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Neoen

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Neoen remains the first independent producer of renewable energy in France beginning of 2024, strengthening its position by winning another 119 MWp in solar projects in the latest government call for tenders, making it the top winner in the ground-mounted solar plant category, with a total of 479 MWp
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Founded in 2008, Neoen opened its first power plant in France in 2009 and reached its breakeven point in 2011. In 2014, the company began its international development with the opening of three solar plants in Portugal: Seixal, Coruche and Cabrela. Cestas, the most powerful solar plant in Europe with
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In late 2022, Neoen began construction on Storen Power Reserve (40 MW/40MWh), its first battery and second asset in the Nordics, as well as on Blyth Battery (200 MW/400MWh) and Western Downs Battery (200 MW/400MWh) in Australia. In conjunction with Goyder South Stage 1 wind farm, Blyth Battery will
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In 2021, Neoen built the Albireo Power Reserve, comprising two 11 MW/8 MWh batteries for the Capella (140 MWp) and Providencia (101 MWp) solar plants. Commissioned in 2022, the assets take Neoen's total capacity in El Salvador to 14 MW, with storage of 10 MWh, making it Central America's number one
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In the second quarter of 2024, Neoen pursued investments in long-duration battery storage with phase 2 of Collie Battery  (341 MW / 1,363 MWh), having been awarded a second contract with AEMO. Confirming its rapid expansion in Canada, Neoen won a 380 MW, 4-hour capacity contract to stabilise
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In April 2022, Neoen launched a new virtual battery service, with AGL Energy as its first customer. The virtual battery service will allow major energy consumers and distributors to replicate the functionality of a high-capacity battery without the need to own or build one. Shortly afterwards, in
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In 2017, Neoen installed the world's first big battery (initially 100 MW / 129MWh, increased to 150 MW/ 193.5 MWh in 2020) built by the American company Tesla, at the Hornsdale Power Reserve in the Mid North region of South Australia to provide grid-support services. In another collaboration with
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In early 2024, Neoen reached 1 GW of renewable energy capacity in the Nordics. In France, it is a consistent top winner in CRE calls for tenders in the ground-mounted power plants category, with awards amounting to 479 MWp over two years. In June 2024, Neoen topped 4 GW in operation or under
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The company went public on 16 October 2018, entering Euronext compartment A, with the support of its historical shareholders. It became the youngest French company in its field to surpass a capitalization of one billion euros. The same year, its total capacity in operation or under construction
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In 2020, Neoen began operating a storage unit in Finland, the largest such battery facility in the Nordic countries. The 30 MW/30 MWh Yllikkälä Power Reserve One is the first large-capacity battery to be connected to the Finnish grid. Since 2022, it has been supplying rapid reserve for the
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On 14 May 2022, Neoen inaugurated the Madon-Moselle wind farm in France (39.6 MW). The company also opened two wind farms in the Nordics in 2022: Björkliden (40.4 MW) with partner Prokon in Finland and Storbrännkullen (57.4 MW), Neoen's first wind farm in Sweden. Neoen also commissioned
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In March 2023, Neoen undertook a second capital increase, of €750 million, with the intention of increasing installed capacity by 50% and stepping up investment in storage. The company's expansion continued over the first half of 2023, with the start of construction of several wind farms and
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In late 2022, Neoen began construction on Storen Power Reserve (40 MW / 40 MWh at the time, now 52 MW / 52 MWh), its first battery and second asset in Sweden, as well as in Australia, with Blyth Battery (200 MW / 400 MWh) and Western Downs Battery, where capacity is now 270 MW / 540 MWh. In
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batteries, most notably in the Nordic countries and Australia. These projects bring Neoen's capacity in operation or under construction in Finland to more than 700 MW. In June, Neoen launched the construction of its first long-duration battery in Australia (Collie Battery, 197 MW/4 hours).
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Neoen is operator of Providencia Solar, (101 MWp) in El Salvador, the biggest solar power plant in Central America at the time of commissioning in 2016. In 2017, the 140 MWp Capella Solar project reinforced the company's presence in El Salvador. Neoen is now also developing projects in
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300 MWp, was opened in south-west France in 2015. In 2016 Neoen commissioned the largest solar park in Central America (101 MWp). The company's total capacity in operation or under construction exceeded 1 GW. The following year (2017), Neoen commissioned the worlds’ first big battery,
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Neoen has continued to develop its solar activities around the world. In France in 2023, winning 238.5 MWp of solar projects in calls for tender issued by the French government's Energy Regulation Commission (CRE), bringing its secured solar capacity in the country to almost 1,500 MW.
