Photon Energy N.V.
Monthly Report for December 2021
For the period from 1 to 31 December 2021
Photon Energy N.V. | Monthly Report for December 2021 |
1. Information on the occurrence of trends and events in the market environment of the
Issuer, which in the Issuer's opinion may have important consequences in the future for the financial condition and results of the Issuer
1.1 Production results of Photon Energy's power plants in the reporting period
The Company reports 103.3 GWh of electricity produced YTD compared to 70.0 GWh one year ago (+47.6%), propelled by the addition of new Hungarian power plants over the past 15 months (15.5 MWp added in October 2020, November 2020 and Decem- ber 2021) and of our two utility-scale PV power plants in Leeton, Australia (14.6 MWp connected to the grid in August 2021). This represents an avoidance of 43,864 tonnes of CO2 emissions in 2021.
In December the proprietary portfolio outperformed the audits by 4.6% and by 0.9% year-to-date.
For more information, please refer to chapter 2. Proprietary PV power plants.
1.2 Photon Energy Group sells 160 MWp Solar PV Project to WIRSOL
The Company sold its 65% stake in its 160 MWp solar PV power project in Maryvale, New South Wales, to the global renewable energy group WIRSOL.
Maryvale Solar Farm is located in the NSW Central-West Orana Renewable Energy Zone, which is earmarked to unlock up to 3 GW of network capacity by the mid-2020s.
By the transaction Photon Energy Group immediately realised a capital gain in the amount of EUR 0.5 million, which will be reflected in the Group's Q4 2021 financial statements. In addition, the agreement foresees another two milestone-related payments for the Company upon successful completion and commissioning of the project by the Investor.
Following the project exit, Photon Energy Group plans to fully focus its future project development activities in Australia on large utility-scale projects based on the unique RayGen technology that combines PV Ultra solar co-generation and electro-thermal energy storage technologies.
1.3 Photon Energy repays project financing of Czech PV portfolio
The Company announced that it has early repaid the remaining project financing of its Czech PV portfolio provided by Raiffeisen - Leasing, s.r.o. ("RL") on 30 December 2021. The project financing for a total installed capacity of 12.3 MWp had been originally provided by RL's predecessor in 2009 and 2010 and was due on 1 January 2023. The remaining outstanding principal, accrued interest and expected break fees as of 30 December 2021 amounted to approximately CZK 288.65 million (EUR 11.57 mil- lion) and were repaid by a combination of the cash balances (partially restricted) held by the project companies (CZK 116.4 million, EUR 4.66 million) and loans provided by the Group to the project companies totalling CZK 172.25 million (EUR 6.91 mil- lion). In January 2022 the Group will exercise its call options and
take legal ownership of 100% of the equity of the project compa- nies. The Photon Energy Group's cash injection into this transaction has been financed by the equity raised during the placement of treasury shares in June 2021.
Depending on market conditions, or should the need arise, Photon Energy Group could arrange new project financing for the Czech PV portfolio in order to either service group-level financial debt and/or to finance the expansion of its proprietary portfolio.
1.4 Photon Energy Group leads series A equity round in Lerta
The Company has been the lead investor along two other investors in Lerta S.A.'s series A equity financing round, investing PLN 8.75 million and increasing its ownership stake from 12% to 24%.
Lerta raised a total of PLN 12.75 million in new equity. Photon Energy Group's new investment goes hand-in-hand with the Company's deepening cooperation with Lerta in the areas of electricity trading for the Company's utility-scale PV power plant portfolio, an integrated approach to the booming behind-the-meter market segment combining on-site energy generation, electricity trading and VPP services and jointly exploring new business models in the dynamically developing energy market.
Since Photon Energy Group's first investment in December 2020 Lerta has obtained electricity trading licenses in Poland, Hungary, Romania and the Czech Republic and managed to expand its presence on the Polish capacity market to over 50 MW of demand side response (DSR) assets under management.
