Brief: Photon Energy Presents Its Strategy Guidance For 2021 To 2024

Photon Energy NV

10/06/2021 06:57

June 10 (Reuters) - Photon Energy NV  PENP.WA :
    * THE MANAGEMENT BOARD OF PHOTON ENERGY N.V. PRESENTS ITS
STRATEGY
GUIDANCE FOR 2021 TO 2024
    * UNTIL 2024 THE MANAGEMENT BOARD PROJECTS THE GROUP’S
EBITDA TO
GROW FIVE-FOLD COMPARED TO 2020 LEVELS
    * IN ORDER TO SECURE THE REQUIRED FUNDING FOR THE
IMPLEMENTATION
OF THE GROUP’S STRATEGY, THE  MANAGEMENT BOARD INTENDS TO OFFER
UP TO 7 MILLION OF ITS EXISTING TREASURY SHARES
    * THE CO PLANS TO EXPAND PROPRIETARY PORTFOLIO FROM 74.7 MWP
ACROSS UTILITY-SCALE AND BEHIND-THE-METER PV AND RAYGEN PV ULTRA
POWER PLANTS TO A TOTAL INSTALLED CAPACITY OF AT LEAST 600 MWP

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