The combined generation capacity of the new power plant is 3.9 MWp.
The plant is located in Faget (Timis County), covers 6.6 hectares of empty land, and consists of 7,280 combined solar panels. Company officials expect the plant to generate revenue of approximately EUR550,000 in 2024 based on the current prices for the electricity supplied in broadband or on the Day-Ahead Market, in Romania.
Georg Hotar, CEO of Photon Energy Group, said the company’s portfolio reached a total nine power plants in Romania, with a total installed capacity of 35.4 MWp in 2023. Moreover, another four power plants built, with a combined installed capacity of 16.9 MWp, are due to be put into service in the coming months.
The company’s IPP (Independent Power Producer) portfolio now includes 97 solar power plants, with a combined generation capacity of 127.3 MWp.
The company is currently developing utility-scale solar PV projects with a combined capacity of over 1.2 GWp MWp in Australia and its key CEE markets, including almost 220 MWp in Romania, of which a total capacity of 16.9 MWp is at an advanced stage of construction.