Since 9 December, Lerta has provided electricity trading and balancing services to Photon Energy Group's first European merchant PV power plant with an installed capacity of 1.4 MWp in Tolna, Hungary.
The new capital will be allocated to the development of Lerta's Virtual Power Plant in Poland and to the growth of operations in its new markets within the CEE region, where the company will work closely with Photon Energy Group.
Photon Energy Group had already indirectly invested in Lerta through its investment in the ValueTech Seed Fund that led Ler- ta's first financing round in 2018. The investment in the Value- Tech Seed Fund is what originally brought Lerta to Photon Energy Group's attention, followed by extensive discussions about a strategic alignment between the companies, which has convinced Photon Energy Group's management to lead Lerta's second and third equity rounds.
1.5 Reporting on Photon Energy's project pipeline
Photon Energy is currently developing PV projects in Australia (300.0 MWp), Hungary (95.2 MWp), Romania (225.5 MWp) and Poland (155.0 MWp), and is evaluating further markets for oppor- tunities. For detailed information, please refer to chapter 3 "Re- porting on Photon Energy's project pipeline".
Photon Energy N.V. | Barbara Strozzilaan 201, Amsterdam 1083 HN, The Netherlands | ||
Corporate number: 51447126 | VAT number: NL850020827B01 | +31 202 402 570 | | photonenergy.com | 2/12 |
Photon Energy N.V. | Monthly Report for December 2021 |
2. Proprietary PV power plants
The table below represents power plants owned directly or indirectly by Photon Energy N.V. as of the date of the report.
Table 1. Production results in December 2021
Project name | Capacity | Feed-in- | Prod. 2021 | Proj. 2021 | Perf. | YTD Prod. | YTD Proj. | Perf. | YTD YoY | ||||||||||||
Tariff/LGC | December | December | |||||||||||||||||||
Unit | kWp | per MWh, | kWh | kWh | % | kWh | kWh | % | % | ||||||||||||
in 2021 | |||||||||||||||||||||
Komorovice | 2,354 | CZK 15,117 | 31,161 | 47,533 | -34.4% | 2,367,683 | 2,497,558 | -5.2% | -6.5% | ||||||||||||
Zvíkov I | 2,031 | CZK 15,117 | 37,400 | 50,537 | -26.0% | 2,224,776 | 2,300,217 | -3.3% | -6.1% | ||||||||||||
Dolní Dvořiště | 1,645 | CZK 15,117 | 32,419 | 43,429 | -25.4% | 1,660,058 | 1,683,565 | -1.4% | -2.7% | ||||||||||||
Svatoslav | 1,231 | CZK 15,117 | 20,208 | 23,720 | -14.8% | 1,147,700 | 1,203,924 | -4.7% | -4.4% | ||||||||||||
Slavkov | 1,159 | CZK 15,117 | 28,021 | 27,037 | 3.6% | 1,332,623 | 1,333,231 | 0.0% | -0.3% | ||||||||||||
