean energy production aligns with its broader strategy.
Photon Energy Group's IPP portfolio now comprises 98 solar power plants globally, reinforcing its position as a significant player in the renewable energy sector. The company is actively engaged in the development of utility-scale solar projects, with a cumulative capacity exceeding 1.2 GWp in Australia and key Central and Eastern European markets. Notably, approximately 220 MWp of this capacity is in Romania, with 12.4 MWp at an advanced stage of construction.
In the Romanian market, Photon Energy continues to offer a comprehensive range of solar power solutions, including project development, engineering, procurement, and construction (EPC), as well as operations and maintenance (O&M) services for PV power plants.