567:(194 MW of wind power and 20 MW of battery storage), also located in Australia was commissioned in December 2021. Finally, construction of the Goyder wind farm (412 MW) in South Australia began: on completion, it will be the largest wind asset in Neoen's portfolio. 584:
To overcome the intermittency of renewable power sources, Neoen also develops and operates lithium-ion battery projects to store electricity. Costs have fallen by a factor of seven in the last nine years, allowing Neoen to develop storage on a large scale.
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Neoen's wind power operations are focused on five countries where wind resources are abundant: Australia, France, Finland, Ireland, and Sweden. The 55 plants in operation or under construction have a combined capacity of 2.4 GW (as at 31 March 2024).
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As at March 2024, Neoen is present in 15 countries across three geographic regions: Australia (47% of capacity in operation or under construction); Europe/Africa 41%; and the Americas (12%). Its capacity in operation or under construction is 8 GW.
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Expansion in the Nordics continued throughout the winter of 2023/24, with the building of Yllikkälä Power Reserve Two (56.4 MW / 112.9 MWh) in Finland, the largest in the Nordics, and Isbillen Power Reserve (94 MW / 94 MWh), the largest in Sweden.
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group. In Italy, the construction of the first three solar plants started in late 2023. Neoen, the renewable energy leader in Australia, has also launched construction of Culcairn solar farm, which, at 440 MWp is the company's largest solar asset.
1783: 250:(300 MW / 450 MWh), one of the largest batteries in the world; and of Providencia Solar (101 MWp), the largest solar plant in Central America at the time of its commissioning in 2017 and of one of the largest solar farms in Australia: 574:
Construction of new wind farms have started in 2023, notably in the Nordic countries (Storbotet with a capacity of 105.4 MW and Lumivaara, 55.8 MW), of which respectively 60% and 80% of the energy produced will be sold to Equinix
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In 2022, Neoen launched the construction of the Fox Coulée solar power plant (93 MWp), the company's first farm in Canada, and the Rio Maior solar power plant (272 MWp), the largest in Portugal. Neoen has also made
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The beginning of construction work on Blyth Battery in South Australia in late 2022 took Neoen over the 1 GW mark in storage capacity. The company then totalled nearly 6.6 GW in operation or under construction.
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solutions. As at 31 December 2023, the company's total capacity was 8 GW, made up of 50% solar, 30% wind and 20% battery storage. Neoen aims to attain 10 GW in operation or under construction by 2025.
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The company announced its intentions in Sweden, where it began construction of the country's largest solar plant, Hultsfred (100 MWp) in October 2023, under contract to sell 95% of its production to
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At the end of March 2024, Neoen is a leading player in the storage sector, with some twenty batteries in operation or under construction around the world, with a total capacity of 1.6 GW / 3.1 GWh.
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Its turnover for 2023 was €524.4 million, made up of 41% solar power (€213.7 million, an increase of 10% year on year), 48% wind power (€251.2 million, 16% increase) and 11% storage (€58 million).
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With the start-up of Collie Battery (197 MW/4 hours), its first long-duration battery, in June 2023, Neoen now exceeds 1.1 GW of storage capacity in operation or under construction in Australia.
318:(300 MW / 450 MWh) was commissioned. It is the largest battery in Australia and one of the biggest in the world. Also in December, the company also began construction of its largest wind farm, 615:
June 2023 is a turning point: having been awarded a contract for 197 MW / 4 hours, Neoen launched construction on Collie Battery (Western Australia ), its first long-duration battery.
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in Finland and the financing of a 375-MWp solar park in Mexico providing energy at US$ 18.93 per MWh. That year, the company reached the milestone of 1 GW of assets in Australia alone.
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In 2021, Neoen commissioned its Altiplano solar plant (208 MWp) in Argentina. Situated at an altitude of 4,000 metres above sea level, the site has some of the highest levels of
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In April 2021 Neoen increased its capital by €600 million. The company had 4.1 GW in operation or under construction in 15 countries and set itself the target of 10 GW by 2025.
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As at end of March 2024, Neoen is edging towards one hundred solar power plants in operation or under construction around the world, for a total capacity of nearly 4 GWp.
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implementation of EPR Olkiluoto 3 (Europe's most powerful nuclear reactor), operated by Teollisuuden Voima Oyj (TVO), the Finnish nuclear power operator.
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July 2022, Hornsdale Power Reserve became  the first large battery in the world to deliver inertia services at scale to the Australian grid.
