Brief: Photon Energy Switches 43.5 MWp Of Hungarian PV Portfolio To Merchant Electricity Sales

Photon Energy NV

28/02/2022 07:26

Feb 28 (Reuters) - Photon Energy NV  PENP.WA :
    * PHOTON ENERGY SWITCHES 43.5 MWP OF ITS HUNGARIAN PV
PORTFOLIO TO
MERCHANT ELECTRICITY SALES
    * EFFECTIVE APRIL 1 HAS PERMANENTLY OPTED OUT OF SIX OF TEN
METÁR
LICENSES FOR ITS PV POWER PLANTS IN PUSPOKLADÁNY AND WILL BE
SELLING PRODUCED ELECTRICITY ON HUNGARIAN DAY-AHEAD-MARKET
    * DAY-AHEAD MARKET ENERGY SALES TO BENEFIT FROM THE
CURRENTLY MUCH
HIGHER ELECTRICITY PRICES
    * IN Q2, Q3 AND Q4 2022 COMPANY'S HUNGARIAN PV POWER PLANT
PORTFOLIO EXCLUDING TOLNA MERCHANT PV POWER PLANT) IS PROJECTED
TO GENERATE ELECTRICITY SALES REVENUES OF EUR 10.3 MILLION
COMPARED TO EUR 5.0 MILLION
    * MORE THAN 95% OF THESE ADDITIONAL REVENUES ARE EXPECTED TO
FEED
THROUGH TO GROUP'S CONSOLIDATED EBITDA

Source text for Eikon:  ID:nEM1SlNF8a 
Further company coverage:  PENP.WA 

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