In July, our power plants’ portfolio generated a total of 5.8GWh of electricity, which was 1.6% above the energy forecasts.Additionally, we successfully increased the Group's 7.75%corporate bond 2017/2022 by EUR 7.5 million to a total outstandingvolume of EUR 37.5 million, corresponding to 25% of the previousbond volume.
On 2 July, Photon Energy connected to the grid three PV powerplants with a total capacity of 2.1 MWp, located in themunicipality of Nagyecsed, Hungary. This new addition expands theGroup’s proprietary portfolio of PV power plants to 39.2 MWp. TheGroup also acquired four additional PV projects with a totalplanned capacity of 2.8 MWp in the municipality of Kunszentmárton,Central Hungary.
In Australia, the Company successfully completed theconstruction of 20 out of 30 rooftop installations for thesupermarket chain ALDI Stores Australia with a capacity of 99 kWpeach.
On 30 July, Photon Energy sold its 25% stake in Suntop SolarFarm Pty Ltd., the project company which is holding all projectrights and has obtained Development Approval for the 189 MWp PVpower plant project in Suntop, New South Wales in Australia, toCanadian Solar Inc.
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Martin Kysly
T +420 774 810 670
E martin.kysly@photonenergy.com