4 June 2013 – The shares of Photon Energy N.V. debuted today on the NewConnect market of the Warsaw Stock Exchange. With the debut Photon Energy returned to the market after growing from a start-up to a globally active group spanning three continents in just five years. Photon Energy N.V. is the first Dutch company to be listed on NewConnect.
Photon Energy N.V. successfully debuted on the NewConnect market of the Warsaw Stock Exchange on 4 June 2013. With this step the company concluded a restructuring process which saw the company grow from a Czech solar power plant operator to a global photovoltaic solutions provider headquartered in Amsterdam. Photon Energy Group now spans three continents with a track record of 50MWp of installed capacity, of which the company holds 25MWp in its own portfolio. Photon Energy Operations, the group's Operations & Maintenance (O&M) division, now services over 60MWp of power plants in six countries.
"We have come a long way from building our first power plant in the Czech Republic in 2009 to having commissioned our first rooftop installation in Australia this year," says Photon Energy N.V. CEO Georg Hotar.
Clear focus and strategy in a fast-changing industry
In the light of a fast-changing solar industry Photon Energy intends to focus on those activities in the downstream segment providing multiple uncorrelated recurring revenue streams. "We intend to grow our Operations & Maintenance business both in established photovoltaic markets with large installed generation capacity while leveraging our experience and capabilities in O&M to develop standardised financing solutions and energy management services", explained CEO Georg Hotar.
"For the development and construction of new power plants we focus outside the traditional PV markets in the EU. Besides the promising Australian market, where we have been present since 2011, we are preparing our entry into the equally attractive Turkish market", says Georg Hotar. Solar energy in Turkey has in many regions reached gridparity, meaning that solar energy can be produced at prices competitive with purchasing electricity from the grid. Dynamic economic growth, a strong dependence on imported fossil fuels and - after reaching an investment grade rating earlier this year – declining interest rates, provide an ideal setting for solar energy in Turkey. "We are
equally working on investment opportunities in Ontario while preparing a project development strategy for Japan. This geographic spread provides us with much-needed diversification between developed and emerging markets on the one hand and between feed-in-tariff-based and grid-parity markets on the other", adds Georg Hotar.