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PHOENIX (PHO): Photon Energy announces strong performance of its Czech PV plant portfolio - raport 17

The management board of Photon Energy on 13 March 2011 announces that its 15.2 MWp photovoltaic power plant portfolio in the Czech Republic reached the projected production for the entire 2011Q1 with 17 days to go until the end of the period. The favourable weather conditions in February led to an extraordinary 77.2% portfolio outperformance and a 44.5% outperformance year-to-date.


Weather conditions in the first half of March continued to allow for outstanding electricity production across all our plants with the strongest performing plant - the 2.35 MWp plant in Komorovice - reaching 90% of its projected production target for March within only 13 days. Year-to-date the 1.159 MWp plant in Slavkov achieved the highest specific performance with 149 KWh/KWp of installed capacity.

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In case that reasonable weather conditions prevail until the end of the month the outperformance of our portfolio may fully compensate for the impact of the 26% revenue tax levied during 2011Q1 and lay the foundations for a good full-year performance.


Legal basis: § 3 ust.2 point no.2 of the Appendix 3 to Resolution No. 733/2009 of the Warsaw Stock Exchange Management Board dated 18 December 2009 "Current and Periodical Information in the Alternative Trading System"





Osoby reprezentujące spółkę:
Michal Gärtner - Chairman of the Board of Directors
Georg Hotar - Vice-chairman of the Board of Directors

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