Photon Energy NV · ISIN: NL0010391108 · EQS - Company News

Photon Energy Group Reports 7.9% Revenue Growth and More Than Doubled EBITDA Despite Market Challenges in the First Three Quarters of 2024

Photon Energy Group Reports 7.9% Revenue Growth and More Than Doubled EBITDA Despite Market Challenges in the First Three Quarters of 2024   In 9M 2024, consolidated revenues amounted to EUR 64.141 million, compared to EUR 59.456 million a year earlier, representing a 7.9% increase year-on-year. The consolidated EBITDA of EUR 9.857 million for 9M 2024 more than doubled year-over-year, compared to EUR 4.750 million in 9M 2023. In Q3 2024 the EBITDA was EUR 3.800 million, compared to EUR 1.917 ...

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19 November 2024 09:06AM
Photon Energy Group Reports 7.9% Revenue Growth and More Than Doubled EBITDA Despite Market Challenges in the First Three Quarters of 2024
Photon Energy Group Reports 7.9% Revenue Growth and More Than Doubled EBITDA Despite Market Challenges in the First Three Quarters of 2024   In 9M 2024, consolidated revenues amounted to EUR 64.141 million, compared to EUR 59.456 million a year earlier, representing a 7.9% increase year-on-year. The consolidated EBITDA of EUR 9.857 million for 9...
Photon Energy NV
18 October 2024 06:59AM
Photon Energy Expands Romanian IPP Portfolio to Over 50 MWp 
Photon Energy Expands Romanian IPP Portfolio to Over 50 MWp    The Company has completed and grid-connected an additional power plant in Romania with a generation capacity of 3.2 MWp located near Sărulești in Călărași County. The Sărulești power plant is Group’s thirteenth Romanian photovoltaic asset, bringing the total capacity of its Romanian p...
Photon Energy NV
02 October 2024 01:49PM
Photon Energy Group Sells Two Solar Power Plants and Hybrid PV Project to CleanPeak Energy, Refocusing on Utility-Scale Energy Storage Development
Photon Energy Group Sells Two Solar Power Plants and Hybrid PV Project to CleanPeak Energy, Refocusing on Utility-Scale Energy Storage Development   The Company has signed an agreement to sell two operating solar power plants with a combined capacity of 14.5 MWp and a hybrid development-stage solar / battery project with a capacity of 8.2 MWp / 1...
Photon Energy NV
30 September 2024 12:40PM
Photon Energy to Run FORVIA’s First On-Site PPA Solar Power Plant in Hungary 
Photon Energy to Run FORVIA’s First On-Site PPA Solar Power Plant in Hungary    Under a power purchase agreement (PPA) with FORVIA’s Clarion Hungary Electronics Kft. ("Clarion Hungary”), Photon Energy has developed, built and will now operate a 658 kWp solar photovoltaic (PV) power plant on the client’s premises. The plant is projected to generat...
Photon Energy NV
16 September 2024 09:35AM
Photon Energy Connects 7.5 MWp Solar PV Power Plant to Grid in Romania
Photon Energy Connects 7.5 MWp Solar PV Power Plant to Grid in Romania The Company has completed and grid-connected an additional power plant in Romania with a generation capacity of 7.5 MWp located near Făget in Timiș County   The Făget 3 power plant is the largest in the Group’s IPP portfolio to date and brings the number of operating plants t...
Photon Energy NV
12 September 2024 09:26AM
Photon Energy Becomes First Energy Aggregator Listed by Energy Regulatory Office in Poland
Photon Energy Becomes First Energy Aggregator Listed by Energy Regulatory Office in Poland   Photon Energy is the first company to be officially listed as an energy aggregator by the Polish Energy Regulatory Office (pl. Urząd Regulacji Energetyki / URE). Starting 1 December 2024, Photon Energy intends to provide aggregation of electricity, syste...
Photon Energy NV
20 August 2024 08:43AM
Photon Energy Group Reports Financial and Operational Results for the First Half of 2024
Photon Energy Group Reports Financial and Operational Results for the First Half of 2024   Consolidated revenues increased from EUR 40.231 million in H1 2023 to EUR 41.289 million (+2.6% YoY) thanks to strong expansion in capacity market contracts and EPC business. EBITDA of EUR 6.057 million more than doubled year over year compared to EUR 2.83...
