Photon Energy N.V. (WSE: PEN, the 'Group' or'Company') today announced its official entry into thePolish market and the appointment of Maciej Górski as its CountryHead.
After almost a year of detailed market analysis and intensiveon-the-ground preparations, Photon Energy is entering thefastest-growing and largest solar market in the CEE region with theintention of deploying its integrated business model – which coversthe entire life cycle of PV plants – while also exploring marketopportunities for its Photon Water business line.
The Company is proud to announce that Maciej Górski has beenappointed Country Head to support its ambitious long-term strategyin the Polish market. Maciej Górski has gained extensive energyindustry experience as board member of Enea S.A. during its IPO onthe Warsaw Stock Exchange and as CEO of PGE Energia Odnawialna, therenewable energy arm of the largest Polish energy utility PGE S.A.He has also held management positions with KGHM Polska Miedź S.A.and several private equity firms as well as gained extensivecorporate finance experience.
‘The last few years of dynamic growth in the Polishphotovoltaics market prove that there are various businessopportunities for both local and international players. I am veryhappy to support Photon Energy and its ambitious plans for thePolish market. The business model of capturing the value chain fromland acquisition and project development, construction andfinancing through to operations and maintenance services – whichare also provided to third parties – provides a clear competitiveadvantage. It is an exciting challenge to grow the company’soperations in Poland based on Photon Energy’s internationalexpertise and my local experience in investments and the energyindustry,’ said Maciej Górski.
‘We are very excited to finally supplement our 12-year presenceon the capital markets in Poland with a decisive strategic entryinto the most promising solar market in Europe. The Polish energymarket is in the early phase of a fundamental shift towardsrenewable energy sources and we are looking forward to becoming anactive contributor to this transformation at a time when the greenalternative has become competitive based on market electricityprices. The combination of PV systems being cost-competitive, asupportive regulatory framework and a deep capital market makePoland a great new core market for our company. We are lookingforward to the dynamic interplay between our commercial activitiesand our imminent status as the first solar energy company listed onthe main market of the Warsaw Stock Exchange,’ commented GeorgHotar, CEO of Photon Energy N.V.
Photon Energy will manage its activities on the Polish marketthrough its fully owned subsidiary Photon Energy Polska Sp. z o.o.headquartered in Warsaw, and is currently in the process oflaunching its operations & maintenance services in the city ofŁódź in central Poland.
MEDIA CONTACT
Martin Kysly
Photon Energy Group
T +420 774 810 670
E martin.kysly@photonenergy.com
