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producer Saft has been acquired by Neoen to supply a turnkey 8MW/8 megawatt-hour energy storage system (ESS) in Antugnac, southerly France. The facility

Neoen has started construction of its first three renewable energy projects in Italy - two solar farms in Lombardy and one in Marche. Combined, the projects have a capacity of 24.7MW and are expected to be operational in early 2025. Neoen will retain 100% ownership and has also contracted Intec Energy Solutions as solar EPC system provider. The projects are expected to contribute to the government's target of 40% renewable energy consumption by 2030. Neoen has a growing team developing other solar and storage projects in Italy. With their efficient execution, they aim to quickly expand their presence in the country. What Are Neoen's Solar Projects in Italy? The two solar farms in Lombardy have a combined capacity of 16.8MW. The solar farm in Marche has a capacity of 7.9MW. The projects are expected to produce enough energy to power around 12,000 households. The projects are expected to reduce carbon emissions by approximately 14,400 tons of CO2 per year. The projects will utilize the latest solar technologies, such as trackers and bifacial modules. Neoen has announced plans to develop additional solar and storage projects in Italy, including a 50MWp solar farm in Campania. Neoen is also looking to expand into other renewable energy sources such as wind, geothermal, and hydroelectric power in Italy.

the remaining shares and convertible bonds of French renewable energy company Neoen SA. Following this acquisition, Brookfield plans to initiate a squeeze-out

the acquisition of a 53.12% majority stake in French renewable energy firm Neoen SA. This strategic move enhances Brookfield's portfolio in the renewable

Neoen has actually signed a seven-year agreement to offer 70MW of energy from its 100MW Capital Battery project in Australia to with AGL Energy. The offtake deal will certainly give AGL Energy the ability to hedge its customer tons in the New South Wales area of Australia's National Electricity Market by practically charging and releasing the battery any time over five minute trading intervals. It is ideally matched to managing the raising obstacles of the "duck curve" as well as night peaks dealt with by large electricity customers as well as retailers, Neoen said. Construction of the Capital Battery commenced in December 2021 and also the asset is anticipated to start operating in the very first fifty percent of 2023. The battery offer is an option created by Neoen to allow a huge electricity user or merchant to mimic a grid-scale battery, without needing to construct or own one. Neoen stated it has also designed a bespoke and also committed user interface that allows the customer to submit live orders or utilize sophisticated predesigned send off techniques. Neoen Australia's managing director Louis de Sambucy claimed: "We are delighted to have AGL as our initial customer for this ingenious bespoke solution. " The digital battery is an ideal firming device which will end up being a core Neoen product as well as a key element in the success of our increasing variety of customer offerings. " With the Capital Battery presently unfinished, we will certainly quickly be running grid-scale batteries in three of the five states of the National Electricity Market and also have multiple storage space projects in advancement across Australia." AGL Energy Chief Operating Officer Markus Brokhof claimed: "As we continue with our plans for an organized and also responsible energy change, we understand the need for flexible capacity that meets the energy needs of our customers to guarantee they continue to have accessibility to budget friendly and trusted energy. " Neoen's solution matches our demands completely. " Our aim is to strike an equilibrium between conference Australia's current as well as future energy requires while transitioning in a responsible way. " AGL's energy change will be powered by technologies like this, bringing flexible capacity into the marketplace as well as supporting boosted investments in renewable energy, allowing us to prioritise customer supply while we make progress in the direction of web no." Neoen stated it has a battery storage space portfolio of 576 MW in operation or unfinished in Australia. The firm added that along with the Capital Battery, it likewise owns and runs the recently completed 300MW Victorian Big Battery in Geelong and also the 150MW Hornsdale Power Reserve in South Australia.

