‘We are pleased to announce the successful commissioning of our tenth PV power plant in Romania, marking a significant milestone for our activities in this core market,’ said Georg Hotar, CEO of Photon Energy Group. ‘The Bocșa power plant expands our IPP portfolio to 39.1 MW in Romania and increases our global capacity to 131.1 MW.’
The total annual production of the new power plant is expected to be around 5.9 GWh. High-efficiency bifacial photovoltaic modules mounted on single-axis trackers will deliver clean energy to the grid managed by E-Distribuție Banat. The electricity generated will be sold on the energy market on a merchant basis, without any governmental support or a power purchase agreement with an energy off-taker.
Did you miss that? Mega PV modules sales deal for Romania
The Company expects its Romanian power plants to generate around EUR 490,000 in revenues in 2024 based on the current forward prices for electricity base load in Romania.
Developing pipeline of 220 MW PVprojects in Romania
Located near Bocșa (Caraș-Severin County), the power plant extends over 5.6 hectares of greenfield land and is equipped with a total of 6,160 photovoltaic modules. The power plant is owned and operated by a special-purpose subsidiary of Photon Energy Group.
Also interesting: CCE: New solar park in Romania
The company’s IPP (Independent Power Producer) portfolio now includes 98 solar power plants, with a combined generation capacity of 131.1 MW.
The company is currently developing utility-scale solar projects with a combined capacity of over 1.2 GW in Australia and its key CEE markets, including approximately 220 MW in Romania, of which a total capacity of 12.4 MW is at an advanced stage of construction. (hcn)
