Due to less favourable weather conditions, the overall performance of the power plants in Photon Energy N.V.’s portfolio came in approximately 25.4% below expectations. 68.5 GWh of electricity was produced YTD compared to 42.2 GWh one year ago (+62.4%), %), propelled by the addition of new Hungarian power plants over the past year.
During the reporting period, Photon Energy finished commissioning of 14.1 MWp within its Hungarian portfolio, expected to generate around 20.3 GWh per year.
After the reporting period on 4 December 2020, Photon Energy established a two-tier board structure comprised of the existing management board and a new supervisory board and audit committee. The changes relate to the planned transfer of the Company’s share listings from the alternative NewConnect and Free Market to the regulated (parallel) market of the Warsaw Stock Exchange and the standard market of the Prague Stock Exchange.
The company received prospectus approval for listing on regulated markets of the Warsaw and Prague Stock Exchanges on 14 December 2020.
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