Issuer: Photon energy NV
/ Key word(s): Contract
03.02.2025 / 09:13 CET/CEST
The issuer is solely responsible for the content of this announcement.
Photon Energy Signs Asset Management Agreement for 101 MWp EDPR PV Power plants in Hungary
Amsterdam/Budapest – 3 February 2025 – Photon Energy N.V. (WSE: PEN,“Photon Energy Group”, the“Group” or the“Company”) announces that its Hungarian subsidiary Photon Energy Operations HU Kft has signed an asset management agreement for two PV power plants with a combined capacity of 101 MWp owned by EDP Renováveis (en“EDP Renewables”,“EDPR”) in Hungary.
“We are proud to partner with EDP Renewables to deliver comprehensive asset management services for these PV power plants in Hungary. Our commitment is to ensure optimal performance and profitability for these assets while supporting EDPR in the transition of their additional projects under construction. This agreement underscores our expertise in managing large-scale renewable energy assets and strengthens our position as a trusted operations, maintenance and asset management partner in the Hungarian market,” said Georg Hotar , CEO of Photon Energy Group .
Under a long-term agreement, Photon Energy will provide a full scope of asset management services, including the technical, commercial and financial management of the PV power plants to ensure optimal performance on behalf of EDPR.
Photon Energy will also support EDPR in the takeover of an additional asset in the future, which is currently under construction. Once this PV power plant will be operational, Photon Energy will equally deliver a full scope of asset management services.
About Photon Energy Group – photonenergy
Photon Energy Group delivers solar energy and clean water solutions around the world. Its solar power services are provided by Photon Energy; since its foundation in 2008, Photon Energy has built and commissioned solar power plants with a combined capacity of over 180 MWp and owns power plants with a combined capacity of 130 MWp. It is currently developing projects with a combined capacity of 1 GWp in Australia, Hungary, Poland, Romania and South Africa and provides operations and maintenance services for over 1 GWp in its core markets. The New Energy business has electricity trading licenses in Poland, Hungary, the Czech Republic, Slovakia, and Serbia. The Company is one of the largest providers of DSR services to the Polish TSO with a contracted capacity of approx. 320 MW for 2025, and through its Virtual Power Plant (VPP) aggregates energy generators and consumers with a total capacity of over 480 MW. The Group's other major business line, Photon Water, provides clean water solutions including treatment and remediation services, as well as the development and management of wells and other water resources. Photon Remediation delivers comprehensive environmental remediation solutions, including patented in-situ technology that has been proven to effectively remove PFAS from groundwater and soil. Photon Energy N.V., the holding company for Photon Energy Group, is listed on the Warsaw, Prague and Frankfurt Stock Exchanges, as well as XETRA, Germany's leading online trading platform. Photon Energy Group is headquartered in Amsterdam, with offices in Australia and across Europe.
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