Photon Energy Engineering has completed and connected to the grid its tenth photovoltaic power plant on the Romanian market. The photovoltaic power plant has a generation capacity of 3.8 MWp, the company announced.

“We are pleased to announce the successful completion of the energization of the tenth photovoltaic power plant in Romania, marking a significant moment for our activities in our core market,” said Georg Hotar, CEO of Photon Energy Group. “The photovoltaic power plant in Bocșa expands our IPP portfolio to 39.1 MWp in Romania and increases our global capacity to 131.1 MWp.”

The total annual output of the new photovoltaic power plant is estimated to be approximately 5.9 GWh. The high-efficiency bifacial modules mounted on a single-axis tracker structure will provide clean energy in the network managed by E-Distribuție Banat. The electricity generated will be sold on the energy market on a free trade basis, without government support or a Power Purchase Agreement (PPA) with an off-taker.

The company expects the plant to generate revenues of approximately €490,000 in 2024 based on current prices for electricity supplied in the band or PZU in Romania.

The photovoltaic power plant is located in Bocșa (Caraș-Severin county) and covers an area of 5.6 hectares of vacant land, being equipped with 6,160 combined solar panels. The plant is owned and operated by special purpose companies, which are wholly owned by Photon Energy Group.

The company’s IPP (Independent Power Producer) portfolio now includes 98 solar plants with a combined generating capacity of 131.1 MWp.

The company is currently developing solar PV projects with a combined capacity of more than 1.2 GWp MWp in Australia and its core markets in Central and Eastern Europe, including approximately 220 MWp in Romania, where the company has advanced stage projects under development of approx. 12.4 MWp.