Neoen, a global renewable energy provider, has announced the commencement of construction on the 440MWp Culcairn Solar Farm located in New South Wales. The project is expected to employ over 400 people during construction and seven permanent positions once it starts operating. The solar farm is expected to generate enough energy to power 160,000 homes and includes the option to incorporate a 100MW battery at a future date. Neoen has also been awarded a Long-Term Energy Services Agreement (LTESA) under the NSW government’s Electricity Infrastructure Roadmap, designed to enable the state to achieve its target of reaching net zero emissions by 2050. Neoen intends to contract the majority of the electricity generated via PPAs. The development of the Culcairn Solar Farm will be complemented by a program totalling AUD$10m over the life of the asset, to benefit the local community. What Benefits Does Neoen's Culcairn Solar Farm Bring? The Culcairn Solar Farm will provide clean energy with no emissions, significantly reducing New South Wales’s carbon footprint. The project is expected to create over 400 jobs during construction and seven permanent positions once the farm starts operating, providing a boost to the local economy. The solar farm will be capable of generating enough energy to power 160,000 homes, improving the security of New South Wales’s energy supply. Neoen has been awarded a Long-Term Energy Services Agreement (LTESA) under the NSW government’s Electricity Infrastructure Roadmap, meaning the project will be eligible for government subsidies, making it more affordable for consumers. Neoen has a plan to contract the majority of the electricity generated via PPAs, providing a secure source of income for the solar farm. Neoen has committed to a program of AUD$10 million over the life of the asset to benefit the local community.

offer to acquire all remaining shares in French renewable energy company Neoen SA, along with outstanding convertible bonds. The offer targets shares and

Neoen has been granted 130MW of ability in France's require tenders for ground-based solar projects. The 130MW granted in CRE 4.10 includes 9 projects from 4MW to 43MW in size and also Neoen is the majority investor in each. Six out of nine plants are to be improved rehabilitated land, such as former quarries, landfill websites or former aerodromes. The nine projects are mainly situated in the southwest (Nouvelle Aquitaine) and eastern (Grand Est) regions of France with also projects in Indre-et-Loire, the North and also in Sarthe. The plants are scheduled to be commissioned in 2023. Guillaume Decaen, French development supervisor at Neoen, said: "All nine projects submitted won their tenders, which highlights Neoen's management in France. " The 130MW allotment is the biggest Neoen has actually been awarded to date in a French federal government solar power tender, making an overall of 500MW over the course of the CRE 4. " I wish to thank our local partners for their trust fund, as well as the teams of our five regional workplaces whose relations developed with local stakeholders led to this success." At 42.8 MW, the Romilly solar plant in Aube in the Grand Est region will certainly be among Neoen's biggest in France. The plant is being improved the site of a former army aerodrome. In the same region, the 6.7 MW Lorraine Airport plant will generate energy from solar carpark shelters. In the southwest (Landes, Nouvelle-Aquitaine), the 13MW Labouheyre project located on a formal timber shop takes Neoen's complete operating power in Landes to 70MW. Also in Nouvelle-Aquitaine, the Poullignac plant in Charente is built on a former landfill site. These projects take the variety of Neoen solar parks in the region to 18.

Neoen has actually started construction of its 200MW Western Downs Battery in Australia. The designer has given notices to proceed to battery storage specialists Tesla and to balance of plant specialist UGL, signalling the beginning of works at the site southern west Queensland. Neoen will be the lasting proprietor and operator of the asset, which is its fourth big battery in Australia as well as is anticipated to begin running in the Australian summer of 2024/25. The battery itself will include Tesla Megapack systems as well as will certainly take advantage of the existing framework of Neoen's Western Downs Green Power Hub which includes a 460MW solar farm presently nearing completion. The project will certainly be located alongside the Western Downs substation, with Powerlink delivering the connection works, including a specialized high-voltage line which will connect the battery to the transmission network. The Western Downs Battery is developed to help modernise as well as stabilise the Queensland grid, with the battery, efficient in performing a variety of vital roles including firming renewables, providing regularity services and transmission network support, Neoen said. It will likewise be outfitted with grid-forming inverter modern technology permitting it to give necessary system stability solutions traditionally offered by synchronous generation such as coal as well as gas, it added. Neoen Australia's managing director Louis de Sambucy claimed: "We are thrilled to be pressing 'go' on the Western Downs Battery, building upon our Western Downs solar farm which is nearing completion. " We wish to give thanks to Tesla, UGL as well as Powerlink for their dedication and also commitment, as well as ARENA for their trust and support. " We are extremely proud to now have a big battery in 4 of the five states of the National Electricity Market." ARENA chief executive officer Darren Miller said: "Battery storage is a necessary modern technology in the transition to renewable energy, allowing us to smooth out variable generation as well as shop electricity for when it's needed. " Next generation grid scale batteries such as Western Downs Battery will underpin this shift, with inverter innovation that can preserve grid stability without fossil fuels." Neoen chairman as well as chief executive officer Xavier Barbaro said: "We take pride in this new storage asset, which will be one of the most effective battery in Queensland, a state where the pace of the power shift is speeding up. " Neoen currently holds a global storage space portfolio of 842MW/ 1341MWh. " It additionally takes our overall capacity past 6GW in operation or under construction all over the world, giving us confidence in our ability to reach 10GW by 2025."

