Verso Energy Acquires 400-MWp Solar Assets from Neoen

• Verso Energy powers ahead, acquiring a 400-MWp solar portfolio to spearhead its renewable ambitions and bolster the drive towards a sustainable energy future in France.

Verso Energy has acquired a 400-MWp solar portfolio from Neoen SA, enhancing its goal of becoming a fully integrated energy producer. This purchase aligns with Verso’s commitment to expanding its renewable energy capacity, as it aims to develop and operate 1 GW of solar projects in France by 2027 to meet growing decarbonization targets.

The portfolio comprises operational photovoltaic parks and projects nearing construction, although specifics were not disclosed. Verso Energy’s CEO, Antoine Huard, emphasized that this acquisition will accelerate the company's growth in producing electricity, green hydrogen, and synthetic fuels, including eSAF for decarbonizing air transport.

How does Verso Energy's acquisition support its renewable energy expansion goals in France?

• Strategic Portfolio Expansion: The acquisition of Neoen SA’s 400-MWp solar portfolio allows Verso Energy to significantly increase its renewable energy assets, positioning the company to meet France's urgent energy needs while supporting its long-term sustainability goals.
• Meeting Decarbonization Targets: By bolstering its solar capabilities, Verso Energy is better equipped to contribute to national and international decarbonization targets. The portfolio’s substantial capacity aligns with France's commitment to transition towards renewable sources.
• Operational Efficiency: The inclusion of operational photovoltaic parks in the acquired portfolio means that Verso can quickly start generating revenue and production without the typical delays associated with new project developments.
• Hydrogen Production: The acquisition aligns with Verso's broader strategy in green hydrogen development. The increased capacity in solar energy is directly linked to the company’s plans to produce green hydrogen, which is vital for various sectors, including transportation, to reduce carbon emissions.
• Synthetic Fuels Production: Verso's focus on generating synthetic fuels, such as eSAF (sustainable aviation fuel), will be enhanced by the new solar assets. The renewable energy generated can power production processes that lead to lower carbon emissions in aviation and other industries.
• Support for Economic Growth: The acquisition may also have positive implications for local economies in France, as increased investment in renewable energy infrastructure can lead to job creation and stimulate local economies through new projects and technologies.
• Strengthening Market Position: By acquiring a substantial solar portfolio, Verso Energy enhances its competitive positioning in the renewable energy market, allowing it to become a significant player in the French energy landscape and beyond.
• Long-Term Vision Alignment: This acquisition is part of Verso Energy’s long-term vision to become a fully integrated energy producer, integrating various renewable sources and technologies to achieve a diversified energy portfolio that supports sustainability goals.
• Synergies with Future Projects: The integration of these solar assets creates potential synergies with upcoming projects, allowing Verso Energy to optimize resource allocation, share technological advancements, and streamline operations across different renewable energy segments.