Photon Energy N.V., through its subsidiary Photon Energy Solutions HU Kft has completed and grid-connected seven photovoltaic power plants with a total installed capacity of 4.9 MWpin the municipalities of FertÅ‘d and Kunszentmárton, Hungary.
As an extension to I, the Group's first 528 kWp power plant in the Hungarian market commissioned in March 2018, the five add-ons (FertÅ‘d II) cover an area of 6 hectares and are connected to the grid of E.ON Észak-dunántúli Áramhálózati Zrt. While the FertÅ‘d I project had been acquired at the ready-to-build stage, the FertÅ‘d II projects were internally-developed by Photon Energy.
The remaining two PV power plants in Kunszentmárton extend over 1.7 hectares and are connected to the grid of E.ON Tiszántúli Áramhálózati Zrt. The seven PV power plants are expected to generate around 6.0 GWh of electricity per year.
The Group will own and operate the power plants through several wholly-owned project companies that own seven KÁT licenses entitling each power plant to a feed-in tariff of 32,590 HUF per MWh (US$107.500 per MWh) (approx. EUR 100 per MWh) over a period of 25 years with a maximum approved and supported average production of some 15,600 MWh per license.
