Dutch solar energy solutions provider Photon Energy N.V. has debuted on the NewConnect market of the Warsaw Stock Exchange.
The company has grown from being a Czech solar power plant operator to a global photovoltaic solutions provider headquartered in Amsterdam within five years and becomes the first Dutch company to be listed on NewConnect.
“While navigating uncertainty and volatility we remained focused on returning to the capital market as soon as possible, however, only after bringing on board the minority shareholders in the Czech predecessor. As promised, we enabled our original investors to swap their shares on a 1:1 basis in order to fully participate in our future growth. We have demonstrated that our shareholders are truly important to us and we are genuinely excited to fully benefit from our NewConnect listing now and the broad opportunities of the Warsaw Stock Exchange in the medium and long term”, said CEO Georg Hotar.
Photon Energy Group now spans three continents with a track record of 50MWp of installed capacity, of which the company holds 25MWp in its own portfolio. Photon Energy Operations, the group’s Operations & Maintenance (O&M) division, now services over 60MWp of power plants in six countries now looking to focus on the downstream market.
“We intend to grow our operations & maintenance business both in established photovoltaic markets with large installed generation capacity while leveraging our experience and capabilities in O&M to develop standardised financing solutions and energy management services”, explained Hotar.
“For the development and construction of new power plants we focus outside the traditional PV markets in the EU. Besides the promising Australian market, where we have been present since 2011, we are preparing our entry into the equally attractive Turkish market,” said Hotar.
“We are equally working on investment opportunities in Ontario while preparing a project development strategy for Japan. This geographic spread provides us with much-needed diversification between developed and emerging markets on the one hand and between feed-in-tariff-based and grid-parity markets on the other,” added Hotar.