Market environment

Solar energy is the largest and, thanks to constant technical developments, the cheapest energy source available to mankind. In 2019, more than 1.8 million solar installations in Germany covered around 8% of gross electricity consumption (Bundesverband Solarwirtschaft e.V.). In the future, photovoltaics will make an important contribution to the future electricity supply and the energy transition in Germany. The Renewable Energy Sources Act (EEG), which was introduced in 2000, promotes the development of electricity generation technologies from renewable sources in order to avoid cost-intensive energy imports and at the same time promote climate protection. Since the state-subsidised feed-in tariffs have been reduced and the individual sizes for photovoltaic plants in Germany have been limited, projects are to be increasingly implemented in individual construction phases in order to be able to maintain and increase margin revenues in the overall view of all construction phases.

Issuer

Photon Energy Group supplies solar and water treatment solutions worldwide. The Group's solar energy solutions are delivered by Photon Energy: since its establishing in 2008, Photon Energy has installed and commissioned photovoltaic systems with a combined capacity of over 100 MWp and now has an in-house portfolio of 91.9 MWp. Projects with a combined capacity of over 746 MWp are currently being developed in Australia, Hungary, Poland and Romania, and operation and maintenance of over 310 MWp is ensured worldwide. Photon Energy N.V., the holding company of Photon Energy Group, is listed on the Warsaw, Prague and Frankfurt stock exchanges. The company is headquartered in Amsterdam, with additional offices in Australia and Europe.

Investment strategy

The new bonds are to be placed by way of a private placement with qualified institutional and supranational investors in the Federal Republic of Germany and certain other countries except the United States of America, Canada, Australia and Japan.

With a possible increase, the company could significantly increase its own portfolio of PV power plants in the short term by taking advantage of very lucrative opportunities. The regional focus is particularly on the "solar hot spots" Hungary, Romania and Poland.