Brief: Photon Energy Group Secures Max. EUR 15.0 Mln Financing From EBRD

Photon Energy NV

14/05/2024 06:35

May 14 (Reuters) - Photon Energy NV  PENP.WA :
    * SAID ON MONDAY THAT IT HAS SIGNED A SENIOR SECURED LOAN
AGREEMENT WITH EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT
(EBRD) FOR THE AMOUNT OF UP TO EUR 15.0 MILLION
    * THE EBRD’S INVESTMENT WILL FINANCE THE CONSTRUCTION AND
COMPLETION OF PHOTON ENERGY’S PORTFOLIO OF SIX SOLAR PARKS WITH
A CAPACITY OF 29 MWP IN ROMANIA
    * AS PART OF THE PROJECT EBRD WILL ALSO SUPPORT THE COMPANY
IN
EXPANSION OF DEMAND RESPONSE SERVICES, CAPACITY MARKET AUCTIONS
AND THE RESEARCH AND DEVELOPMENT CAPEX OF LERTA
    * THE FINANCING PERIOD IS 7 YEARS FROM THE DATE OF
CONCLUSION OF
AGREEMENT

        
 Source text for Workspace:  urn:newsml:reuters.com:*:nEM5c5bGqa
 Further company coverage:  PENP.WA  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))