Mostkovice SPV 1 | 210 | CZK 15,117 | 4,704 | 4,974 | -5.4% | 215,065 | 219,971 | -2.2% | -0.6% | ||||||||||||
Mostkovice SPV 3 | 926 | CZK 16,240 | 14,129 | 14,770 | -4.3% | 977,786 | 972,628 | 0.5% | 1.2% | ||||||||||||
Zdice I | 1,499 | CZK 15,117 | 34,756 | 41,009 | -15.2% | 1,624,141 | 1,686,900 | -3.7% | -5.8% | ||||||||||||
Zdice II | 1,499 | CZK 15,117 | 35,985 | 41,985 | -14.3% | 1,661,008 | 1,700,269 | -2.3% | -5.2% | ||||||||||||
Radvanice | 2,305 | CZK 15,117 | 49,696 | 45,355 | 9.6% | 2,473,035 | 2,501,919 | -1.2% | -0.3% | ||||||||||||
Břeclav rooftop | 137 | CZK 15,117 | 3,364 | 3,836 | -12.3% | 156,765 | 154,025 | 1.8% | -2.6% | ||||||||||||
Total Czech PP | 14,996 | 291,844 | 344,187 | -15.2% | 15,840,639 | 16,254,207 | -2.5% | -3.7% | |||||||||||||
Babiná II | 999 | EUR 425.12 | 23,112 | 19,003 | 21.6% | 989,584 | 970,581 | 2.0% | 3.0% | ||||||||||||
Babina III | 999 | EUR 425.12 | 23,268 | 20,218 | 15.1% | 1,003,712 | 984,711 | 1.9% | 3.0% | ||||||||||||
Prša I. | 999 | EUR 425.12 | 24,532 | 20,320 | 20.7% | 1,026,964 | 1,056,586 | -2.8% | 2.2% | ||||||||||||
Blatna | 700 | EUR 425.12 | 12,970 | 13,734 | -5.6% | 723,883 | 719,873 | 0.6% | 1.8% | ||||||||||||
Mokra Luka 1 | 963 | EUR 382.61 | 37,597 | 29,892 | 25.8% | 1,199,969 | 1,138,187 | 5.4% | 3.6% | ||||||||||||
Mokra Luka 2 | 963 | EUR 382.61 | 41,642 | 31,529 | 32.1% | 1,226,323 | 1,180,582 | 3.9% | 4.8% | ||||||||||||
Jovice 1 | 979 | EUR 382.61 | 20,591 | 15,776 | 30.5% | 868,106 | 893,378 | -2.8% | -0.5% | ||||||||||||
Jovice 2 | 979 | EUR 382.61 | 20,063 | 15,517 | 29.3% | 860,774 | 883,494 | -2.6% | -0.7% | ||||||||||||
Brestovec | 850 | EUR 382.61 | 14,399 | 19,655 | -26.7% | 979,734 | 1,021,651 | -4.1% | -5.3% | ||||||||||||
Polianka | 999 | EUR 382.61 | 11,865 | 17,877 | -33.6% | 971,584 | 979,968 | -0.9% | -0.7% | ||||||||||||
Myjava | 999 | EUR 382.61 | 19,299 | 23,094 | -16.4% | 1,125,440 | 1,120,362 | 0.5% | -1.7% | ||||||||||||
Total Slovak PP | 10,429 | 249,337 | 226,614 | 10.0% | 10,976,072 | 10,949,372 | 0.2% | 0.9% | |||||||||||||
Tiszakécske 1 | 689 | HUF 34,140 | 24,760 | 22,652 | 9.3% | 872,398 | 845,174 | 3.2% | 2.0% | ||||||||||||
Tiszakécske 2 | 689 | HUF 34,140 | 25,512 | 23,309 | 9.5% | 876,299 | 850,620 | 3.0% | 2.0% | ||||||||||||
Tiszakécske 3 | 689 | HUF 34,140 | 20,961 | 20,377 | 2.9% | 843,417 | 827,512 | 1.9% | 1.1% | ||||||||||||
Tiszakécske 4 | 689 | HUF 34,140 | 26,067 | 23,309 | 11.8% | 880,079 | 850,620 | 3.5% | 2.2% | ||||||||||||
Tiszakécske 5 | 689 | HUF 34,140 | 24,994 | 22,652 | 10.3% | 830,533 | 845,174 | -1.7% | -1.8% | ||||||||||||