has offered to buy a majority stake in French renewable power producer Neoen SA for EUR 6.1 billion. The deal values Neoen's equity at a 26.9%

Neoen SA has sold its renewable energy portfolio and 2.8-GW pipeline in Victoria to HMC Capital for AUD 950 million (USD 611.7 million) to facilitate a takeover by Brookfield Asset Management. The assets transferred include 652 MW of renewable energy infrastructure, notably the 300-MW/450-MWh Victoria Big Battery, the Numurkah solar farm, and the Bulgana Green Power Hub, as well as substantial development projects in wind and energy storage.This divestment was crucial for obtaining approval from the Australian Competition and Consumer Commission (ACCC) for Brookfield's planned acquisition. Brookfield, in partnership with Temasek, aims to acquire approximately 53.12% of Neoen’s shares at EUR 39.85 each, valuing the company at EUR 6.1 billion. After the sale, Neoen will maintain 3.7 GW of renewable assets in Australia either in operation or construction. What significance does Neoen's asset sale hold for Brookfield's acquisition strategy? Facilitating Regulatory Approval: The asset sale played a significant role in addressing concerns from the Australian Competition and Consumer Commission (ACCC) regarding competition in the renewable energy sector. By divesting a substantial portion of its portfolio, Neoen demonstrated compliance with regulatory expectations, which is essential for Brookfield's acquisition strategy. Streamlining Asset Base: By acquiring Neoen after its asset sale, Brookfield and its partner Temasek can focus on a smaller, more manageable portfolio of renewable assets. This allows them to enhance operational efficiencies and optimize the performance of their remaining 3.7 GW renewable energy holdings in Australia. Strengthening Market Position: The acquisition of Neoen following the sale of its assets enables Brookfield to gain a significant foothold in the Australian renewable energy market, which is increasingly recognized for its growth potential. This strategic move aligns with Brookfield’s goal to become a leading player in the global transition to sustainable energy. Diversifying Investment Portfolio: Acquiring Neoen post-sale allows Brookfield to diversify its renewable asset portfolio, which can mitigate risk and improve financial returns. The mix of mature operational assets and developmental projects offers a balanced approach to investment and revenue generation. Enhancing Innovation and Development: With the 2.8-GW pipeline now focusing on development projects in wind and energy storage, Brookfield can leverage its capital and expertise to drive innovation in renewable technologies. This includes potentially accelerating the development of cutting-edge energy storage solutions, which are crucial for managing intermittent renewable energy production. Attracting Future Investments: The successful acquisition of Neoen, bolstered by the completed asset sale, positions Brookfield favorably for attracting future capital. Investors typically seek stability and growth potential, and owning a significant player in the renewable sector enhances Brookfield's attractiveness as a sustainable investment vehicle. Promoting Long-Term Growth Strategies: By strategically acquiring Neoen's remaining assets, Brookfield can implement long-term growth strategies focused on the increasing demand for renewable energy in Australia and globally. This positions the company to benefit from government initiatives and incentives aimed at accelerating the clean energy transition. Global Expansion Prospects: The successful acquisition of Neoen's remaining assets can pave the way for Brookfield to explore similar opportunities in other markets. This includes potential acquisitions or partnerships in regions that are advancing their renewable energy infrastructure, aligning with Brookfield’s global expansion aspirations in the sustainable energy sector.

