Sales, Net Profits Up At Photon Energy

Prague, Aug 7 (CTK) – Photon Energy, an international solar power solutions group with Czech roots, raised net profit to Kc44.2m (EUR1.73m) in the first half of this year from Kc2.2m (EUR82,000) seen in the same period last year, according to results that the company made public on its website today.


Consolidated sales increased by some one quarter to Kc266.9m (EUR10.5m).


The second quarter of this year was record as regards revenues, said CEO Georg Hotar, adding that a solar power plant project is prepared for construction in Leeton, Australia.


Planned projects with output of 25.6 megawatts are to reach the stage of being prepared for production at the end of 2018, Hotar said.


Photon Energy was set up in Prague in 2008 and is currently based in the Netherlands’ Amsterdam. The company has branches in the Czech Republic, Slovakia, Hungary, Switzerland and Australia.


Photon Energy has built photovoltaic power stations in Europe and Australia with output of more than 50 megawatts (MW).


Its Photon Energy Operations division provides operating, servicing and monitoring of solar parks with output of more than 220 MW, almost 100 MW out of which is in the Czech Republic.


In 2016, Photon Energy entered the Prague Stock Exchange (BCPP), with its shares being traded on the alternative Free Market, not BCPP’s main market.


According to Energy Regulatory Office (ERU) data, solar panels with total installed output at 2,069.5 MW were installed in the Czech Republic last year.