Tiszakécske 6 | 689 | HUF 34,140 | 25,189 | 23,309 | 8.1% | 874,891 | 850,620 | 2.9% | 2.1% | ||||||||||||
Tiszakécske 7 | 689 | HUF 34,140 | 25,527 | 22,634 | 12.8% | 873,117 | 844,555 | 3.4% | 1.9% | ||||||||||||
Tiszakécske 8 | 689 | HUF 34,140 | 24,338 | 21,840 | 11.4% | 866,657 | 841,727 | 3.0% | 2.0% | ||||||||||||
Almásfüzitő 1 | 695 | HUF 34,140 | 19,042 | 23,054 | -17.4% | 837,893 | 840,464 | -0.3% | 0.6% | ||||||||||||
Almásfüzitő 2 | 695 | HUF 34,140 | 18,297 | 22,986 | -20.4% | 836,824 | 839,870 | -0.4% | 3.0% | ||||||||||||
Almásfüzitő 3 | 695 | HUF 34,140 | 21,114 | 22,634 | -6.7% | 839,496 | 835,806 | 0.4% | 4.5% | ||||||||||||
Almásfüzitő 4 | 695 | HUF 34,140 | 19,008 | 23,251 | -18.2% | 863,449 | 842,485 | 2.5% | 3.0% | ||||||||||||
Almásfüzitő 5 | 695 | HUF 34,140 | 21,153 | 22,713 | -6.9% | 857,729 | 836,892 | 2.5% | 0.9% | ||||||||||||
Almásfüzitő 6 | 660 | HUF 34,140 | 20,422 | 21,798 | -6.3% | 872,233 | 804,938 | 8.4% | 3.5% | ||||||||||||
Almásfüzitő 7 | 691 | HUF 34,140 | 19,684 | 22,548 | -12.7% | 868,699 | 831,973 | 4.4% | 3.3% | ||||||||||||
Almásfüzitő 8 | 668 | HUF 34,140 | 19,163 | 22,248 | -13.9% | 856,802 | 814,589 | 5.2% | 1.5% | ||||||||||||
Nagyecsed 1 | 689 | HUF 34,140 | 19,440 | 21,031 | -7.6% | 862,279 | 825,772 | 4.4% | 2.1% | ||||||||||||
Nagyecsed 2 | 689 | HUF 34,140 | 19,007 | 21,031 | -9.6% | 862,332 | 825,772 | 4.4% | 2.2% | ||||||||||||
Nagyecsed 3 | 689 | HUF 34,140 | 19,283 | 20,759 | -7.1% | 865,146 | 826,184 | 4.7% | 1.7% | ||||||||||||
Fertod I | 528 | HUF 34,140 | 15,945 | 16,018 | -0.5% | 680,660 | 612,168 | 11.2% | 0.1% | ||||||||||||
Fertod II No 2 | 699 | HUF 34,140 | 27,289 | 21,481 | 27.0% | 892,330 | 833,707 | 7.0% | 1.3% | ||||||||||||
Fertod II No 3 | 699 | HUF 34,140 | 27,147 | 21,481 | 26.4% | 906,184 | 833,707 | 8.7% | 2.8% | ||||||||||||
Fertod II No 4 | 699 | HUF 34,140 | 27,180 | 21,481 | 26.5% | 899,126 | 833,707 | 7.8% | 2.3% |
Photon Energy N.V. | Barbara Strozzilaan 201, Amsterdam 1083 HN, The Netherlands | ||
Corporate number: 51447126 | VAT number: NL850020827B01 | +31 202 402 570 | | photonenergy.com | 3/12 |
Photon Energy N.V. | Monthly Report for December 2021 | ||||||||||||||||||||
Project name | Capacity | Feed-in-Tariff/LGC | Prod. 2021 | Proj. 2021 | Perf. | YTD Prod. | YTD Proj. | Perf. | YTD YoY | ||||||||||||
December | December | ||||||||||||||||||||
Unit | kWp | per MWh, | kWh | kWh | % | kWh | kWh | % | % | ||||||||||||
in 2021 | |||||||||||||||||||||
