Photon Energy Secures Long-Term Financing for 11.5 MWp in Hungary

Photon Energy (WSE: PEN, the 'Group') announced today that it has closed a long-term non-recourse project financing agreement for its 11.5 MWp proprietary PV power plant portfolio in Hungary.

The portfolio is comprised of 17 individual KÁT-licensed PV power plants in three different locations.

The 0.5 MWp project in Fertőd was grid-connected in March 2018, eight projects in Tiszakécske with a combined capacity of 5.5 MWp in December 2018, and additional eight projects in Almásfüzitő with a total capacity of 5.5 MWp are expected to be connected by the end of January 2019. 

Full press release.