Photon Energy connects first 2 of 10 PV plants in Püspökladány to grid

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Photon Energy N.V. announced that Photon Energy Solutions HU Kft., the groupʼs Hungarian subsidiary dedicated to engineering, procurement, and construction (EPC) services, has completed and grid connected two PV power plants with a combined capacity of 2.8 MWp in the town of Püspökladány (162 know east of Budapest). 

At the same location, the company is currently at an advanced stage of building another eight PV power plants with a combined capacity of 11.3 MWp. 

This latest addition expands the groupʼs installed base in Hungary to 37.8 MWp and its global proprietary portfolio of power plants to 63.4 MWp.

The grid connection of another six power plants is scheduled to take place at the end of October 2020, with the remaining two power plants expected to be commissioned at the end of November 2020. 

The two new power plants extend over 4.3 hectares and are connected to the grid of E.ON Tiszántúli Áramhálózati Zrt. Together they are expected to generate around 4.1 GWh of electricity per year.

« We are very proud to commission the first two of ten power plants in the location of Püspökladány, Hungary. Along with our first 14 MWp merchant project in the Australian market, which is scheduled to be grid connected before the end of this year, these two new and the additional eight yet-to-be-commissioned additions will expand our Hungarian and global PV portfolio of power plants to 49.1 MWp and 88.6 MWp, respectively, by the end of 2020, » said Georg Hotar, CEO of Photon Energy.

The group will operate the new power plants through two wholly-owned project companies, each of which possesses a METÁR license. These licenses entitle each power plant to a de facto feed-in tariff (in the form of electricity sales on the energy spot market plus a contract-for-difference) of HUF 33,360 per MWh. Both power plants are entitled to a maximum approved and supported production of approximately 38,400 MWh per license over a period of 17 years and 11 months. The combined annual revenues of the two power plants are expected to be EUR 380,000.

The valuation model for the groupʼs proprietary portfolio in accordance with IAS 16 implies that other comprehensive income of approximately EUR 0.9 million will be recorded in the groupʼs Q4 2020 Consolidated Income Statement in relation to the commissioning of the two PV power plants.

Renewable power plants with a combined capacity of 254 megawatt (MW) – mostly micro-systems – have been connected to Tauron Dystrybucjaʼs network in the first half of 2020, Polish energy company Tauron Polska Energia SA said Monday as cited by news portal Renewables Now.

Mátrai Erőmű, the second-biggest generator of electricity in Hungary, plans to add a 500 MW gas-fueled combined-cycle block at its plant in Visonta (80 km northeast of Budapest) and install solar parks with a combined capacity of 440 MW at its lignite mines which are gradually being recultivated, according to a report by state news wire MTI.

Polish energy company Energa, part of the Orlen Group, launched the 31-MW (megawatt) Przykona wind farm on July 7, according to local media reports. 

The Bulgarian government is planning to re-introduce FiT payments for rooftop photovoltaic (PV) for a year, in a move which could revive the nation’s solar sector after years of limited growth, reports energy portal pv-magazine. 

Photon Energy has commenced construction on 10 photovoltaic power plants for its own PV portfolio with a total capacity of 14.1 MWp in Püspökladány (approximately 162 km east of Budapest), according to a press release sent to the Budapest Business Journal.

Bulgaria-based solar company REEF Development Ltd. has acquired a 49.99-megawatt (MW) photovoltaic (PV) park in the Spanish region of Extremadura, Renewables Now reports. 

Photon Energy Solutions HU Kft., Photon Energy N.V.ʼs subsidiary dedicated to engineering, procurement and construction (EPC) services, has completed and grid-connected five PV power plants with a total installed capacity of 3.5 MWp in Hungary, expanding the groupʼs installed base in Hungary to 35 MWp and its total proprietary portfolio to 60.6 MWp.

Proportional solar energy use reached an all-time high on Sunday, when it accounted for 27.3% of total Hungarian electricity production, writes penzcentrum.hu.

The state-owned Hungarian Electricity Works (MVM) has acquired Mátrai Erőmű, the countryʼs second-biggest power plant, for a price of HUF 17.4 billion, Gergely Gulyas, the head of the Prime Ministerʼs Office, said at a regular press briefing on Thursday, state news wire MTI reports.

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Source: https://bbj.hu/energy-environment/photon-energy-connects-first-2-of-10-pv-plants-in-puspokladany-to-grid_190363

Energy, Photovoltaics, Hungary

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