PHOENIX (PHO): Photon Energy announces the grid connection of the 2.305 MWp PV plant for its proprietary portfolio in Radvanice - raport 90

The Management Board of Photon Energy announces that the 2.305 MWp photovoltaic plant in Radvanice (Olomouc region), which was built by its fully-owned subsidiary Photon Engineering s.r.o. in the capacity of general contractor for its client Photon SPV11 s. r. o., was accepted for connection to the electricity grid of ČEZ Distribuce a.s. on 14 December 2010. On the same day Photon SPV 11 s.r.o. also obtained the power generation licence for the plant, which was the last outstanding licence for a major plant in Photon Energy's proprietary portfolio. The combination of both documents ensures the plant's grid connection at the feed-in-tariff for the year 2010.

The plant forms part of Photon Energy's proprietary portfolio and increases the size of its portfolio to an installed capacity of 5.131 MWp. For more information on the project please also refer to EBI report 36/2010.

Legal basis: Article 3, Section 1, of Exhibit 3 of the Alternative Trading System Rules, as adopted by Resolution Nr. 147/2007, dated 1 March 2007, and amended by Resolution No. 733/2009, dated 18 December 2009, of the Warsaw Stock Exchange Management Board

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