Fertod II No 5 | 691 | HUF 34,140 | 26,941 | 23,406 | 15.1% | 900,175 | 838,402 | 7.4% | 2.8% | ||||||||||||
Fertod II No 6 | 699 | HUF 34,140 | 26,958 | 21,481 | 25.5% | 899,662 | 833,707 | 7.9% | 3.0% | ||||||||||||
Kunszentmárton I No 1 | 697 | HUF 34,140 | 24,462 | 23,814 | 2.7% | 908,571 | 885,501 | 2.6% | 2.6% | ||||||||||||
Kunszentmárton I No 2 | 697 | HUF 34,140 | 22,574 | 23,847 | -5.3% | 901,403 | 885,636 | 1.8% | 2.5% | ||||||||||||
Kunszentmárton II No 1 | 693 | HUF 34,140 | 23,436 | 19,543 | 19.9% | 923,943 | 855,866 | 8.0% | 77.1% | ||||||||||||
Kunszentmárton II No 2 | 693 | HUF 34,140 | 24,086 | 19,642 | 22.6% | 928,453 | 856,165 | 8.4% | 57.9% | ||||||||||||
Taszár 1 | 701 | HUF 34,140 | 29,588 | 26,271 | 12.6% | 888,976 | 885,316 | 0.4% | -0.6% | ||||||||||||
Taszár 2 | 701 | HUF 34,140 | 29,905 | 26,271 | 13.8% | 893,930 | 885,316 | 1.0% | -0.9% | ||||||||||||
Taszár 3 | 701 | HUF 34,140 | 29,675 | 26,271 | 13.0% | 899,906 | 885,316 | 1.6% | 0.2% | ||||||||||||
Monor 1 | 688 | HUF 34,140 | 24,511 | 20,073 | 22.1% | 896,298 | 852,356 | 5.2% | 5.9% | ||||||||||||
Monor 2 | 696 | HUF 34,140 | 22,851 | 20,172 | 13.3% | 883,430 | 862,899 | 2.4% | 3.8% | ||||||||||||
Monor 3 | 696 | HUF 34,140 | 23,893 | 20,172 | 18.4% | 887,940 | 862,899 | 2.9% | 4.6% | ||||||||||||
Monor 4 | 696 | HUF 34,140 | 23,657 | 20,172 | 17.3% | 892,689 | 862,899 | 3.5% | 4.3% | ||||||||||||
Monor 5 | 688 | HUF 34,140 | 24,311 | 19,941 | 21.9% | 893,927 | 846,445 | 5.6% | 4.3% | ||||||||||||
Monor 6 | 696 | HUF 34,140 | 24,506 | 20,172 | 21.5% | 892,477 | 862,899 | 3.4% | 3.8% | ||||||||||||
Monor 7 | 696 | HUF 34,140 | 24,295 | 20,172 | 20.4% | 893,418 | 862,899 | 3.5% | 2.8% | ||||||||||||
Monor 8 | 696 | HUF 34,140 | 24,470 | 20,172 | 21.3% | 892,939 | 862,899 | 3.5% | 4.5% | ||||||||||||
Tata 1 | 672 | HUF 34,140 | 19,546 | 18,817 | 3.9% | 917,050 | 923,288 | -0.7% | 9.5% | ||||||||||||
Tata 2 | 676 | HUF 34,140 | 20,680 | 22,523 | -8.2% | 828,482 | 835,261 | -0.8% | 12.7% | ||||||||||||
Tata 3 | 667 | HUF 34,140 | 20,681 | 20,972 | -1.4% | 829,648 | 815,853 | 1.7% | 9.8% | ||||||||||||
Tata 4 | 672 | HUF 34,140 | 20,460 | 19,395 | 5.5% | 934,102 | 945,462 | -1.2% | 10.5% | ||||||||||||
Tata 5 | 672 | HUF 34,140 | 20,129 | 19,486 | 3.3% | 886,926 | 948,671 | -6.5% | 4.6% | ||||||||||||
Tata 6 | 672 | HUF 34,140 | 19,757 | 19,078 | 3.6% | 926,307 | 933,569 | -0.8% | 8.3% | ||||||||||||
Tata 7 | 672 | HUF 34,140 | 19,678 | 18,833 | 4.5% | 920,655 | 923,890 | -0.4% | 8.6% | ||||||||||||
