Only days after launching its Australian unit Photon EnergyGeneration Australia (PEGA), Photon Energy announces its firstthree PV projects on the basis of Commercial Hire PurchaseAgreements. All three PV plants will be ground-mounted and areprojected to annually supply 820 MWh of clean electricity to thegrid based on a feed-in-tariff with self-consumption option. Theprojected investment volume is AUD 1.6 million (EUR 1.06 million)and all three plants are planned to be completed and grid connectedby the end of 2014 Q1. The news comes on the same day as thecompany pays investors the third quarterly coupon of its 8%corporate bond.
Sydney / Amsterdam, 12. 12. 2013 – PhotonEnergy Investments has signed its first three PV projects on aCommercial Hire Purchase Agreement-basis (CHP). This comes only afew days after it presented its new standardised financing optionsin Sydney on 9 December. The revolutionary financing models, whichcan unlock the Australian commercial solar market, have beencompared to leasing models and make solar energy accessible toAustralian power consumers. All three projects have been signed bysubsidiary Photon Energy Generation Australia (PEGA) and arelocated at Mugga Lane and Jerrabomberra in the Australian CapitalTerritory (ACT), the region surrounding the capital Canberra.
"Photon Energy Generation Australia is off to a flyingstart, putting our concept of bringing affordable, clean and safeenergy to commercial users on the basis of standardised financingsolutions into action”, explains Michael Gartner, Managing Directorof Photon Energy Australia. “The response to PEGA’s launch exceededour expectations and confirmed the substantial demand for highperformance commercial solar solutions".
“Today’s jump-start of PEGA validates our business model andsolidifies our market leadership in the ACT, coming on top of a 290KWp PV plant in Sydney – the largest in the city – currently underconstruction by our company. Step by step Photon Energy Investmentsis becoming market leader in the fast-growing commercial solarmarket in Australia”, adds Georg Hotar, Chief Executive Officer ofPhoton Energy NV. “We are very pleased about our progress inleveraging our international experience combined with standardisedfinancing in the world’s sunniest continent”, Hotar concludes.
Photon Energy Investments placed an 8% corporate bond earlierthis year, which can still be subscribed to over the issuer’swebsite at www.photonenergyinvestments.com. Investors are beingpaid their third quarterly coupon today.
MEDIA CONTACT
Jan Krcmar
Ejan.krcmar@photonenergy.com
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