Photon Energy : announces the development of a 166 MWp solar plant in Australia.
August 31, 2017 at 04:28 am EDT
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Company:
PHOTON ENERGY N.V.
Number:
26/2017
Date:
2017-08-31
Market types:
NewConnect - Rynek Akcji GPW
Title:
Photon Energy announces the development of a 166 MWp solar plant in Australia.
Detailed data:
Photon Energy NV has announced details on a further large-scale solar power plant under development in Australia. The 166 MWp (144 MW AC) project in Carrick, New South Wales (NSW), is part of the previously announced 1 GWp development pipeline, for which Photon Energy has mandated advisory firm Pottinger to advise on the raising of development capital. The project is being co-developed with a local joint venture partner.
Through its 51%-owned project company Photon Energy AUS SPV 6 Pty Ltd. the company has secured options on approximately 200 ha of land and is progressing with the New South Wales government State Significant Development process. Photon Energy has also completed a Connection investigation Services Agreement (CISA) with Essential energy, a NSW Government-owned electricity operator, for the design of a substation for approximately 144 MW AC (166 MWp) to be constructed on the property.
Photon Energy expects to complete the project development process to the ready-to-build stage and to commence construction in 2019. Once connected, the Carrick project is estimated to produce 267 GWh of clean energy each year, contributing significantly to Australia's Renewable Energy Target.
The Company's project pipeline in Australia is attached to this report.
Legal basis: § 5 ust. 1 point no.2 of the Appendix 3 to Regulations of the Alternative Trading System - "Current and Periodic Information in the Alternative Trading System".
Attachments:EBIreport26-2017Project pipeline in Australia.pdf
The Company's representatives:
Georg Hotar, Director
Michael Gartner, Director
Photon Energy NV published this content on 31 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 August 2017 08:27:03 UTC.
Original documenthttp://www.photonenergy.com/reports/36062968/ebireport26-2017.pdf
Public permalinkhttp://www.publicnow.com/view/7B6AE86AB185DA6968FE24FC69C8C9AB863797DD
Photon Energy N.V. is specialized in the development, construction and operation of photovoltaic power plants. In addition, the group offers water-related services. The turnover (before elimination of intragroup revenue) is divided across the following activities:
- ownership and management of photovoltaic power plants (53.4%): at the end of 2021, 87 photovoltaic power plants owned with an installed capacity of 90.5 MWp;
- trading in photovoltaic system components (22.9%);
- engineering, development and construction of turnkey photovoltaic systems (15.3%);
- technical management, maintenance and control of facilities (7.1%): management of photovoltaic power plants with an installed capacity of 309 MWp;
- other (1.3%): development of solar projects and water treatment services, remediation of contaminated land, management of wells and other water resources, etc.
The geographical breakdown of the turnover is as follows: Czech Republic (60.4%), Hungary (19.7%), Australia (16.4%), Slovakia (2.5%) and other (1%).
PHOTON ENERGY N.V. 
