The total annual production of the power plants in Făget and Săhăteni is expected to be around 4.7 GWh and 10.9 GWh, respectively, which, based on current forward prices for base-load electricity in Romania, is expected to generate annual revenues of around €2.25 million in 2024.
The company is building an additional five power plants in Romania with a total capacity of 20.1 MW, which are expected to be completed by the end of 2023.
"We are pleased to have added another 10.3 MW to our portfolio of operated solar PV plants," said Georg Hotar, CEO of Photon Energy Group. "Following the commissioning of our first six power plants in Romania earlier this year, the commissioning of the plants in Făget and Săhăteni represents another important milestone for Photon Energy in the Romanian renewable energy market, where five more of our PV plants with a capacity of around 20 MW are at an advanced stage of construction."
Bifacial solar modules with single-axis trackers
High-efficiency bifacial solar modules mounted on single-axis trackers will deliver clean energy to grids managed by E-Distribuție Banat (Făget) and Distribuție Energie Electrică Romania (Sahateni). The electricity generated is sold on a trading basis on the energy market, without government support or a power purchase agreement with an energy buyer.
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The two solar parks cover 4.8 and 10 hectares of open space, respectively, and are equipped with a total of 18,300 solar modules. The power plants are owned and operated by special purpose entities, which in turn are wholly owned by Photon Energy Group.
Photon Energy
In the Romanian market, Photon Energy offers a wide range of services, including project development, EPC (engineering, procurement, construction) and O&M (technical operation and maintenance) of PV power plants. The company also distributes Tier-1 PV components and builds rooftop PV systems for commercial and industrial customers.
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The company's IPP (independent power producer) portfolio now includes 96 solar power plants with a total production capacity of 123.4 MW. Currently, with a total capacity of over 100 MW, clean power is sold directly to the energy market. The company is currently developing utility-scale solar PV projects with a total capacity of over 1.2 GW in Australia and its key CEE markets, including 223 MW in Romania. (hcn)
