Photon Energy Group Completes 20.8 MWp Solar Farm in New Zealand

Amsterdam/Sydney – 12 November 2025 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’ or the ‘Company’) has announced the successful energisation and commissioning of the 20.8 MWp Pukenui Solar Farm in New Zealand’s Far North. The project was co-developed by Aquila Clean Energy APAC and Far North Solar Farm (FNSF), with Photon Energy providing engineering, procurement and construction (EPC) services, alongside two years’ operations and maintenance (O&M) support.

“We are proud to see the Pukenui Solar Farm energised and contributing to New Zealand’s renewable energy future. This milestone highlights our ability to deliver high-quality solar projects with leading investors and developers on a global scale. In addition, we take pride in successfully completing the project without any major incidents or injuries, a testament to the professionalism and commitment of everyone involved,” said Georg Hotar, CEO of Photon Energy Group.

The Pukenui Solar Farm comprises 35,000 high-efficiency solar PV modules, connected to the Top Energy network. The project benefited from close collaboration with local Māori communities, businesses and partners throughout development and construction.

This marks Photon Energy’s first utility-scale project in New Zealand and one of the first delivered by Aquila Clean Energy and FNSF in the country. Photon Energy will also provide ongoing O&M services for the plant.

Earlier this year, Photon Energy signed an EPC+O&M contract for 38 MW solar power plant in Romania with Hyperion, a prominent Portuguese renewable energy developer.

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 135 MWp. It is currently developing projects with a combined capacity of 870 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.