- The full service agreement with an undisclosed customer represents the first anchor deal of the Company in the competitive Polish photovoltaic (PV) market.
- The Company aims to grow its portfolio of O&M contracts in Poland to 100 MWp by the end of 2022.
- In addition, the Company has obtained the ISO 9001:2015 certifcation, the world’s most recognised Quality Management System (QMS) standard.
Amsterdam/Warsaw – 23 June 2022 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’ or the ‘Company’) announces that its Polish solar PV operations and maintenance (O&M) services subsidiary Photon Energy Operations PL Sp. z o.o. signed a full service O&M agreement with its first Polish anchor customer for two PV power plants with a total installed capacity of 48 MWp.
The deal puts the Company well on track to reach its 2022 year-end target of 100 MWp in O&M contracts in the largest PV market in the Central and Eastern European (CEE) region as part of the Company’s long-term goal to grow its global O&M portfolio to 1.0 GWp by year-end 2024. Currently, Photon Energy’s Operations & Maintenance Division services a total of 328 MWp of installed PV capacity in its key CEE markets and Australia.
‘Winning our first anchor customer in the highly competitive Polish market represents a major milestone in our strategy to become the partner of choice and leader in the fast-growing PV power plant O&M market in the CEE region,’ said Georg Hotar, CEO of Photon Energy Group. ‘Across the projected growth of our proprietary portfolio and a growing pool of domestic and international PV investors, we are on track to reach our goal of providing O&M services to 1,000 MWp of installed PV generation capacity by year-end 2024.’
In addition to this major deal, Photon Energy Operations PL Sp. z o.o. also successfully completed its ISO 9001:2015 certification process in the Polish market, underlining the Group’s determination and a culture of continuous improvement based on a standardised quality management system across its CEE markets, i.e. the Czech Republic, Hungary, Poland, Romania and Slovakia. The Company’s O&M Division services the Group’s own portfolio of power plants as well as PV assets of a growing number of both local and international investors in the CEE region.
