Photon Energy N.V. has announced the completion of two new solar photovoltaic (PV) power plants with a combined capacity of 9.5 MWp located in Alba County, Romania. The two power plants are equipped with high-efficiency bifacial solar modules. These facilities are expected to generate a combined EUR2 million (US$2.2 million) in revenue based on the current forward prices for electricity in Romania in the next 12 months.
The power plants will generate a combined 13.9 GWh of renewable energy annually and operate without a support or power purchase agreement with an energy off-taker. The electricity generated will be sold on the energy market on a merchant basis. The solar farms are equipped with about 8,700 solar panels each and are owned and operated by special-purpose companies that are fully owned by Photon Energy Group.
With the commissioning of these power plants, Photon Energy Group has consolidated its position as an IPP company in Romania.
