Photon Energy to build 32 MWp of solar in Romania by end-2022
Date: June 20th 2022
Author: Tanja Srnovršnik
Dutch-based solar developer Photon Energy plans to build 32 MWp of solar capacity in Romania by the end of this year as part of its 235 MWp solar project development pipeline, it said on Monday.Photon Energy has already broken ground on the construction of its very first Romanian PV power plant with a generation capacity of 5.7 MWp. The plant, which will be located near Șiria in Romania’s Arad County, is scheduled to commence operations in the fourth quarter of 2023.
The power plant will be owned and operated by Siria Solar S.R.L., a special purpose company fully-owned by Photon Energy Group. The 8.7 GWh of electricity produced by this plant will be sold on the energy market on a merchant basis, that is without any support or a power purchase agreement with an energy offtake, said Photon Energy.
The company is currently developing utility-scale solar PV projects with a combined capacity of over 790 MWp in its key CEE markets and Australia, including 235 MWp in Romania. According to Photon Energy, the remaining project development pipeline is expected to be built and commissioned in 2023 and 2024.
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