Photon Energy are planning to build three mid-sized solar power plants in the ACT, because they realise we’re already living in the future and thatit’s insane that we don’t have solar power plants everywhere.
Sometimes it feels like I’m the only person who payed attention to Sim City 2000.
Only days after launching its Australian unit Photon Energy Generation Australia (PEGA), Photon Energy announces its first three PV projects on the basis of Commercial Hire Purchase Agreements. All three PV plants are located in the ACT and are projected to annually supply 820 MWh of clean electricity to the grid based on a feed-in-tariff with self-consumption option. The projected investment volume is AUD 1.6 million and all three plants are planned to be completed and grid connected by the end of 2014 Q1. Sydney / Amsterdam, 12. 12. 2013 – Photon Energy Investments has signed its first three PV projects on a Commercial Hire Purchase Agreement-basis (CHP). This comes only a few days after it presented its new standardised financing options in Sydney on 9 December. The revolutionary financing models, which can unlock the Australian commercial solar market, have been compared to leasing models and make solar energy accessible to Australian power consumers. All three projects are ground-mounted and have been signed by subsidiary Photon Energy Generation Australia (PEGA). They are located at Mugga Lane and Jerrabomberra.
“Photon Energy Generation Australia is off to a flying start, putting our concept of bringing affordable, clean and safe energy to commercial users on the basis of standardised financing solutions into action”, explains Michael Gartner, Managing Director of Photon Energy Australia. “The response to PEGA’s launch exceeded our expectations and confirmed the substantial demand for high performance commercial solar solutions”, Gartner adds.
“Today’s jump-start of PEGA validates our business model and solidifies our market leadership in the ACT, coming on top of a 290 KWp PV plant in Sydney – the largest in the city – currently under construction by our company. Step by step Photon Energy Investments is becoming market leader in the fast-growing commercial solar market in Australia”, adds Georg Hotar, Chief Executive Officer of Photon Energy Investments NV. “We are very pleased about our progress in leveraging our international experience combined with standardised financing in the world’s sunniest continent”, Hotar concludes.