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Tesla, Neoen also commissioned the Victorian Big Battery located near Melbourne (300 MW/ 450 MWh), one of the most powerful in the world.
2504: 2479: 816: 1402:"NEOEN SA (EPA:NEOEN) | Neoen reports first-quarter revenue in line with its expectations and confirms its 2024 adjusted EBITDA target" 1564: 1309: 948: 314:
In July 2021 Neoen reached the milestone of 1 GW of renewable energy under operation or construction in France. In December 2021, the
1845:"Neoen SA - Neoen's battery delivers fast reserve power to TVO during commissioning of the Olkiluoto 3 nuclear power unit in Finland" 1720: 1634: 791: 563:
In 2021, Neoen began construction on the Kaban Green Power Hub (157 MW) and Goyder South Stage wind farm (412 MW) in Australia. The
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Ontario's electricity grid. Grey Owl Storage, the battery assigned to the project, will have total capacity of 400 MW / 1,600 MWh.
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energy a major focus of its development in France, with almost half of its projects integrating an agricultural component.
1514: 1290:"Neoen atteint 1 GW de capacité d'énergie renouvelable dans les pays nordiques et signe deux nouveaux PPA | Plein Soleil" 1119: 1958: 1384:"Brookfield makes agreed $ 10 billion bid for Neoen – Australia's biggest renewables developer – after Origin snub" 2141: 642:) via his company Impala. Xavier Barbaro is Neoen's chairman and founder. Neoen is listed in Compartment A of the 2469: 2283: 1658: 612:
conjunction with Goyder South Stage 1 wind farm, Blyth Battery will provide BHP with a baseload energy supply.
1145:"H&M group signs a power purchase agreement with Neoen and Alight for a new solar park in Sweden (90 MWp)" 1071: 903: 548:
On 3 July 2020, Neoen announced the commissioning of its Hedet wind farm in Finland. The 81-MW farm supplies
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enters into exclusive negotiations with Impala and other shareholders to acquire a majority stake in Neoen.
928: 475:. In Mexico the company developed and operates the 800-hectare El Llano farm in central Mexico (375 MWp). 2293: 1195: 1832: 1744: 468: 345:
in South Australia. At the same time, the company began building the Fox CoulĂ©e solar plant  in
1539: 2156: 1335:"Neoen SA - Neoen reaches 1 GW of renewable energy capacity in the Nordics and signs two more PPAs" 514: 330: 271:, Australia (100 MW/129 MWh) and announced its intention to triple its business by 2020. 55: 840: 564: 268: 264: 2499: 1609:"Neoen Begins Construction on 440 MWp Culcairn Solar Project in NSW with Bouygues Construction" 1473:"Neoen's Bulgana Green Power Hub begins full-scale commercial operation in Victoria, Australia" 365: 319: 289:
In 2020, building work began on the Yllikkälä Power Reserve in Finland (30 MW/30 MWh) and the
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and continued its international expansion, with an agreement to provide wind power for
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totalling c.1 GW on assets in Australia, Finland, France and Sweden, including a
2248: 1911:"Hornsdale Power Reserve: The First Big Battery to Deliver Inertia Services at Scale" 885: 444: 239: 2373: 2053:"Neoen wins WA's Collie big battery tender, moves into long-duration storage market" 1426: 1265:"Neoen wins WA's Collie big battery tender, moves into long-duration storage market" 525:  farm will power the equivalent of the Paris-Marseille high-speed train link. 2418: 2338: 2253: 2213: 2171: 1047:"Neoen gives go ahead for first stage of Goyder Renewables Zone in South Australia" 877: 486: 452: 342: 215: 376:
Neoen operates in the solar power, onshore wind farm and battery storage markets.
