Photon Energy increased its revenue to CZK 2.2bn and for 2023 targets revenues of over CZK 3.5bn

Published: 16.03.2023 Related countries:  New Zealand New Zealand, Australia Australia

The company also acquired land and rights to build a 9.8 MWp/10 MWh solar energy storage system in Australia.

According to preliminary results, Photon Energy increased its revenues by 159.1% y/y to CZK 2.2bn in 2022. EBITDA was CZK 570m. CEO Georg Hotar said that in 4Q 2022, the group completed the construction of 32MWp of solar projects in Romania. In Australia, the company acquired land and rights to build a 9.8 MWp/10 MWh solar energy storage system, representing the first solar energy storage system installation on such a large scale for Photon Energy. G. Hotar added that the target for 2023 is revenues of CZK 3.56bn and EBITDA of CZK 688m.

Source: Daily news | ČIA news
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