Photon Energy Engineering Romania, a company dedicated to technological, procurement and construction services (EPC) – completed and connected to the grid two photovoltaic (PV) plants with a combined production capacity of 10.3 MWp.
“We are delighted to have expanded our portfolio of operational photovoltaic assets by a further 10.3 MWp,” said Georg Hotar, CEO of Photon Energy Group. “Following the commissioning of our first six power plants in Romania at the beginning of this year, the commissioning of the facilities in Făget and Săhăteni represents another important stage for Photon Energy on the Romanian renewable energy market, where we have an additional capacity of approximately 20 MWp in five different locations at an advanced stage of construction.”
The total annual output of the power plants is expected to be approximately 4.7 GWh and 10.9 GWh, respectively. High-efficiency double-sided solar modules mounted on single-axis trackers will provide clean energy to the networks managed by E-Distribuție Banat (Făget) and Distribuție Energie Electrică Romania (Săhăteni). The electricity produced will be sold on the power market on a commercial basis, without any government support and without a power purchase agreement with a power distributor.
The plants will generate revenues of approximately 2.25 million euros in 2024 based on current forward prices for baseload electricity in Romania.
The power plants are located near Făget (Timiș county) and Săhăteni (Buzău county) and stretch over 4.8 and 10 hectares of vacant land, respectively, and are equipped with 18,300 combined solar panels. The plants are 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 96 solar plants with a combined generating capacity of 123.4 MWp. Currently, a total capacity of more than 100 MWp is sold as clean electricity directly on the energy market.
The company is currently developing utility-scale solar PV projects with a combined capacity of over 1.2 GWp MWp in Australia and its core markets in Central and Eastern Europe, including 223 MWp in Romania, a total capacity of 20.1 MWp being in an advanced stage of construction.