Tata 8 | 672 | HUF 34,140 | 20,353 | 19,184 | 6.1% | 939,733 | 937,796 | 0.2% | 11.6% | ||||||||||||
Malyi 1 | 695 | HUF 34,140 | 20,059 | 19,919 | 0.7% | 853,977 | 828,586 | 3.1% | 52.8% | ||||||||||||
Malyi 2 | 695 | HUF 34,140 | 20,785 | 20,041 | 3.7% | 859,084 | 829,718 | 3.5% | 54.8% | ||||||||||||
Malyi 3 | 695 | HUF 34,140 | 21,078 | 20,041 | 5.2% | 860,605 | 829,718 | 3.7% | 52.9% | ||||||||||||
Puspokladány 1 | 1,406 | HUF 34,140 | 38,465 | 34,527 | 11.4% | 1,962,033 | 1,944,330 | 0.9% | nm | ||||||||||||
Puspokladány 2 | 1,420 | HUF 34,140 | 39,416 | 31,248 | 26.1% | 2,029,466 | 1,892,045 | 7.3% | nm | ||||||||||||
Puspokladány 3 | 1,420 | HUF 34,140 | 37,891 | 30,097 | 25.9% | 1,997,180 | 1,848,792 | 8.0% | nm | ||||||||||||
Puspokladány 4 | 1,406 | HUF 34,140 | 38,099 | 34,305 | 11.1% | 1,997,879 | 1,930,447 | 3.5% | nm | ||||||||||||
Puspokladány 5 | 1,420 | HUF 34,140 | 39,509 | 31,159 | 26.8% | 2,045,805 | 1,887,556 | 8.4% | nm | ||||||||||||
Puspokladány 6 | 1,394 | HUF 34,140 | 36,622 | 32,033 | 14.3% | 1,972,498 | 1,911,209 | 3.2% | nm | ||||||||||||
Puspokladány 7 | 1,406 | HUF 34,140 | 37,990 | 34,275 | 10.8% | 1,995,957 | 1,930,451 | 3.4% | nm | ||||||||||||
Puspokladány 8 | 1,420 | HUF 34,140 | 37,776 | 30,245 | 24.9% | 2,004,661 | 1,854,378 | 8.1% | nm | ||||||||||||
Puspokladány 9 | 1,406 | HUF 34,140 | 38,025 | 34,246 | 11.0% | 1,934,218 | 1,929,491 | 0.2% | nm | ||||||||||||
Puspokladány 10 | 1,420 | HUF 34,140 | 37,693 | 30,052 | 25.4% | 1,997,844 | 1,847,324 | 8.1% | nm | ||||||||||||
Tolna | 1,358 | HUF 113,1071 | 22,860 | 33,117 | -31.0% | nm | |||||||||||||||
22,860 | 33,117 | -31.0% | |||||||||||||||||||
Total Hungarian PP | 50,456 | 1,568,195 | 1,449,786 | 8.2% | 64,713,678 | 62,442,410 | 3.6% | 52.3% | |||||||||||||
Symonston | 144 | AUD 301.60 | 20,574 | 22,527 | -8.7% | 169,877 | 178,176 | -4.7% | 0.4% | ||||||||||||
Leeton | 7,261 | AUD 37 + 432 | 1,699,170 | 1,577,075 | 7.7% | 5,823,120 | 6,292,894 | -7.5% | na | ||||||||||||
Fivebough | 7,261 | AUD 38 + 432* | 1,596,360 | 1,565,135 | 2.0% | 5,746,110 | 6,227,865 | -7.7% | na | ||||||||||||
Total Australian PP | 14,744 | 3,316,104 | 3,164,737 | 4.8% | 11,739,107 | 12,698,935 | -7.6% | nm | |||||||||||||
Total | 90,547 | 5,425,480 | 5,185,324 | 4.6% | 103,269,496 | 102,344,925 | 0.9% | 47.6% | |||||||||||||
Notes:
Capacity: installed capacity of the power plant
Prod.: production in the reporting month - Proj.: projection in the reporting month
Perf.: performance of the power plant in reporting month i.e. (production in Month / projection for Month) - 1.
