POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No5/2021
Date of issue:2021-01-25
Short name of the issuer
PHOTON ENERGY N.V.
Subject
Photon Energy secures long-term financing for additional 14.1 MWp in Hungary.
Official market - legal basis
art. 17. 1 MAR.
Unofficial market - legal basis
Contents of the report:
The management board of Photon Energy N.V. announces that it has closed a second long-term non-recourse project financing agreement with the Hungarian CIB Bank for ten proprietary photovoltaic (PV) power plants in Hungary. The portfolio to be refinanced is comprised of ten METÁR-licensed PV power plants with a combined capacity of 14.1 MWp in the municipality of Püspökladány. The projects have been feeding clean electricity into the grid since their commissioning between October and November 2020. The financing, which totals HUF 4.6 billion (EUR 12.9 million), is being provided for a period of 15 years by CIB Bank, a subsidiary of the Italian Intesa Sanpaolo Group and the second-largest commercial bank in Hungary. Photon Energy delivered the engineering, procurement and construction services for all of the above-mentioned power plants through its subsidiary Photon Energy Solutions HU Kft. The Group’s subsidiary Photon Energy Operations HU Kft. is providing long-term monitoring and operations and maintenance services to the power plants.
Annexes
FileDescription
PHOTON ENERGY N.V.
(fullname of the issuer)
PHOTON ENERGY N.V.Energetyka (ene)
(short name of the issuer)(sector according to clasification of the WSE in Warsow)
1083 HNAmsterdam
(post code)(city)
Barbara Strozzilaan201
(street)(number)
+31 20 240 2570+31 20 240 2598
(phone number)(fax)
(e-mail)(web site)
8500.20.827
(NIP)(REGON)
SIGNATURE OF PERSONS REPRESENTING THE COMPANY
DateNamePosition / FunctionSignature
2021-01-25Georg Hotar and Michael GartnerDirectors