Photon Energy Operations, a subsidiary of Amsterdam-based solar power solutions provider Photon Energy NV, has been selected by Energy 21 to oversee the operations and maintenance (O&M) of 17 of their solar plants in the Czech Republic.
The deal sees Photon Energy Operations take on responsibility for 28.5 MWp of installed PV capacity in the Central European country, adding to the firms portfolio of more than 150 MW of O&M solar contracts globally.
Energy 21 said that Photons experience of handling and servicing central inverters was a key part of its decision-making process, particularly Photons expertise with Satcon inverters, which are installed across all 17 ground-mounted sites.
We now have almost 100 MWp under O&M in the Czech Republic and being an international company we are a reliable partner for international investors with portfolios in Central Europe who do not have a permanent presence here, said Photon Energy CEO Georg Hotar, who added that the country remains an interesting market in terms of post-installation O&M.
While investing in existing power plants offers attractive revenues through guaranteed FITs, investors need a reliable partner to navigate numerous restrictions, retroactive measures, changes of legislation and other hurdles that power plant owners must continuously face, Hotar added.