Photon Energy NV
20 May 2024 02:53PM
Photon Energy Expands Footprint in Australasia, Signing a 20.8 MWp EPC and O&M Contract in New Zealand
Photon Energy Expands Footprint in Australasia, Signing a 20.8 MWp EPC and O&M Contract in New Zealand   Located in Pukenui in the Far North District of the North Island of New Zealand, the project is owned by Aquila Clean Energy APAC and Far North Solar Farm (FNSF). This project signifies Photon Energy Group’s expansion into the New Zealand ...
Photon Energy NV
17 May 2024 02:00PM
Photon Energy Group to Sell 20.4 MWp Solar PV Project to Uniper
Photon Energy Group to Sell 20.4 MWp Solar PV Project to Uniper   Photon Energy Group has concluded a conditional Share Purchase Agreement (SPA) for the sale of its large utility-scale project located in Domanowo, Podlaskie Voivodeship, Poland. The sale price reflects market value, and the payment will take place in two instalments. This divestm...
Photon Energy NV
17 May 2024 10:34AM
Photon Energy Group Reports Financial and Operational Results for the First Quarter of 2024
Photon Energy Group Reports Financial and Operational Results for the First Quarter of 2024   In the first quarter, the Group's consolidated revenues amounted to EUR 17.375 million, compared to EUR 19.280 million a year earlier, representing a decrease of 9.9% YoY. Consolidated EBITDA of EUR 0.783 million more than doubled YoY, compared to EUR 0....
Photon Energy NV
14 May 2024 08:35AM
Photon Energy Group Secures EUR 15 Million Multi-Tranche Project Financing from EBRD
Photon Energy Group Secures EUR 15 Million Multi-Tranche Project Financing from EBRD   The agreement was signed with Europen Bank for Reconstruction and Development to finance six solar PV power plants with a combined capacity of 29 MWp and the capacity market auctions and the research and development CapEx of Lerta S.A. The senior secured loan ...
Photon Energy NV
03 May 2024 11:01AM
Michael Gartner retires from the Board of Directors
Photon Energy Group announces the retirement of Michael Gartner from his position on the Board of Directors and the appointment of David Forth, CFO to the Board of Directors. For more details, please view the Company's ESPI report. Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
Photon Energy NV
30 April 2024 08:27PM
Photon Energy Group Publishes 2023 Annual Report and Sustainability Report
As of today, the Annual Report 2023 and Sustainability Report 2023 are available on the Group’s website, photonenergy.com. Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
Photon Energy NV
21 March 2024 10:38AM
Photon Energy Group Secures Polish Capacity Market Contracts for 316 MW, Locking in Revenues of EUR 13 Million for 2025
Photon Energy Group Secures Polish Capacity Market Contracts for 316 MW, Locking in Revenues of EUR 13 Million for 2025   As a result of additional auctions for 2025, the Company concluded contracts for 316 MW (out of which 315 MW is DSR capacity) in addition to the previously contracted 10 MW for the same year, ensuring PLN 56.1 million (EUR 13 m...
Photon Energy NV
20 February 2024 07:59AM
Photon Energy Group Presents Preliminary Results for 2023
Photon Energy Group Presents Preliminary Results for 2023   In 2023, the Company achieved revenues of 74.369 million EUR (-21.8% YoY). EBITDA was 5.107 million EUR (-79% YoY). Throughout the last year, the company's net loss amounted to 14.429 million EUR compared to a net profit of 6.262 million EUR recorded in 2022. On January 24, 2024, the Eu...
Photon Energy NV
01 February 2024 10:32AM
Photon Energy Commissions its 10th PV Power Plant in Romania
Powering Progress: Photon Energy Commissions its 10th PV Power Plant in Romania   Located in Bocșa, Caraș-Severin County, the 3.8 MWp installation expands the Photon Energy’s Romanian IPP (Independent Power Producer) portfolio to 39.1 MWp.   In the coming weeks, the Company is set to commission an additional three power plants in Romania with a c...
Photon Energy NV
30 January 2024 04:03PM
Photon Energy Signs 20-year On-site Power Purchase Agreement with FORVIA Clarion Hungary for 13.5 GWh
Photon Energy Signs 20-year On-site Power Purchase Agreement with FORVIA Clarion Hungary for 13.5 GWh   Under the power purchase agreement (PPA), Photon Energy will develop, build and operate a 630 kWp solar PV power plant on the customer’s premises which is projected to generate 13.5 GWh of electricity over the 20-year contract period. Clarion ...
