Photon Energy NV: Photon Energy Secures Long-term Financing for Additional 14.1 MWp in Hungary DGAP-Media / 25.01.2021 / 12:12 Photon Energy Secures Long-term Financing for Additional 14.1 MWp in Hungary - Financing for ten METÁR-licensed power plants with a combined capacity of 14.1 MWp in the municipality of Püspökladány has been completed with CIB Bank. - The long-term, non-recourse project financing agreement amounts to HUF 4.6 billion (EUR 12.9 million) for a period of 15 years. - This is the Company's second financing agreement with CIB Bank, which is also now Photon Energy Group's second international financing partner in Hungary.
Amsterdam - 25 January 2021 - Photon Energy N.V. (WSE: PEN, 'Photon Energy', the 'Company') today announced that it has closed a second long-term non-recourse project financing agreement with the Hungarian CIB Bank for ten proprietary photovoltaic (PV) power plants in Hungary.