Dutch solar project developer and asset owner Photon Energy Group said in its Q4 2024 financial results that it lost €1.5 million (US$1.57 million) on the sale of two operating solar PV power plants and a solar hybrid site in New South Wales, Australia.
Solar project developer and asset owner Photon Energy Group has posted a decreased EBITDA although recording an all-time revenue for the first quarter of a year in Q1 2023.
Solar project developer and asset owner Photon Energy Group saw its revenue reach a new high last year thanks to the sale of electricity from its growing portfolio of PV plants.
Photon Energy has reached more than 420MWp of PV projects under development, as the Netherlands-based renewables company weathered the impacts of COVID-19 on its financial performance last year.
The project is one of five utility-scale PV plants located in Australia's most populated state being developed by a Photon Energy-Canadian Solar joint venture targeting 1.14GW.
Hevel fires up 1MW of rooftop and ground-mounted PV at a state-managed oil refinery in southern Russia, while Photon interconnects 6.9GWh to Hungary grid and receives 13.6MW of PV solar modules from Jinko.
JinkoSolar Supplies 7.8MW for two PV plants in Hungary, 10MW solar farm connected in Afghanistan, Vietnamese firm completes 50MW project in Ninh Thuan, Photon Energy connects 2.1MW of projects in Hungary, First solar plant in Iran's Khorasan Razavi completed.
