Brief: Photon Energy Secures DSR Capacity Of 389 MW And Locks-In EUR 24.8 Mln In 2024 Revenue

Photon Energy NV

21/03/2023 06:44

March 21 (Reuters) - Photon Energy NV  PENP.WA :
    * PHOTON ENERGY SECURES DSR CAPACITY OF 389 MW AND LOCKS-IN
EUR
24.8 MILLION IN 2024 REVENUE
    * SUBSIDIARIES LERTA JRM AND LERTA  HAVE SUCCEEDED IN
ADDITIONAL
2024 POLISH CAPACITY AUCTION WITH 375 MW OF DEMAND SIDE RESPONSE
    * WITH PREVIOUSLY CONTRACTED CAPACITY OF 14 MW FOR 2024,
COMPANY'S
TOTAL DSR CAPACITY OF 389 MW WILL LOCK-IN PLN 116.8 MILLION (EUR
24.8 MILLION) IN TOTAL DSR REVENUES FOR 2024
    * INCLUDING PREVIOUSLY CONTRACTED CAPACITY, GROUP'S TOTAL
DSR
CAPACITY CONTRACTED WITH PSE WILL BE 389 MW IN 2024
    * BASED ON PRELIMINARY RESULTS, GROUP MANAGED TO SECURE AN
AVERAGE
PRICE OF PLN 303,868 (EUR 64,515) PER MW/YEAR
    * INCLUDING PREVIOUSLY CONTRACTED CAPACITY OF 14 MW, LOCKING
IN
CONTRACTED REVENUES OF PLN 116.8 MILLION (EUR 24.8 MILLION) FOR
2024
    * SAID EVENTS MANIFEST DYNAMIC GROWTH TRAJECTORY FOR GROUP'S
DSR
CAPACITY AGGREGATION BUSINESS IN POLAND, WITH TOTAL CAPACITY
GROWTH OF 190% AND REVENUE GROWTH OF 224% BETWEEN 2023 AND 2024
    * REVISED STRATEGIC GOAL FOR POLISH DSR MARKET IS TO REACH 1
GW OF
DSR CAPACITY IN 2030

Source text for Eikon:  ID:nEMDK74qa 
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