Photon Energy Increases Its Share in Maryvale Solar Farm Through Asset Swap with Canadian Solar - Seite 2

The Company now possesses a 65% stake in Maryvale Solar Farm and will work with its local partner (which has the remaining 35% stake) to undertake preliminary design and grid connection studies. The Company expects this to take approximately six months, followed by a Connection Agreement which is expected to be reached within 12 months.

Photon Energy and Canadian Solar previously co-developed the 189 MWp Suntop1 Solar Farm and the 150 MWp Gunnedah Solar Farm. On both projects, Photon Energy sold its shares to Canadian Solar once development was complete, after which Canadian Solar began construction activities.

About Photon Energy Group - photonenergy.com

Photon Energy Group delivers solar energy and clean water solutions around the world. Its solar power services are provided by Photon Energy; since its foundation in 2008, Photon Energy has built and commissioned solar power plants with a combined capacity of over 100 MWp and has power plants with a combined capacity of 74.7 MWp in its proprietary portfolio. It is currently developing projects with a combined capacity of over 420 MWp in Australia, Hungary, Poland and Romania and provides operations and maintenance services for over 300 MWp worldwide. The group's second major business line, Photon Water, provides clean water solutions including treatment and remediation services, as well as the development and management of wells and other water resources. Photon Energy N.V., the holding company for Photon Energy Group, is listed on the Warsaw, Prague and Frankfurt Stock Exchanges. The company is headquartered in Amsterdam, with offices in Australia, South America and across Europe.

 

Media Contact

Martin Kysly
Head of Marketing and Corporate Communications
Tel. [phone]
E-mail: [e-mail]

End of Media Release

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Issuer: Photon Energy NV
Key word(s): Energy

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1184172  13.04.2021