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PHOTON ENERGY INVESTMENTS N.V.: Record month for solar power plants
Photon Energy Investments' power plants had best historic results in July 2013.

Amsterdam
(pta010/19.08.2013/10:40 UTC+2)
Thanks to extremely favourable weather conditions the majority of the company's photovoltaic power plants broke their "personal bests" and exceeded generation forecasts by up to 14 per cent. On average, the portfolio in Central Europe, Italy and Australia outperformed the predicted results by 9 per cent. Investors have until February 2014 to participate in the company's ongoing growth by subscribing to Photon Energy Investments' 8% corporate bond.
Dutch-based Photon Energy Investments N.V., a division of global solar power solutions and services company Photon Energy N.V., recorded the best performance of its portfolio of power plants to date. In July the company's power plants produced an average of nine per cent more solar energy than predicted by generation forecasts. Thanks to extremely favourable weather conditions most of the company's power plants in Central Europe, Italy and Australia broke their generation records.
"Our power plants usually exceed the predicted generation results, but the performance of our portfolio in July was exceptional," says Georg Hotar, CEO of Photon Energy Investments. "Our business operates in the reliable Sweet Spot of the solar industry - the sale of renewable energy from our power plants," adds Hotar.
In the Czech Republic seven of the Company's eleven power plants broke their generation records. For example, the 2,35 MWp power plant in Radvanice, commissioned in 2010, produced 385,890 kWh of renewable power in July, which represents an 8.1 per cent outperformance of energy forecasts. In Slovakia, the 1 MWp power plant in Prsa, built in the same year, broke its record with 174,246 kWh produced, coming in a whole 26.3 percent over forecasts. Detailed information can be found in Photon Energy Investments' monthly report for July published on 16 August. The report can be downloaded from the company's website www.photonenergyinvestments.com.
"Thanks to our O&M division Photon Energy Operations our power plants run with an uptime solidly exceeding 99 per cent, which is crucial during the most productive months of the year", explains CEO Georg Hotar. "Our Uptime and Performance Guarantees are among the many features and services valued highly by the growing number of clients of our O&M division Photon Energy Operations", Hotar adds.
Photon Energy Investments issued an 8% corporate bond earlier this year, which investors in Austria, Germany, Slovakia, Poland and the Czech Republic can still subscribe to directly through the issuer's website at www.photonenergyinvestments.com. The bond is also being traded on the stock exchanges in Frankfurt, Berlin, Hamburg and Hannover.
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, Italy and Australia with a total installed capacity of 26,8 MWp. The company is expanding its asset portfolio with new solar power plants in Europe, Australia and North America. For more information please visit www.photonenergyinvestments.com
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Emitter: |
PHOTON ENERGY INVESTMENTS N.V. Barbara Strozzilaan 201 1083HN Amsterdam Netherlands |
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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 |