The total annual production of the new power plant is expected to be around 5.8 gigawatt hours. High-efficiency bifacial photovoltaic modules mounted on single-axis trackers will deliver clean energy to the grid managed by E-Distribuție Banat. The electricity generated will be sold on the energy market on a merchant basis, without any governmental support or a power purchase agreement with an energy off-taker.
55k euros in revenues expected
The Company expects the power plants to generate around EUR 550,000 in revenues in 2024 based on the current forward prices for electricity base load in Romania.
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Located near Făget (Timiș County), the power plant extends over 6.6 hectares of greenfield land and is equipped with a combined total of 7,280 photovoltaic modules. The power plant is owned and operated by a special-purpose company, which itself is fully owned by Photon Energy Group.
About Photon Energy Romania
In the Romanian market, Photon Energy offers a wide range of services including project development, EPC (engineering, procurement and construction) and O&M (operations and maintenance) of PV power plants. In addition, Photon Energy distributes PV components and builds PV rooftop installations for both commercial and industrial customers. (mfo)