YTD Prod.: accumulated production year-to-date i.e. from January until the end of the reporting month.
YTD Proj.: accumulated projection year-to-date i.e. from January until the end of the reporting month
Perf. YTD: performance of the power plant year-to-date i.e. (YTD prod. in 2021 / YTD proj. in 2021) - 1
YTD YOY: (YTD Prod. in 2021 / YTD Prod. in 2020) - 1.
- Average realized electricity price during the reporting period in Hungary.
-
Average electricity price during the reporting period + Australian Large- scale Generation Certificate spot closing price at the end of the reporting period.
.
Photon Energy N.V. | Barbara Strozzilaan 201, Amsterdam 1083 HN, The Netherlands | ||
Corporate number: 51447126 | VAT number: NL850020827B01 | +31 202 402 570 | | photonenergy.com | 4/12 |
Photon Energy N.V.
Chart 1.a Total production of the Czech portfolio
18,000 | |
MWh | 16,000 |
14,000 | |
in | 12,000 |
production | |
10,000 | |
8,000 | |
Cumulative | 6,000 |
4,000 | |
2,000 | |
0 |
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Q1 Q2 Q3 Q4
Monthly Report for December 2021
Chart 1.b Total production of the Slovak portfolio
MWh | 18,000 |
16,000 | |
in | 14,000 |
production | 8,000 |
12,000 | |
Cumulative | 10,000 |
6,000 | |
4,000
2,000
0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Q1 Q2 Q3 Q4
Chart 1.c Total production of Hungarian portfolio
MWh | 70,000 |
60,000 | |
in | 50,000 |
production | |
40,000 | |
Cumulative | 30,000 |
20,000 | |
10,000
0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Q1 Q2 Q3 Q4
Chart 1.d Total production of Australian portfolio
MWhin | 18,000 |
14,000 | |
production | 16,000 |
8,000 | |
12,000 | |
Cumulative | 10,000 |
2,000 | |
6,000 | |
4,000 | |
0 |
2014 2015 2016 2017 2018 2019 2020 2021
Q1 Q2 Q3 Q4
Chart 2. Generation results versus forecast between 1 January 2018 and 31 December 2021
14.0 |
12.0 |
10.0 |
8.0 |
MWh 6.0 |
4.0 |
2.0 |
0.0 |
Actual generation | Generation forecast | |
Chart 3. Specific Performance Ratio between 1 January 2018 and 31 December 2021
250% | 200 |
200% | 160 |
150% | 120 |
100% | 80 |
50% | 40 |
0% | 0 |
-50% | -40 |
-100% | -80 |
-150% | -120 |
-200% | -160 |
-250% | -200 |
SPR = Generation (kWh) / Installed capacity (kWp) | Change y-o-y (%) | |
Specific Performance Ratio is a measure of efficiency which shows the amount of kWh generated per 1 kWp of installed capacity and enables the simple comparison of year-on-year results and seasonal fluctuations during the year.
The Company reports 103.3 GWh of electricity produced YTD compared to 70.0 GWh one year ago (+47.6%), propelled by the
addition of new Hungarian power plants over the past over the past 15 months (15.5 MWp added in October 2020, November
Photon Energy N.V. | Barbara Strozzilaan 201, Amsterdam 1083 HN, The Netherlands | ||
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Photon Energy NV published this content on 13 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2022 16:40:05 UTC.