Photon Energy Partners with Hyperion Renewables and Signs 34 MW EPC/O&M Contract in Romania
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Issuer: Photon Energy NV
/ Key word(s): Contract
Photon Energy Partners with Hyperion Renewables and Signs 34 MW EPC/O&M Contract in Romania
Amsterdam/Bucharest – 16 May 2025 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (the "Group" or the "Company") and Hyperion Renewables ("Hyperion") have announced that they have signed an EPC contract for a 34 MW PV solar project in Săliște, Romania. The project was developed by Hyperion, a leading Portuguese renewable energy developer that entered the Romanian market in 2021 and currently has a greenfield solar project pipeline of over 500 MW. Under the terms of the contract, Photon Energy will be responsible for design, technology procurement, and the construction of the facility. Both companies are collaborating to add an additional 4 MW of installed capacity, which will increase the total size of the project to 38 MW. "We are proud to partner with Hyperion Renewables on this significant 34 MW solar project in Săliște, Romania. This project exemplifies our ability to deliver turnkey, large-scale solar solutions that support the transition to clean energy. Our expertise in EPC and O&M, combined with Hyperion’s strategic investment, ensures a strong foundation for the successful construction and operation of this facility. We are committed to creating value for our partners, supporting regional economic growth, and advancing Romania’s renewable energy targets," said Georg Hotar, CEO of Photon Energy Group. Construction is scheduled to commence in Q3 2025, with commercial operation expected by Q3 2026. In addition to EPC services, Photon Energy will provide operations and maintenance (O&M) services for the first three years, ensuring optimal performance and the longevity of the power plant. This strategic project underscores Photon Energy’s expertise in delivering solutions for international investors in its core markets, and marks a key milestone for Hyperion as the first project to begin construction from its Romanian pipeline. “Romania is a strategic market for Hyperion, and the Săliște Project represents a significant milestone as the first project in our Romanian portfolio to commence construction, demonstrating our ability to turn pipeline into progress. We are excited to see it moving into implementation and to continue advancing the rest of our development pipeline to contribute to Romania’s energy transition,” commented Aytea Amandi, CEO of Hyperion Renewables. The project is expected to create approximately 35 to 50 local jobs throughout its lifecycle, contributing to regional economic development. This partnership exemplifies a shared commitment to advancing the energy transition and building a more sustainable, decarbonized future. Driven by a long-term vision, Photon Energy and Hyperion Renewables are collaborating to play a constructive role in the shift toward cleaner energy systems. The Săliște solar project highlights how coordinated efforts in technology and investment can support national and EU climate targets, while enhancing energy security and fostering local economic development through job creation.
About Photon Energy Group – photonenergy.com Photon Energy Group delivers solar energy and clean water solutions around the world. Its solar power services are provided by Photon Energy; since its foundation in 2008, Photon Energy has built and commissioned solar power plants with a combined capacity of over 180 MWp and owns power plants with a combined capacity of 130 MWp. It is currently developing projects with a combined capacity of 1 GWp in Australia, Hungary, Poland, Romania and South Africa and provides operations and maintenance services for over 1.1 GWp worldwide. The New Energy business has electricity trading licenses in Poland, Hungary, the Czech Republic, Slovakia, and Serbia. The Company is one of the largest providers of DSR services to the Polish TSO with a contracted capacity of approx. 320 MW for 2025, and through its Virtual Power Plant (VPP) aggregates energy generators and consumers with a total capacity of over 480 MW. The Group’s other major business line, Photon Water, provides clean water solutions including treatment and remediation services, as well as the development and management of wells and other water resources. Photon Remediation delivers comprehensive environmental remediation solutions, including patented in-situ technology that has been proven to effectively remove PFAS from groundwater and soil. Photon Energy N.V., the holding company for Photon Energy Group, is listed on the Warsaw, Prague and Frankfurt Stock Exchanges, as well as XETRA, Germany’s leading online trading platform. Photon Energy Group is headquartered in Amsterdam, with offices in Australia and across Europe.
Hyperion Renewables is an Iberia-based renewable energy company with two decades of experience in developing, financing, and operating large-scale clean energy projects. With over 1 GW of solar PV projects developed—and more than 400 MW already connected to the grid—Hyperion is a key player in driving the energy transition. Since 2023, the company is accelerating its transformation into a fully integrated Independent Power Producer (IPP) and advance a 5 GW pipeline spanning solar, wind, energy storage, and green hydrogen, focused on Iberia and Romania. The company is led by CEO Aytea Alvarez Amandi and Executive Chairman Pedro Rezende, supported by a skilled and committed team of 50 professionals. Media Contacts Martin Kysly Francisco Ribeiro Duarte
Joanna Rzesiewska
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