Photon Energy NV
25 January 2024 10:41AM
Photon Energy Group Announces Project Sale and Development Partnership with INWE Group
Photon Energy Group Announces Project Sale and Development Partnership with INWE Group   Photon Energy Group has sold the project development rights to its PV Project in Złoczew, Poland (2.3 MW AC) to INWE Group’s subsidiary PM PV 7. As part of the agreement, Photon Energy Group will provide its PV development services to bring the project to the...
Photon Energy NV
10 January 2024 09:45AM
Photon Energy Connects 3.9 MWp Solar PV Power Plant to Grid in Romania
Photon Energy Connects 3.9 MWp Solar PV Power Plant to Grid in Romania   The Company has completed and grid-connected an additional power plant with a generation capacity of 3.9 MWp near Făget, Timiș County.   The total annual production of the power plant is expected to be around 5.8 GWh, corresponding to expected revenues of around EUR 550,000 ...
Photon Energy NV
30 November 2023 11:17AM
Photon Energy Signs O&M Contract for 100 MWp Rutki and Góra PV Power Plants
Photon Energy Signs O&M Contract for 100 MWp Rutki and Góra PV Power Plants   Photon Energy has signed a full operations and maintenance (O&M) contract for 100.19 MWp installed PV generation capacity with OX2 Construction AB (‘OX2’), one of Europe’s leading developers of renewable energy sources, headquartered in Sweden. The Company has c...
Photon Energy NV
15 November 2023 08:45AM
Monthly Report for October 2023
Photon Energy N.V. has published its monthly report for October 2023. View the report here. Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
Photon Energy NV
14 November 2023 08:04AM
Photon Energy Group Achieves Record Electricity Generation in Challenging Third Quarter of 2023
Photon Energy Group Achieves Record Electricity Generation in Challenging Third Quarter of 2023   In the first nine months of 2023, the Company’s unaudited consolidated revenues amounted to EUR 59.456 million, down by 12.3% YoY. This decrease was mainly due to lower realised electricity prices and a slow-down in PV components trading but was parti...
Photon Energy NV
12 October 2023 11:06AM
Monthly Report for September 2023
Photon Energy N.V. has published its monthly report for Septmeber 2023. View the report here. Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
Photon Energy NV
13 September 2023 05:21PM
Monthly Report for August 2023
Photon Energy N.V. has published its monthly report for August 2023. View the report here. Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
Photon Energy NV
08 September 2023 11:53AM
Photon Energy Joins RayGen to Open World-Leading Solar and Storage Plant in Australia
Photon Energy Joins RayGen to Open World-Leading Solar and Storage Plant in Australia   Located in Carwarp, Victoria, the power plant will add 4 MW of high-efficiency photovoltaic (PV) solar and 2.8 MW / 50 MWh (17 hours) of long-duration thermal storage to the West Murray grid. Photon Energy plans to deploy the unique RayGen technology for its 2...
Photon Energy NV
30 August 2023 07:16AM
Photon Energy Connects 10.3 MWp Solar PV Power Plants to the Grid in Romania
Photon Energy Connects 10.3 MWp Solar PV Power Plants to the Grid in Romania The Company has completed and grid-connected one power plant with a generation capacity of 3.2 MWp near Făget, Timiș County, and another with a capacity of 7.1 MWp near Săhăteni, Buzău County.   In Romania, the Company is building an additional five power plants with a c...
Photon Energy NV
21 August 2023 11:29AM
Photon Energy Group Reports Financial and Operational Results for the First Half of 2023
Photon Energy Group Reports Financial and Operational Results for the First Half of 2023 In the first six months the Company increased its consolidated revenues to EUR 40.231 million (+24.3% YoY) compared to EUR 32.367 million a year earlier, thanks to growing revenues from the capacity market, PV component trading and engineering services. Unau...
Photon Energy NV
18 July 2023 05:54PM
Notification on Transaction of Shares
The management board of Photon Energy N.V. has announced that it received a notification today on transactions of shares in line with the Article 19.1 of the Market Abuse Regulation. More details can be found here.   Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
Photon Energy NV
18 July 2023 05:54PM
Photon Energy NV: Notification on Transaction of Shares
The management board of Photon Energy N.V. has announced that it received a notification today on transactions of shares in line with the Article 19.1 of the Market Abuse Regulation. More details can be found here.   Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
Photon Energy NV
29 May 2023 08:56AM
Photon Energy Group Share Receives ‘Buy’ Recommendation from mBank
Photon Energy Group Share Receives ‘Buy’ Recommendation from mBank   Photon Energy Group’s  share  received a ‘Buy’ recommendation with a target price of PLN 18.54 (approx. EUR 4.09, CZK 97.00) per share by mBank’s research house. mBank is Poland’s fourth largest universal banking group and a subsidiary of Germany’s Commerzbank AG. mBank analysts...
