Photon Energy commissions 10th PV plant in Romania

Power producer Photon Energy has announced that the Group’s Romanian subsidiary has completed and grid-connected its tenth photovoltaic (PV) power plant in the Romanian market.

The installation has a generation capacity of 3.8 MWp.

Georg Hotar, CEO of Photon Energy Group commented, "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."

Hotar added, "The Bocșa power plant expands our IPP portfolio to 39.1MWp in Romania and increases our global capacity to 131.1MWp."

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The total annual production of the new power plant is expected to be around 5.9 GWh. High-efficiency bifacial photovoltaic modules mounted on single-axis trackers will deliver power to the grid managed by E-Distribuție Banat.

The electricity generated will be sold on the energy market on a merchant basis, without any governmental support or a power purchase agreement with an energy off-taker.

Photon Energy expects its Romanian power plants to generate around €490 000 ($525 831) in revenues in 2024 based on the current forward prices for electricity base load in Romania.

Located near Bocșa (Caraș-Severin County), the power plant extends over 5.6 hectares of greenfield land and is equipped with a total of 6,160 photovoltaic modules. The power plant is owned and operated by a special-purpose subsidiary of Photon Energy Group.

The company’s Independent Power Producer (IPP) portfolio now includes 98 solar power plants, with a combined generation capacity of 131.1 MWp.

Photon Energy is currently developing utility-scale solar projects with a combined capacity of over 1.2 GWp in Australia and its key CEE markets, including approximately 220MWp in Romania, of which a total capacity of 12.4MWp is at an advanced stage of construction.