Search

Neoen has started work on the largest battery in the Nordics, the Yllikkälä Power Reserve Two (YPR2), near Lappeenranta, Finland. Nidec will have the overall responsibility for the 54MW/112.9MWh lithium-ion two-hour battery construction project and has already provided the battery containers, cells and inverters. It will be connected to Fingrid’s Yllikkälä substation and is expected to be operational in the first half of 2025. The battery will be used to provide Findgrid with fast-response ancillary services to balance production and consumption, ensuring the security and frequency of the power system. Neoen owns 100% of Yllikkälä Power Reserve Two and will be the long-term operator of the asset. The YPR2 is the third battery project in the Nordics for Neoen, who are a leading owner and operator of batteries globally, with a portfolio of 1489MW/3032MWh in operation or under construction. The development has been praised by Fingrid President and CEO Jukka Ruusunen, who said batteries are an excellent source of rapid flexibility and will significantly increase the supply of Fingrid’s reserve markets. Lappeenranta’s Acting Mayor Tuomo Sallinen has also welcomed the investment, which supports the city’s ambition to be a European leader in renewable energy and electricity storage solutions. Neoen Chairman and CEO Xavier Barbaro said the company is committed to accelerating the deployment of large-scale and long-duration batteries to enable a clean energy future. What Benefits Will Neoen's YPR2 Battery Bring? Neoen's YPR2 battery will help in the transition to a more sustainable energy future, enabling renewable energy sources to be integrated into the grid more effectively. The battery will help to maintain the security and frequency of the power system, providing Fingrid with fast-response ancillary services to balance production and consumption. The battery will provide balancing reserves and help to reduce the load on the grid by allowing renewable energy sources to be used more efficiently. By providing more reliable energy storage, the YPR2 battery will help to reduce energy costs and significantly decrease carbon emissions. It will also help to create jobs in the region, as well as create new business opportunities for companies looking to invest in renewable energy and energy storage solutions. The YPR2 will be the largest battery in the Nordics and will be connected to Fingrid's Yllikkälä substation. When operational, it will be the third battery project for Neoen in the Nordics, and will form part of their portfolio of 1489MW/3032MWh in operation or under construction.

Neoen SA has secured AUD 1.4 billion (USD 883.6 million) in debt financing to enhance its 1.3-GW portfolio of solar, wind, and energy storage projects in

Neoen has been awarded 119MW of solar projects in the latest call for tenders by the French government’s Energy Regulation Commission (CRE), making it the second largest share in this session. With seven projects ranging from 5MW to 30MW, Neoen remains the top awardee for the whole PPE2 call of tenders that began two years ago, totaling 479MW. The projects will be developed in collaboration with local authorities and stakeholders in the Grand Est, Nouvelle-Aquitaine, and Occitanie regions of France, with construction expected to be phased between 2024 and 2028.One of the winning projects, Lapenne (21MW), will be one of the first solar agrivoltaic plants in the department of Ariege, combining sheep farming and renewable electricity production on the same site to provide diversified revenue for the farmer. Guillaume Decaen, French Development Director, expressed gratitude to stakeholders for their support and highlighted Neoen's role in decarbonizing France's electricity sector. Xavier Barbaro, Chairman and CEO of Neoen, emphasized the company's commitment to developing competitive and value-creating renewable energy projects in France and globally.Overall, Neoen's success in securing 119MW in this session further solidifies its position as the top independent producer of renewable energy in France. The company's focus on quality solar, wind, and storage projects will drive its growth both domestically and internationally, contributing to the ongoing decarbonization efforts in the energy sector. What makes Neoen the top independent producer of renewable energy in France? Neoen has been awarded 119MW of solar projects in the latest call for tenders by the French government’s Energy Regulation Commission (CRE), making it the second largest share in this session. With seven projects ranging from 5MW to 30MW, Neoen remains the top awardee for the whole PPE2 call of tenders that began two years ago, totaling 479MW. The projects will be developed in collaboration with local authorities and stakeholders in the Grand Est, Nouvelle-Aquitaine, and Occitanie regions of France, with construction expected to be phased between 2024 and 2028. Neoen's winning project, Lapenne (21MW), will be one of the first solar agrivoltaic plants in the department of Ariege, combining sheep farming and renewable electricity production on the same site to provide diversified revenue for the farmer. Guillaume Decaen, French Development Director, expressed gratitude to stakeholders for their support and highlighted Neoen's role in decarbonizing France's electricity sector. Xavier Barbaro, Chairman and CEO of Neoen, emphasized the company's commitment to developing competitive and value-creating renewable energy projects in France and globally. Neoen's success in securing 119MW in this session further solidifies its position as the top independent producer of renewable energy in France. The company's focus on quality solar, wind, and storage projects will drive its growth both domestically and internationally, contributing to the ongoing decarbonization efforts in the energy sector.

