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Issuer: Photon Energy NV / Key word(s): Contract
Photon Energy Expands Footprint in Australasia, Signing a 20.8 MWp EPC and O&M Contract in New Zealand
2024-05-20 / 14:53 CET/CEST
The issuer is solely responsible for the content of this announcement.
Photon Energy Expands Footprint in Australasia, Signing a 20.8 MWp EPC and O&M Contract in New Zealand

. Located in Pukenui in the Far North District of the North Island of New Zealand, the project is owned by
Aquila Clean Energy APAC and Far North Solar Farm (FNSF).
. This project signifies Photon Energy Group's expansion into the New Zealand market, and will draw on
experience gained in Australia and throughout Europe.
. Upon completion, Photon Energy will be engaged to provide operations and maintenance (O&M) services.


Amsterdam/Sydney - 20 May 2024 - Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) ('Photon Energy Group', the 'Company'
or the 'Issuer') has announced that it has signed an EPC and O&M contract for a 20.8 MWp solar project in New Zealand
which is owned by Aquila Clean Energy APAC and Far North Solar Farm (FNSF).
"The project marks a significant milestone, as it is our first solar project in New Zealand and reperesents our
expansion in this region. We are delighted to work with Aquila Clean Energy APAC and FNSF to build their first solar
power plant in this market," said Georg Hotar, CEO of Photon Energy Group.
The project is located in Pukenui in the Far North District of New Zealand. It will be equipped with high-efficiency
solar PV modules mounted on a mix of fixed east-west and north facing ground mount.
With construction works currently underway, the facility will be comprised of solar modules with a total capacity of
20.8 MWp, connected to the Top Energy network.
The project represents Photon Energy's first utility-scale project in New Zealand and will be one of the first
utility-scale projects to be developed by Aquila Clean Energy and FSNF in the country. Photon Energy was also selected
to provide ongoing O&M services for the project.

About Photon Energy Group - photonenergy.com
Photon Energy Group is a group of companies providing renewable energy, clean water and environmental remediation
solutions worldwide. Photon Energy and Lerta provide comprehensive renewable energy solutions, including solar power
and energy flexibility. Since its foundation in 2008, Photon Energy has built and commissioned solar power plants with
a combined capacity of over 160 MWp and has power plants with a combined capacity of 131.1 MWp in its proprietary
portfolio.It is currently developing projects with a combined capacity of 1.2 GWp in Australia, Hungary, Poland and
Romania and providesoperations and maintenanceservices for over 700 MWp worldwide. Photon Energy's Virtual Power Plant
aggregates renewable energy generators and consumers with a total capacity of over 420 MW. Photon Energy and Lerta hold
electricity trading licenses in Poland, the Czech Republic, Slovakia, Hungary, Romania and Serbia. Lerta is the third
largest provider of DSR services to the Polish TSO,with a contracted capacity of 389 MWfor 2024. Through Photon Water,
the Group offers water treatment and management solutions, and its remediation technology removes PFAS and other
contaminants from water and soil. Photon Energy N.V., the holding company for Photon Energy Group, is listed on the
Warsaw, Prague and Frankfurt Stock Exchanges as well as Xetra, Germany's leading online trading platform.Photon Energy
Groupis headquartered in Amsterdam, with offices in Australia and across Europe.

Media Contact
Martin Kysly
Head of Marketing and Corporate Communications
Tel. +420 774 810 670
E-mail: martin.kysly@photonenergy.com

Investor Relations Contact
Joanna Rzesiewska
Investor Relations Manager
Tel. +420 777 486 464
E-mail: joanna.rzesiewska@photonenergy.com






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END) Dow Jones Newswires

May 20, 2024 08:53 ET (12:53 GMT)