Neoen attains one gigawatt of renewable energy in operation or under
construction in France
Neoen (code ISIN: FR0011675362, ticker: NEOEN), one of the world's most dynamic
independent producers of exclusively renewable energy, announces that it has
attained one gigawatt of renewable energy in operation or under construction in
France, confirming its position as the number one French independent producer
of renewable energy. Neoen's presence in France includes 55 power plants in
operation, 22 under construction and a workforce of over 140. Overall, Neoen
has invested more than a billion euros in its domestic market.
In terms of capacity for Neoen, France is second only to Australia, which have
recently reached the two- gigawatt mark. Neoen's French assets comprise storage
units as well as solar and wind power plants, including France's largest solar
farm (300 MWc), in Cestas, near Bordeaux.
True to its develop-to-own business model, Neoen designs, develops and runs
projects throughout France from its regional offices in Aix-en-Provence,
Bordeaux, Nantes and its headquarters in Paris. A fifth office is soon to open
Neoen works closely with the agricultural sector on new paradigms in agrisolar
development policy, testing and building agrisolar projects. The latter
represent an increasing share of the company's portfolio. Neoen also
contributes to the rehabilitation of degraded land such as former quarries and
mines, air strips and landfill sites.
Guillaume Decaen, director of business development for France, said: "The
one-gigawatt milestone confirms Neoen's leadership status. Our approach -
working hand in hand with local communities - is one of the keys to our success
and underpins our credibility. Thanks to our firm local grounding and 13 years
of expertise, we plan to further grow our assets and continue contributing to
the energy transition in our country."
Xavier Barbaro, Chairman and Chief Executive Officer of Neoen, added: "I
congratulate everyone at Neoen for the work involved in reaching one gigawatt
of renewable energy in operation or under construction in France. Neoen was
founded in France in 2008 and our home country is more than ever one of the
cornerstones of our future growth. Indeed, France will account for a
significant share of the 10 GW capacity we are aiming to attain by 2025."
Neoen is one of the world's leading and fastest growing independent producers
of exclusively renewable energy. With a capacity of more than 4.1 GW in
operation or under construction, Neoen is a high-growth company. Neoen is
notably active in France, Argentina, Australia, El Salvador, Finland, Ireland,
Jamaica, Mexico, Mozambique, Portugal, and Zambia. In particular, Neoen
operates France's most powerful solar farm (300 MWp) in Cestas, and the world's
largest lithium-ion power reserve (150 MW/193.5 MWh storage capacity) in
Hornsdale, Australia. Neoen is targeting more than 10 GW capacity in operation
or under construction by end of 2025. Neoen (ISIN: FR0011675362, Ticker: NEOEN)
is listed in Compartment A of Euronext's regulated market in Paris.