pta20131008026
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Photon Energy N.V.: PE Operations takes over service of 9 MW of Satcon inverters

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Amsterdam (pta026/08.10.2013/11:30 UTC+2) Photon Energy Operations has signed preventive maintenance contracts for 9 MW of Satcon central inverters in Italy and France. With this step the company is fortifying its position as a leading force in the services of Satcon-built inverters, which it established by taking on key personnel from the former manufacturer. Photon Energy Operations wants to send a signal to worried investors, that their inverters can still be in safe hands.

Photon Energy Operations, a division of global lifecycle-oriented power solutions provider Photon Energy NV, has signed contracts for a wide range of maintenance services for 9 MW of Satcon inverters in Italy and France. Photon Energy Operations will provide regular preventive checks, service interventions, remote support and technical trainings for local staff allowing for minor issues to be fixed locally. The services will be carried out by a team of Satcon-trained experts, who between them have commissioned over 130 MW of Satcon inverters all over Europe. Thanks to its team of former key Satcon technical and managerial personnel Photon Energy has both the know-how and access to spare parts needed to fully service these critical components.

"Central inverters are expensive and the first option is to find a reliable service provider for them, not replace them", explains Georg Hotar, CEO of Photon Energy. "Given the uncertainty surrounding the service of Satcon inverters and warranties, we are pleased to offer a long-term solution which keeps inverters humming, power plants producing cash flows and gives investors peace of mind", Hotar continues.

"If central inverters are not given regular check-ups and preventive maintenance, small failures can cause a domino effect that can literally blow up the inverters", explains Pavel Laurinec, Technical Manager Central Inverters at Photon Energy Operations. "Even a tiny issue such as a dirty filter, which is not cleaned or exchanged can trigger further problems such as hot spots and eventually lead to small explosions that knock out the inverter completely for several days", Laurinec elaborates. Central inverter failure does not only mean expensive repairs, but lengthy downtime and significant revenue losses.

"A central inverter is the heart of a power plant. What we provide is a cardio-workout for the inverters to strengthen their fitness and stamina and ensure that a power plant does not suffer a heart attack any time soon", says Laurinec. "Satcon inverters require specially trained engineers with in-depth knowledge of spare parts. For example there are eight different types of a single component used in Satcon inverters in Europe and you need to know which component to order and install", Laurinec adds.

In late 2012 Photon Energy Operations gathered momentum by taking on former key Satcon employees when the manufacturer's Central European offices were shut down in 2012. The team now includes managerial and technical experts responsible for installing central inverters at projects of 30 MWp and more. "In the past months our experts have been called to one-off service interventions all over Europe, showing that power plant owners are uncertain about who can service their Satcon inverters once the manufacturer has closed shop", says Photon Energy CEO Georg Hotar.

PRESS CONTACT
Jan Krcmar
T +420 773 032 182
E jan.krcmar@photonenergy.com

ABOUT PHOTON ENERGY OPERATIONS
Photon Energy Operations provides fully integrated monitoring and O&M services for PV power plants in Germany, Italy,
Belgium, Central Europe and Australia as well as a growing number of other countries. The company currently has over 60 MWp under management and its power plants operate almost entirely with an uptime above 99%, thanks to its advanced monitoring and management system. Photon Energy Operations also offers revenue enhancement services, uptime & performance guarantees and comprehensive insurance solutions. The company is part of Photon Energy Group, a global solar power solutions and services company based in the Netherlands. For more information please visit www.photonenergy.com.

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Emitter: Photon Energy N.V.
Barbara Strozzilaan 00201
1083HN Amsterdam
Netherlands
Contact Person: Jan Krcmar
Phone: +420 277 002 910
E-Mail: info@photonenergy.com
Website: www.photonenergyinvestments.com
ISIN(s): NL0010391108 (Share)
Stock Exchange(s): -
Other Stock Exchanges: Warsaw
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