Photon Energy published its monthly investor report for December2017. The power plants in the company's proprietaryportfolio produced on average over 14% more energy in December thanexpected, which brought the average yearly outperformance to 8.3%against generation estimates, while the total production in 2017exceeded the production for the full year 2016 by 4.6%.
An agreement with an investor holding EUR 1.5 million nominal ofthe 8% EUR bond 2013/18 has been reached on the repurchase of theinvestor’s entire bond holdings, which will be withdrawn andretired, thus significantly reducing the outstanding nominal valueof Photon Energy’s 2013/18 EUR bond.
Photon Energy also progressed on the construction of its firstHungarian photovoltaic power plant with an installed capacity of528 KWp in the Western Hungarian municipality of Fertőd. To supportthe company’s business activities in Hungary an office in Budapesthas been opened.
Download the monthly report here (pdf).
All our reports can be found onthe Reports page in our InvestorRelations section.
Anastasia Hotar
T +420 775 861 732
E anastasia.hotar@photonenergy.com