Photon Energy: Photon Energy Investments acquires first power plant in Australia

Largest rooftop PV installation will produce an estimated 210.240 kWh per year

Rooftop power plant in Symonston, Copyright: Photon Energy

Amsterdam (pta013/11.04.2013/11:20 UTC+2) Photon Energy Investments has taken its first Australian power plant into its portfolio. The rooftop plant, developed by its sister company Photon Energy Projects in Australia, is the largest rooftop installation in the region and was already ready to be connected in March. Further Australian projects are in the pipeline.

Photon Energy Investments, a division of solar power solutions company Photon Energy, has acquired a rooftop power plant with an installed capacity of 144 kWp located in Symonston, near the Australian capital Canberra. The power plant is currently the largest rooftop plant in the Australian Capital Territory (ACT) and will produce an estimated 210.240 kWh per year. The plant was constructed and commissioned by sister company Photon Energy Engineering Australia Pty Ltd.

The project was acquired in line with Photon Energy Investment's low-risk strategy, which is based on entering new markets by at first taking over smaller pilot projects developed by on-location subsidiaries or project partners.

Photon Energy Investments' portfolio of PV power plants now includes 26 power plants with an installed capacity of 28 MWp in four countries. Following the placement of a corporate bond earlier this year Photon Energy Investments plans to further expand its portfolio. In Australia alone Photon Energy has over 25 MWp of projects under development.

Australia boasts the highest average solar radiation by square meter of any continent and has long been seen as an ideal market for solar power. In a white paper published in 2012 the Australian government has laid out a vision of the continent relying on clean energy and largely eliminating coal-fired power stations by 2050. Australia has an active market in Renewable Energy Certificates and has implemented the world's first Carbon Tax charging polluters for carbon emissions in a move to encourage the use of renewable energies including solar power.

CONTACT

Jan Krcmar
T +420 773 032 182
E jan.krcmar@photonenergy.com

ABOUT PHOTON ENERGY INVESTMENTS

Photon Energy Investments N.V. is an independent producer of electricity from its own portfolio of PV power plants. It is part of the Photon Energy group, a global solar power solutions and services company. Photon Energy Investments' core business is solar power asset creation and management, and providing sustainable and long-term cash flows for shareholders. The portfolio of Photon Energy Investments includes 26 solar power plants in Czech Republic, Slovakia, Australia and Italy with a total installed capacity of 28 MWp at the end of 2012. The company is expanding its asset portfolio with new solar power plants in Europe, Australia and North America.
For further information please visit http://www.photonenergyinvestments.com

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Emitter:	Photon Energy Barbara Strozzilaan 201 1083HN Amsterdam Netherlands
Contact Person:	Jan Krcmar
Phone:	+420 277 002 910
E-Mail:	jan.krcmar@photonenergy.com
Website:	www.photonenergyinvestments.com
ISIN(s):	DE000A1HELE2 (Bond)
Stock Exchange(s):	Free Market in Berlin, Frankfurt, Hamburg, Hannover