Photon Energy power plants outperform predictions in Feb by 7.7%

March 11 (Reuters) - Photon Energy NV PENP.WA :

  • Said on Thursday that in February 2016 following favorable weather conditions the power plants in the company's proprietary portfolio outperformed generation estimates by 7.7 percent on average, down by 23.7 percent year on year
  • The best performance was recorded by power plants in the Czech Republic, which exceeded energy forecasts by average of 27.9 percent
  • The Slovak power plants performed 16.1 percent below expectations due to the snowy weather conditions in Slovakia
  • The Australian plant outperformed generation estimates by 7.8 percent
  • Specific performance in February decreased by 22 percent year on year, to 42 kWh/kWp

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