Photon Energy Secures Contract with Greenvolt Group to Provide Solar Asset Management in Hungary
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Issuer: Photon Energy NV
/ Key word(s): Contract
Photon Energy Secures Contract with Greenvolt Group to Provide Solar Asset Management in Hungary
Amsterdam/Budapest – 12 March 2025 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (“Photon Energy” or the “Company”) has signed a contract with Greenvolt Power (the “Client”), a leading international wind, solar and energy storage developer, and part of Greenvolt Group, to provide asset management for the Client’s Királyegyháza solar PV power plant. “We are delighted to work with Greenvolt, leveraging our in-house expertise to deliver comprehensive asset management now that the power plant is in operation,” said Georg Hotar, CEO of Photon Energy Group. “This collaboration with Photon Energy ensures that our solar PV asset in Hungary is managed with high standards of efficiency and performance – essential for consolidating our position as a key player in the utility-scale segment,” said Jacek Bladek, COO of Greenvolt Power. Covering 75 hectares, the facility is distributed across three municipalities (Királyegyháza, Szentlőrinc and Kacsóta) in the Szentlőrinc district of southern Hungary and has a combined installed capacity of 57 MWp. The Company will provide full asset management services to the Client, including contract management, owner representation, reporting, project management and technical management. Photon Energy’s Operations & Maintenance division now has a total of over 1.1 GWp of installed PV capacity under O&M and asset management contracts in its key CEE markets and Australia, with several additional contracts under negotiation and expected to be concluded by the end of the year. In Hungary, the Company currently has installed solar PV assets with a total capacity of 400 MWp under O&M and asset management contracts.
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 180 MWp and owns power plants with a combined capacity of 130 MWp. It is currently developing projects with a combined capacity of 1 GWp in Australia, Hungary, Poland, Romania and South Africa and provides operations and maintenance services for over 1.1 GWp worldwide. The New Energy business has electricity trading licenses in Poland, Hungary, the Czech Republic, Slovakia, and Serbia. The Company is one of the largest providers of DSR services to the Polish TSO with a contracted capacity of approx. 320 MW for 2025, and through its Virtual Power Plant (VPP) aggregates energy generators and consumers with a total capacity of over 480 MW. The Group’s other 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 Remediation delivers comprehensive environmental remediation solutions, including patented in-situ technology that has been proven to effectively remove PFAS from groundwater and soil. Photon Energy N.V., the holding company for Photon Energy Group, is listed on the Warsaw, Prague and Frankfurt Stock Exchanges, as well as XETRA, Germany’s leading online trading platform. Photon Energy Group is headquartered in Amsterdam, with offices in Australia and across Europe.
About Greenvolt Power – power.greenvolt.com Greenvolt Power, part of Greenvolt Group, a global leader in 100% renewable energy, operates in the Utility-Scale segment, specializing in onshore wind, solar, and energy storage. With strong expertise in development, the company also excels in financing, construction, operation, and asset management of large-scale projects. With a strong presence across 17 markets in Europe, North America, and Asia, Greenvolt Power has a current pipeline of 10.9 GW, with 6.5 GW expected to be ready for construction by the end of 2025. It is also one of the world’s leading developers of battery energy storage systems (BESS), with a pipeline capacity of 2.6 GW. Media Contact
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