Photon Energy brings 5.6 MWp of PV online

Telco

Amsterdam-based Photon Energy NV has announced it has commissioned 5.6 MWp (megawatt-peak) of solar photovoltaic (PV) farms in the town of Monor (37 km southeast of Budapest). 

Eight solar farms, with an estimated production totaling some 6.9 gigawatt-hours (GWh) per year, were connected to the grid of local power distributor NKM Áramhálózati Kft.

Photon Energy will own the solar farms and operate them through its wholly owned project company, which holds eight obligatory off-take (KAT) licenses that entitle it to a 25-year feed-in tariff (FiT) set at HUF 32,590/megawatt-hour (MWh). The maximum approved and supported production is 16,950 MWh per license.

With the new farms online, Photon Energy’s proprietary PV portfolio has grown to 44.8 MWp, the company says.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.