Neoen, the leading renewable energy and storage developer in Australia, has seen its latest quarterly revenues crimped by a combination of the transition of its biggest solar farm, the 400 MW Western Downs, to a fixed price contract and a fall in battery revenues after a bonanza period in 2022. The company posted a 8% drop in its 3rd quarter revenues to €120 million, although its nine-month revenues still looked strong with a 12% lift to €397.5 million. Neoen is currently building the 412 MW Goyder South wind project in South Australia, 4 big battery projects, and has a landmark 219 MW/876 MWh battery in Western Australia. It has become the first company to have more than 3GW of renewable capacity operating in Australia, and is targeting 10GW of capacity in operation or under construction by 2025 with Ebitda of more than €700 million. What Impacted Neoen's Quarterly Revenues? The transition of Neoen’s biggest solar farm, the 400 MW Western Downs, from a variable to a fixed price contract impacted the company’s quarterly revenues. The Western Downs project was Neoen’s biggest solar farm, creating a significant portion of the company’s overall revenue. The transition from variable to fixed prices resulted in decreased quarterly revenues for Neoen. A decrease in battery revenues after a bonanza period in 2022 also impacted Neoen’s quarterly revenues. Battery revenues had been strong in 2022, but decreased in the subsequent quarter, contributing to the 8% drop in Neoen’s 3rd quarter revenues. Despite the decrease in quarterly revenues, Neoen’s nine-month revenues were still up 12%, indicating a successful year overall. Neoen is currently working on a number of projects that should help increase its revenue base, such as the 412 MW Goyder South wind project in South Australia and 4 big battery projects. The company is aiming to have 10GW of capacity in operation or under construction by 2025, with an Ebitda of €700 million or more.

Neoen has actually signed a corporate power purchase agreement (PPA) with French network driver TDF for 62MW of capacity from two solar farms. Under the 15-year agreement, from 1 January 2026, TDF will purchase the electricity and guarantees of origin produced by the Salernes (16.8 MW, department of Var) and also Boussès (45.1 MW, department of Lot et-Garonne) solar farms. Building and construction of both solar farms, established by Neoen in discussion with the city governments and also stakeholders in the respective locations, will start in 2023, with commissioning of the Salernes solar farm scheduled for 2024 and also Boussès to adhere to in 2025. The company PPA will allow TDF to secure a supply of green power for a substantial part of the electricity intake of its telecommunications as well as audio-visual broadcasting sites. The Boussès solar farm will certainly also entail the restoration of a degraded forest environment with lots of infected trees (gap formation, wood-boring beetles, Fomes rot). Under a forestry settlement scheme, 86.2 hectares of healthy trees (including hardwoods) will be grown in the division of Lot-et-Garonne-- two times the location that will be cleared. Guillaume Decaen, Neoen's French Growth Supervisor, France, stated: "We are delighted to reveal the finalizing of our very first business PPA in France and we wish to say thanks to TDF for the trust they have placed in us. " The stamina and deepness of our portfolio of projects supply a solid foundation for our expanding passions in the company PPA market.". Olivier Huart, Chairman and also Chief Executive Officer of TDF, claimed: "We are proud to embark on this flagship collaboration with Neoen, a key French player in renewable energy. " Optimising our energy usage and including new resources of power supply are concern locations for decreasing our carbon footprint.".