Photon Energy NV
29 May 2023 08:56AM
Photon Energy Group Share Receives ‘Buy’ Recommendation from mBank
Photon Energy Group Share Receives ‘Buy’ Recommendation from mBank   Photon Energy Group’s  share  received a ‘Buy’ recommendation with a target price of PLN 18.54 (approx. EUR 4.09, CZK 97.00) per share by mBank’s research house. mBank is Poland’s fourth largest universal banking group and a subsidiary of Germany’s Commerzbank AG. mBank analysts...
Photon Energy NV
12 May 2023 07:41AM
Photon Energy Group Announces the Resignation of Andrej Horansky as CFO
Photon Energy Group Announces the Resignation of Andrej Horansky as CFO The Group’s CEO Georg Hotar will assume CFO responsibilities on an interim basis until a new Group CFO is appointed, with the recruitment process to be initiated soon.   Amsterdam – 12 May 2023 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’ or th...
Photon Energy NV
12 May 2023 07:41AM
Photon Energy Group Announces the Resignation of Andrej Horansky as CFO
Photon Energy Group Announces the Resignation of Andrej Horansky as CFO The Group’s CEO Georg Hotar will assume CFO responsibilities on an interim basis until a new Group CFO is appointed, with the recruitment process to be initiated soon.   Amsterdam – 12 May 2023 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’ or th...
Photon Energy NV
12 May 2023 07:33AM
Photon Energy Group Reports First-Quarter 2023 Financial Results
Photon Energy Group Reports First-Quarter 2023 Financial Results In the first quarter of 2023 the Group doubled its revenue to an all-time Q1 record of EUR 19.280 million (+111.0% YoY) despite challenging weather and market conditions affecting electricity generation revenues from its proprietary portfolio of PV power plants. The Group generated ...
Photon Energy NV
12 May 2023 07:33AM
Photon Energy Group Reports First-Quarter 2023 Financial Results
Photon Energy Group Reports First-Quarter 2023 Financial Results In the first quarter of 2023 the Group doubled its revenue to an all-time Q1 record of EUR 19.280 million (+111.0% YoY) despite challenging weather and market conditions affecting electricity generation revenues from its proprietary portfolio of PV power plants. The Group generated ...
Photon Energy NV
10 May 2023 07:34AM
Photon Energy Group Receives Renewal of ‘Very Good’ Rating from ESG Rating Agency imug rating
Photon Energy Group Receives Renewal of ‘Very Good’ Rating from ESG Rating Agency imug rating imug rating has assessed the Company’s sustainability performance as ‘very good’ with 77 out of 100 points in the areas of sustainability management, products and services and controversies. The rating was carried out on the basis of publicly available i...
Photon Energy NV
10 May 2023 07:34AM
Photon Energy Group Receives Renewal of ‘Very Good’ Rating from ESG Rating Agency imug rating
Photon Energy Group Receives Renewal of ‘Very Good’ Rating from ESG Rating Agency imug rating imug rating has assessed the Company’s sustainability performance as ‘very good’ with 77 out of 100 points in the areas of sustainability management, products and services and controversies. The rating was carried out on the basis of publicly available i...
Photon Energy NV
09 May 2023 12:22PM
Photon Energy Commissions Two Power Plants with Total Capacity of 9.5 MWp in Romania
Photon Energy Commissions Two Power Plants with Total Capacity of 9.5 MWp in Romania The Company has completed and grid-connected one power plant with a generation capacity of 4.73 MWp near Aiud, and another with a capacity of 4.73 MWp near Teiuș, both located in Alba County. Globally, the Company now owns and operates 94 power plants with a comb...
Photon Energy NV
09 May 2023 12:22PM
Photon Energy Commissions Two Power Plants with Total Capacity of 9.5 MWp in Romania
Photon Energy Commissions Two Power Plants with Total Capacity of 9.5 MWp in Romania The Company has completed and grid-connected one power plant with a generation capacity of 4.73 MWp near Aiud, and another with a capacity of 4.73 MWp near Teiuș, both located in Alba County. Globally, the Company now owns and operates 94 power plants with a comb...
