Dec 2(Reuters) - Photon Energy NV PENP.WA :
* Said on Thursday that two of its Australian photovoltaic projects under development with a planned combined installed capacity of 34 MWp are expected to be fully permitted and ready-to-build by mid-2017
* The total investment is projected at AUD 48.3 million ($35.80 million) and Photon Energy expects a project return above 8 pct over the plants' operating lives
* Photon Energy to finance the construction of the Leeton and Environa plants with a bond issue
* Will issue 7-year bonds worth CZK 1.05 billion ($41.44 million) in the Czech Republic, bonds to bear 6 pct annual interest rate
Source text for Eikon: company coverage: PENP.WA
($1 = 1.3492 Australian dollars) ($1 = 25.3400 Czech crowns) (Gdynia Newsroom)