Photon Energy published its monthly investor report for March2018. Due to less sunny weather in Europe the proprietary portfolioof Photon Energy reported slight average underperformance by 5.7%.In particular, the Czech portfolio and the Australian plantperformed on average above expectations by 1.5% and by 8.5%respectively. The Slovak portfolio, in contrast, underperformedgeneration estimates by 15.9%.
On 12 March 2018 Photon Energy NV repaid the outstanding nominalof EUR 6.553 million of its 8% EUR corporate bond 2013/18 (ISIN:DE000A1HELE2) at the end of the five-year term in accordance withthe bond conditions. This significant step successfully closed thelife-cycle of the company‘s bond market debut as well as materiallystrengthened its balance sheet for the future. The new 5-yearcorporate EUR bond issued in October 2017 can still be subscribedto.
A major milestone in Hungary has been achieved by connecting thecompany’s first solar power plant in the town of Fertőd, in theGyőr-Moson-Sopron region. The 528 kWp plant was built by thecompany’s Hungarian EPC subsidiary, while its first production datawill be available in the monthly report for April.
In parallel eight new projects with a total installed capacityof 5.5 MWp in the municipality of Tiszakecske in the Bács-Kiskunregion have been acquired and added to the project pipeline inHungary. As a result of this transaction the PV pipeline of PhotonEnergy in the country has been increased to include 38 projectstotalling 26.1 MWp.
Download the monthly report here (pdf).
All our reports can be found onthe Reports page in our InvestorRelations section.
MEDIA CONTACT
Anastasia Hotar
T +420 775 861 732
E anastasia.hotar@photonenergy.com
