July 2022 at Photon Energy Group

We are pleased to share our monthly report for June 2022. The month’s highlights include: 

Our independent power producer (IPP) portfolio of PV power plants produced 14.5 GWh of electricity.

On a year-to-date basis, 80.5 GWh of electricity has been produced, compared to 59.6 GWh during the same reporting period last year, an increase of 35.1%. 

The clean electricity generated by our plants in the first three months of 2022 represents an avoidance of 31,647 t of CO₂ emissions.

In July our proprietary portfolio of PV power plants generated its highest ever electricity revenues. Driven by the great momentum in direct electricity sales into the market, we have increased our full-year 2022 revenue expectations

We began construction on another 4 PV plants in Romania, bringing the total number of Romanian projects under construction to five, with a combined generation capacity of 16.5 MWp.

We have published our Q2 and H1 financial report, announcing more than doubled revenues year-on-year and positive pre-tax and after-tax profit in both the second quarter and first half of 2022.

Download Monthly Report for July 2022