Photon Energy N.V. Reports Dynamic Growth of Project Pipeline in Q1 2021 - Expansion of project pipeline by nearly 160 MWp in Hungary, Poland and Romania - Positive total comprehensive income of EUR 1.791 million despite a decrease in revenues and EBITDA compared to last year's first quarter - Publication of Photon Energy Group's first sustainability report Amsterdam - 11 May 2021 - Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) ('Photon Energy Group' or the 'Company') today reported unaudited financial results for the first quarter of 2021, posting a positive total comprehensive income of EUR 1.791 million, despite a decline in revenues to EUR 4.571 million, down 14.0% YoY.