2383: 323: 865: 297:(460 MWp), Neoen's largest solar park and the largest of its kind in Australia. 2443: 2233: 1885:"AGL signs battery deal with Neoen to maintain electricity supply in Australia" 881: 643: 635: 472: 231: 180: 1784:"Cost of utility-scale Li batteries have fallen 76% since 2012, Bloomberg NEF" 1450: 2458: 2398: 2228: 2223: 1241:"Wind, solar cost inflation forces France's Neoen to add €750M to capex plan" 889: 45: 2408: 2258: 1515:"Construction begins on Portugal's largest solar power plant | photon.info" 1219: 723: 522: 494: 2028:"French green energy giant doubles down on Australia with mega WA battery" 1980:"Neoen starts construction of 200MW/400MWh Blyth Battery storage project" 1760:"Construction commences on Lumivaara Wind Farm 55.8MW project in Finland" 841:"Providencia Solar | Proparco - Groupe Agence Française de DĂ©veloppement" 553: 425: 69: 749:"Neoen - Fiche entreprise : chiffres d'affaires, bilan et rĂ©sultat" 2433: 2388: 2368: 2188: 2173: 2097:"Neoen makes call on Collie battery after winning second AEMO contract" 1310:"NEOEN SA (EPA:NEOEN) | Neoen wins 119 MWp in solar projects in France" 972: 147: 59: 2218: 1170:"BHP signs baseload PPA contract with Neoen for 24/7 renewable energy" 667:
Louis de Sambucy, International Development Director, since July 2024
222:, France. Founded in 2008, it develops, finances, builds and operates 2428: 2423: 2348: 2343: 2121: 1700: 705: 464: 397: 393: 334: 227: 2323: 2303: 2278: 2273: 1833:
https://neoen.com/app/uploads/2024/05/CP_Neoen_-revenue-Q1-2024.pdf
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Christophe de Branche, Energy management director since March 2024
456: 429: 243: 51: 1021:"Neoen Starts Operating 300 MW Victorian Big Battery in Australia" 2413: 2393: 2268: 2243: 448: 417: 409: 346: 279: 1360:"Neoen on LinkedIn: #renewables #solarpower #storage #windpower" 904:"Neoen to build 30MW battery energy storage facility in Finland" 866:"4 New ways to store renewable energy with water [News]" 2438: 2403: 2363: 2358: 2328: 2308: 2263: 2208: 2203: 1565:"Neoen, Alight start construction of 100-MW Swedish solar farm" 557: 549: 505: 437: 433: 421: 405: 401: 283: 1721:"Neoen, Prokon move 40-MW Finnish wind farm into construction" 1096:"Neoen and Prokon sign PPA with Equinix in Finland | windfair" 634:
The company is an S.A. Corporation, whose main shareholder is
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in Australia, with 99 wind turbines and a capacity of 316 MW.
2378: 2318: 2313: 2298: 2198: 413: 219: 159: 88: 26: 792:"Neoen powers up 1st turbine at 404-MW wind farm in Finland" 2288: 518: 301: 1635:"Neoen signs a power purchase agreement with SNCF Energie" 949:"Neoen kicks off EUR-600m rights issue to back 10-GW goal" 196: 338: 1591:"Neoen turns sod on 24.7-MW solar project trio in Italy" 664:
Yves-Eric François, Financial Director since April 2024
1701:"Kaban Green Power Hub - Cleaner energy for Queensland" 1491:"Power plant profile: Fox Coulee Solar Project, Canada" 655:
Norbert Thouvenot, Chief Operating Officer since 2021.
1935:"Neoen starts construction of 40-MW battery in Sweden" 1677:"Neoen commissions Hedet onshore wind farm in Finland" 1072:"Neoen, Stanwell sign PPA for Mount Hopeful Wind Farm" 929:"Western Downs Green Power Hub, Queensland, Australia" 2004:"Neoen expands the size of its Western Downs Battery" 1959:"Goyder South Stage 1 Wind Power Project - NS Energy" 997:"Neoen announces 1-GW renewables milestone in France" 2079:"Neoen kicks off work on 56.4-MW battery in Finland" 541:In 2017, Neoen commissioned the first phase of its 571:Finland's largest wind farm, Mutkalampi (404 MW). 293:in Australia (300 MW/450 MWh). Work also began on 1120:"Neoen signe son premier Corporate PPA en France" 478:In 2020, Neoen announced the construction of the 2490:Renewable resource companies established in 2008 2456: 467:and plans to build two 100-MWp solar farms near 1540:"Neoen secures 238.5MW solar tenders in France" 1196:"Fox Casting in Canada, Start of Construction" 658:Olga Kharitonova, General Counsel since 2018. 300:In June 2020, the company entered the SBF120, 2157: 608:provide BHP with a continuous energy supply. 