Photon Energy Partners with Hyperion Renewables and Signs 34 MW EPC/O&M Contract in Romania

Issuer: Photon Energy NV / Key word(s): Contract Photon Energy Partners with Hyperion Renewables and Signs 34 MW EPC/O&M Contract in Romania 16.05.2025 / 08:13 CET/CEST The issuer is solely responsible for the content of this announcement. Photon Energy Partners with Hyperion Renewables and Signs 34 MW EPC/O&M Contract in Romania

• Both companies are collaborating to add an additional 4 MW of installed capacity, increasing the total project size to 38 MW.
• Construction is scheduled to commence in Q3 2025, with commercial operation expected by Q3 2026.
• This partnership marks Hyperion’s first project from its Romanian pipeline to begin construction and highlights Photon Energy’s expertise in delivering solutions for international investors in its core markets.

 

Amsterdam/Bucharest – 16 May 2025 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (the "Group" or the "Company") and Hyperion Renewables ("Hyperion") have announced that they have signed an EPC contract for a 34 MW PV solar project in Săliște, Romania.

The project was developed by Hyperion, a leading Portuguese renewable energy developer that entered the Romanian market in 2021 and currently has a greenfield solar project pipeline of over 500 MW.

Under the terms of the contract, Photon Energy will be responsible for design, technology procurement, and the construction of the facility. Both companies are collaborating to add an additional 4 MW of installed capacity, which will increase the total size of the project to 38 MW.

"We are proud to partner with Hyperion Renewables on this significant 34 MW solar project in Săliște, Romania. This project exemplifies our ability to deliver turnkey, large-scale solar solutions that support the transition to clean energy. Our expertise in EPC and O&M, combined with Hyperion’s strategic investment, ensures a strong foundation for the successful construction and operation of this facility. We are committed to creating value for our partners, supporting regional economic growth, and advancing Romania’s renewable energy targets," said Georg Hotar, CEO of Photon Energy Group.