Neoen has given notification to continue to battery carrier Nidec to start construction of a 40MW energy storage project in Sweden. The 40MW/40 megawatt-hour Storen Power Reserve will certainly be situated in the municipality of Ragunda, approximately 100 kilometres from Östersund. It will be linked to the 130kV E.ON grid as well as is set to be operational in the very first half of 2024. In line with its develop-to-own model, Neoen owns 100% of Storen Power Reserve and will be the lasting driver of the asset. The battery will certainly supply Svenska Kraftnät, the Swedish transmission system operator, with ancillary solutions and Frequency Containment Reserve services. Storen Power Reserve will assist to keep the balance in between production and consumption in real time, effectively enhancing the power system safety and security. The battery will certainly decrease grid stabilisation costs while helping with the integration of renewable energy assets, Neoen said. In addition to the Storen Power Reserve battery, Neoen's Swedish assets include the 57MW Storbrännkullen wind farm, under construction, and the 90MW Hultsfred solar park, which will go into building and construction in the 2nd fifty percent of 2023. Storen Power Reserve is Neoen's second battery in the Nordics, the very first being the 30MW/30MWh Yllikkälä Power Reserve in Finland, in operation given that 2020. Laetitia Prot, Neoen's Head of Business Development Sweden, stated: "We are delighted to see Neoen broadening fast in Sweden, only 2 years after establishing our team in Stockholm. " I want to thank all stakeholders, in particular circulation system operator E.ON, and also Ragunda Municipality, for their assistance, as well as for playing along with us an active role in Sweden's energy transition."

Neoen, an independent producer of renewable energy exclusively, has actually commissioned its Altiplano 200 solar power plant-- a 208 MWp solar park situated in the Salta province of Argentina. Benefitting from a few of the world's ideal sunlight exposure, Altiplano will certainly be creating 650,000 MWh of solar powered electrical power per year, comparable to the yearly electrical energy intake of 215,000 people, stated Neon. The nuclear power plant is Argentina's 2nd biggest solar ranch. The electricity generated will be marketed to nationwide operator CAMMESA under a 20-year acquisition arrangement. The solar park was created through the merging of the La Puna (107 MWp) and also Altiplano (101 MWp) projects granted to Neoen in the RenovAr 1 and also RenovAr 2 affordable tenders as well as is covered by an assurance from the World Bank. The plant was developed under a turnkey contract by a Franco-Spanish consortium formed by GenSun and TSK, consisting of significant French and Argentinian commercial web content. The building created over 450 straight as well as indirect tasks, the majority of which were used up by people from the area's indigenous areas. Financing of the plant was offered by Proparco, DEG, ICCF, Société Générale and KfW, the last two with a purchaser's credit score warranty from BPIAE, in the form of a non-recourse elderly financial obligation of USD 211 million. Emmanuel Pujol, Regional Director of Neoen for Americas, commented: "The commissioning of Altiplano 200 is a major milestone in Neoen's regional advancement. In a particularly challenging context and also in spite of a delay of a number of months, Neoen did well in carrying through the enthusiastic project and honour its dedications." " Making use of the experience gained in addition to on the imagination as well as strength released by our groups to get over the challenges in our path, Neoen emerges all the stronger to continue our development in the Americas." Xavier Barbaro, Chief Executive Officer of Neoen, ended: "We are really pleased to be appointing Altiplano 200 in Argentina. I would like to congratulate the Neoen teams associated with the growth and also completion of this facility project. I would certainly additionally such as to share my appreciation to our lending institutions, who enabled this exemplary project to proceed."

renewables company Neoen has begun construction on a 93.9 MW/93.9 MWh battery energy storage system (BESS) project in Sweden. The Isbillen Power Reserve will

Neoen, a French renewable energy producer, won four solar projects totaling 104.4 MWp as part of the tender. The projects include three agrivoltaic initiatives involving the integration of sheep farming with solar power generation, and the fourth project, the expansion of an existing solar farm. Neoen has so far acquired a total of 475.5 MWp of solar and wind projects in 2020, which should cover the electricity needs of at least 50,000 people in France when completed. How is Neoen Modernizing French Renewables? Neoen has established itself as a leading renewable energy producer in France, investing heavily in projects that can generate large amounts of electricity. The four solar projects won in the tender are expected to generate enough electricity to cover the needs of at least 50,000 people. Neoen has also invested in the integration of sheep farming with solar power generation, also known as agrivoltaics. The agrivoltaic projects are expected to help reduce the environmental impact of the farming industry while still producing significant amounts of renewable energy. Neoen is also expanding an existing solar farm, which will further increase France's renewable energy capacity. Neoen is investing in the development of innovative technologies to further optimize the efficiency of their projects, such as advanced tracking systems and AI-based forecasting methods. Neoen has also partnered with local businesses and municipalities to ensure that their projects are tailored to local needs and maximize economic and environmental benefits.