Thursday, November 24, 2011

Photon Energy to build largest rooftop PV installation in Poland

PRAGUE, CZECH REPUBLIC: Strongly believing in the key benefit of PV to bring the point of energy production immediately to the point of its consumption, Photon Energy takes part in building a 311 kWp rooftop PV installation in Ruda Slaska, Southern Poland. When completed in mid 2012, it will be by far the largest solar power installation on a roof in Poland, marking Photon Energy’s strong foothold in the market.

The installation will be placed on the roof of the Upper Silesian water utility company - Górnośląskie Przedsiębiorstwo Wodociągów S.A. (GPW), the largest water supplier in Poland, which will also act as an investor in the project. In partnership with Photon Energy, RenCraft Sp. z o.o, a company that has hitherto been specialising in energy generation from biomass, participated in and won the public tender to design and construct a photovoltaic installation on the roof of the GPW’s premises in Ruda Slaska.

The role of Photon Engineering s.r.o., a 100 percent-owned subsidiary of Photon Energy, is to provide engineering works, technology procurement and construction services.

Completion of the 311 kWp rooftop solar power plant will mark Photon Energy’s entrance into the Polish PV market, to which the company has been inclining, notwithstanding the country’s weak support for renewable energy sources (RES). Having been listed on the Warsaw Stock Exchange, NewConnect segment since 2008, Photon Energy is known in financial and investment circles. Now, partnership with RenCraft Sp. z o.o will establish Photon Energy as an experienced EPC provider and enable completion of a power plant that will take up a substantial share of the currently total installed PV capacity in Poland.

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