Photon Energy NV
24 April 2023 10:50PM
Photon Energy Group Publishes 2022 Annual Report and Sustainability Report
Photon Energy Group Publishes 2022 Annual Report and Sustainability Report   Photon Energy Group reports record revenues of EUR 95.136 million (+161.7% YoY) and EBITDA of EUR 24.308 million (+153.6% YoY), as well as a net profit of EUR 6.262 million compared to a EUR -6.433 million loss in 2021. The Sustainability Report includes Photon Energy Gr...
Photon Energy NV
24 April 2023 10:50PM
Photon Energy Group Publishes 2022 Annual Report and Sustainability Report
Photon Energy Group Publishes 2022 Annual Report and Sustainability Report   Photon Energy Group reports record revenues of EUR 95.136 million (+161.7% YoY) and EBITDA of EUR 24.308 million (+153.6% YoY), as well as a net profit of EUR 6.262 million compared to a EUR -6.433 million loss in 2021. The Sustainability Report includes Photon Energy Gr...
Photon Energy NV
13 April 2023 08:48AM
Photon Energy Exceeds 100 MWp in IPP Portfolio With Three New Romanian PV Power Plants
Photon Energy Exceeds 100 MWp in IPP Portfolio With Three New Romanian PV Power Plants   The Company has completed and grid-connected another photovoltaic (PV) power plants near Calafat, Romania, with a combined generation capacity of 6.0 MWp. Globally, the Company now owns and operates 92 power plants with a combined capacity of 103.6 MWp. The...
Photon Energy NV
13 April 2023 08:48AM
Photon Energy Exceeds 100 MWp in IPP Portfolio With Three New Romanian PV Power Plants
Photon Energy Exceeds 100 MWp in IPP Portfolio With Three New Romanian PV Power Plants   The Company has completed and grid-connected another photovoltaic (PV) power plants near Calafat, Romania, with a combined generation capacity of 6.0 MWp. Globally, the Company now owns and operates 92 power plants with a combined capacity of 103.6 MWp. The...
Photon Energy NV
28 March 2023 06:03PM
Photon Energy Group Increases Green Bond to EUR 80.0 Million
Photon Energy Group Increases Green Bond to EUR 80.0 Million   Amsterdam – 28 March 2023 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’, the ‘Company’ or the ‘Issuer’) has announced that it has successfully increased its first 6.50% Photon Energy Green EUR Bond 2021/27 (ISIN: DE000A3KWKY4) (the ‘Bond’) to a total amoun...
Photon Energy NV
28 March 2023 06:03PM
Photon Energy Group Increases Green Bond to EUR 80.0 Million
Photon Energy Group Increases Green Bond to EUR 80.0 Million   Amsterdam – 28 March 2023 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’, the ‘Company’ or the ‘Issuer’) has announced that it has successfully increased its first 6.50% Photon Energy Green EUR Bond 2021/27 (ISIN: DE000A3KWKY4) (the ‘Bond’) to a total amoun...
Photon Energy NV
21 March 2023 07:51AM
Photon Energy Secures DSR Capacity of 389 MW and Locks-in EUR 24.8 Million in 2024 Revenue
Photon Energy Secures DSR Capacity of 389 MW and Locks-in EUR 24.8 Million in 2024 Revenue The Company secured DSR (Demand Side Response) capacity of 375 MW in the additional Polish TSO auction for 2024, on top of the previously contracted capacity of 14 MW for the same year. The contracts lock in PLN 116.8 million (EUR 24.8 million) in total DSR...
Photon Energy NV
21 March 2023 07:51AM
Photon Energy Secures DSR Capacity of 389 MW and Locks-in EUR 24.8 Million in 2024 Revenue
Photon Energy Secures DSR Capacity of 389 MW and Locks-in EUR 24.8 Million in 2024 Revenue The Company secured DSR (Demand Side Response) capacity of 375 MW in the additional Polish TSO auction for 2024, on top of the previously contracted capacity of 14 MW for the same year. The contracts lock in PLN 116.8 million (EUR 24.8 million) in total DSR...
Photon Energy NV
20 March 2023 09:17PM
Photon Energy Group Secures EUR 21.9 Million Financing for Romanian Projects
Photon Energy Group Secures EUR 21.9 Million Financing for Romanian Projects   The non-recourse financing agreement amounts to EUR 21.9 million for a period of 5 years. The financing was completed with Raiffeisen Bank International for eight solar PV power plants with a combined capacity of 31.5 MWp. Photon Energy currently has additional utilit...
Photon Energy NV
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