Photon Energy N.V. — M&A Activity 2019

Oct 25, 2019

The Management Board of Photon Energy NV announces that on 25 October 2019 its subsidiary Photon Energy Solutions HU Kft in consortium with RenCraft Sp. z o.o. signed an agreement with Miejskie Wodociągi i Kanalizacja w Koszalinie sp. z o.o. (water utility company located in the north of Poland) for the construction of a 950 kWp photovoltaic power plant in the location of the sewage treatment plant in Jamno.

The total net value of the project is PLN 3.36 million. The scope of the project includes project development, technology procurement, engineering and construction works as well as the provisions of maintenance services during the warranty period of 60 months from power plant commissioning.

The project shall be completed and grid connected within seven months from the date of signing the agreement with the investor i.e. by 25 May 2019.