521:, the energy produced at Le Couret (139 MWp) 1674: 652:Romain Desrousseaux, Deputy CEO since 2013. 1537: 2164: 2150: 1193: 153:137.4 million euros in 2023 (consolidated) 25: 1868: 1757: 1745:"Neoen turns sod on 57MW Storbrännkullen" 1488: 697:Fonds StratĂ©gique de Participation (FSP) 646:’s regulated market in Paris. Directors: 1977: 1044: 670: 443:In France, Neoen built and operates the 1908: 1632: 1562: 1069: 2457: 1659:"Q1 2024 revenue and operational data" 863: 814: 741: 2475:Electric power companies of Australia 2145: 1025:Australia France Business Association 133:Electric power from renewable sources 2495:French companies established in 2008 2485:Renewable energy companies of France 214:is a French producer of exclusively 2076: 1869:GutiĂ©rrez, Alondra (23 July 2021). 1588: 1452:Neoen El Llano Parque Solar, Mexico 238:Neoen is owner and operator of the 13: 2505:Companies listed on Euronext Paris 2480:Electric power companies of France 1675:Ellichipuram, Umesh (2020-07-03). 14: 2516: 1563:Tisheva, Plamena (Oct 25, 2023). 649:Xavier Barbaro, CEO and founder. 392:Neoen's main solar plants are in 1076:Energy Source & Distribution 1045:magazine, pv (17 January 2022). 864:Silver, Andrew (February 2017). 329:In 2022, Neoen signed Corporate 16:French renewable energy producer 2114: 2089: 2070: 2045: 2020: 1996: 1971: 1951: 1927: 1902: 1877: 1862: 1837: 1826: 1801: 1776: 1751: 1737: 1713: 1693: 1668: 1651: 1626: 1601: 1582: 1556: 1531: 1507: 1482: 1465: 1443: 1419: 1394: 1376: 1352: 1327: 1302: 1282: 1257: 1233: 1212: 1187: 1162: 1137: 1112: 1088: 1063: 1038: 1013: 989: 965: 552:with green electricity for its 387: 1978:Tharayil, Refna (2023-01-06). 1909:Matters, Energy (2022-07-29). 1633:Dumitru, Andrei (2024-06-13). 941: 921: 896: 857: 833: 808: 784: 759: 165:5.8 billion euros in June 2024 1: 1220:"Our Battery - Blyth Battery" 1070:Howland, Nadia (2023-01-10). 734: 629: 480:Western Downs Green Power Hub 371: 308:Global Clean Energy indexes. 278:In 2019, Neoen sold its only 715:Carthusia/M. Xavier Barbaro 322:Renewables Zone (412 MW) in 7: 364:In May 2024, asset manager 361:construction in Australia. 304:France Small Cap Index and 141:524.4 million euros in 2023 10: 2523: 1764:World Construction Network 1538:suryaakella (2023-09-29). 882:10.1109/mspec.2017.7833493 600:battery storage operator. 257: 2184: 1194:energynews (2023-01-03). 469:San Antonio de los Cobres 331:Power Purchase Agreements 191: 179: 169: 157: 145: 137: 129: 119: 99: 83: 75: 65: 43: 33: 24: 1758:kgi-admin (2023-08-10). 1489:kgi-admin (2022-01-04). 908:www.nsenergybusiness.com 767:"2021 Full-year results" 513:in two years. Under the 2178:(as of 5 November 2021) 1126:(in French). 2023-01-05 817:"Victorian Big Battery" 565:Bulgana Green Power Hub 349:, its first in Canada. 265:Hornsdale Power Reserve 2470:Brookfield Corporation 186:Impala SAS, BPI France 175:439 (31 December 2023) 2101:pv magazine Australia 2057:pv magazine Australia 1269:pv magazine Australia 1174:pv magazine Australia 1051:pv magazine Australia 815:Energy (2023-02-02). 671:Shares as at 31/12/23 459:(excluding heating). 316:Victorian Big Battery 291:Victorian Big Battery 248:Victorian Big Battery 2176:companies of France 1813:BatteryIndustry.tech 1613:CCI France Australie 638:(former chairman of 125:Xavier Barbaro (CEO) 60:CAC Mid 60 Component 1589:Petrova, Veselina. 543:Hornsdale Wind Farm 171:Number of employees 21: 2189:AĂ©roports de Paris 2077:Tisheva, Plamena. 1124:pv magazine France 517:contract with the 449:Gironde department 240:Cestas solar plant 224:solar power plants 19: 2452: 2451: 2249:Dassault Aviation 2179: 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Index


Société Anonyme
Traded as
Euronext
NEOEN
CAC Mid 60 Component
Electricity
Paris
Net income
Total assets
Parent
Impala SAS, BPI France
www.neoen.com/en
renewable energy
Paris
solar power plants
wind farms
energy storage
Cestas solar plant
Bordeaux
Victorian Big Battery
Western Downs
Hornsdale Power Reserve
Hornsdale
biomass unit
Google
Victorian Big Battery
Western Downs
MSCI
S&P

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