May 26, 2024
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HomeUncategorizedRomania: EBRD to support the expansion of Photon Energy’s solar portfolio with 15...

Romania: EBRD to support the expansion of Photon Energy’s solar portfolio with 15 million euros

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The European Bank for Reconstruction and Development (EBRD) is lending 15 million euros to Photon Energy, a regional renewable energy producer, to support its activity in Romania and Poland.

The EBRD’s investment will enable Photon to complete the construction of a portfolio of six solar parks in Romaniawith a total installed capacity of 29 MW. This, in turn, will boost Photon’s capacity to advance the development of other renewable assets in the EBRD regions.

As part of the project, the EBRD will also support Lerta, Photon’s energy management services subsidiary in Poland, with investments in research and development to help expand the company’s technological know-how and broaden its service offer. This will enable Lerta to be well positioned in the incoming capacity market and demand-side response auctions in Poland.

The EBRD loan benefits from first-loss risk cover from the European Union under its InvestEU programme.

Photon Energy is the holding company for Photon Energy Group and is listed on the Warsaw, Prague, and Frankfurt Stock Exchanges, as well as XETRA.

Photon Energy is a regional renewable energy producer with an operating portfolio of 133 MW in small to mid-sized solar PV power plants across Romania, Czechia, Slovakia, Hungary, and Australia.

Photon Energy delivers solar power solutions that cover the entire lifecycle of photovoltaic projects. Since its foundation in 2008, Photon Energy has built and commissioned solar power plants with a combined capacity of over 150 MWp and currently provides operations and maintenance services for over 540 MWp worldwide. As an independent power producer, Photon Energy’s portfolio includes power plants with a combined capacity of 123.4 MWp, with over 1.2 GWp currently under development.

Lerta is a company developing modern technological solutions for the energy sector. The company, among others, offers energy sellers support in business digitization and development, as well as in tailoring their offer by means of an expert metering and analysis system.

 

 

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