Neoen SA has secured a USD 721 million debt financing deal for its 1.5-GW portfolio of operating wind and solar farms in Australia, as well as a new battery storage project. The funding will allow Neoen to refinance existing debt and finance new projects, including the Collie Battery Stage 1 in Western Australia. The debt has a maturity of five and seven years and was provided by a consortium of Aussie and international banks.The operating assets benefiting from the deal include solar farms in Victoria, Queensland, and New South Wales, as well as wind farms in Victoria and South Australia. Neoen Australia's CEO, Louis de Sambucy, stated that the funding deal sets a solid foundation for the company's goal of reaching 10 GW of assets in Australia by 2030. What is Neoen SA's plan for its 1.5-GW portfolio in Australia? Neoen SA plans to use the USD 721 million debt financing deal to refinance existing debt and finance new projects in Australia The funding will support the development of the Collie Battery Stage 1 project in Western Australia Neoen's 1.5-GW portfolio in Australia includes operating wind and solar farms in Victoria, Queensland, and New South Wales The debt has a maturity of five and seven years and was provided by a consortium of Aussie and international banks Neoen Australia's CEO, Louis de Sambucy, aims to reach 10 GW of assets in Australia by 2030, with this funding deal setting a solid foundation for the company's growth.

Neoen has provided a notice to proceed to a consortium to start construction of its 200MW Blyth Battery project in South Australia. The consortium comprises Elecnor, the balance of plant professional, and also NHOA, a battery storage professional. The 200MW/400 megawatt hr Blyth Battery in the Mid North area of South Australia is anticipated to begin operating in 2025. The battery will lie next to the Blyth West substation and will be linked to ElectraNet's transmission network. In accordance with its develop-to-own company model, Neoen will certainly be the long-lasting proprietor as well as operator of the asset. Blyth Battery will mainly be deployed in mix with Neoen's Goyder South Stage 1 wind farm to deliver 70MW of eco-friendly baseload energy to extracting company BHP. The energy will power BHP's Olympic Dam procedures in South Australia, among the globe's most significant deposits of copper, gold as well as uranium. As a result of assistance from ARENA's just recently revealed Large Scale Battery Storage Funding Round, the asset will ultimately be equipped with grid-forming inverter innovation, permitting it to provide system stability services commonly provided by synchronous generation such as coal and gas Blyth Battery is Neoen's fifth big battery in the National Electricity Market, bringing the firm's complete Australian assets near to 3GW in operation or under construction with its storage profile approaching 1GW. Neoen is the country's leading proprietor of big batteries, it already possesses and operates the 300MW/450MWh Victorian Big Battery and also the 150MW/193.5 MWh Hornsdale Power Reserve, whilst its 100MW/200MWh Capital Battery as well as 200MW/400MWh Western Downs Battery are under construction. Louis de Sambucy, Neoen Australia's Managing Director, said: "We are enjoyed be beginning construction of Blyth Battery and to be approaching 3 GW of assets in operation or under construction in Australia. " We would love to give thanks to NHOA and also Elecnor for their hard work and commitment, and also ARENA for their trust and also support. We are especially happy with our ability to incorporate Blyth Battery, Goyder South wind energy and also our expertise in energy monitoring to power BHP's Olympic Dam with sustainable baseload."

Neoen has announced that it will be augmenting the size of its Western Downs Battery project in Queensland from 200 MW/400 MWh to 270 MW/540 MWh. The energy storage system will include Tesla Megapack 2XL units and is expected to be online by 2024-2025. The battery will offer support services in the areas of firming, frequency and transmission network. Neoen is also building three more large-scale facilities and is jointly constructing two wind farms with Prokon in Finland. What is the Size of the Western Downs Battery Project? Original planned size: 200 MW/400 MWh Augmented size: 270 MW/540 MWh Construction to be completed by 2024-2025 Tesla and UGL selected for delivery of extension Battery to provide firming, frequency and transmission network support Neoen construction of Storbötet and Lumivaara wind farms in Finland with a total capacity of 161.2 MW

Commission (ACCC) has approved Brookfield Asset Management's acquisition of Neoen SA, contingent upon the divestment of Neoen's assets in Victoria to

Neoen SA has initiated construction on a 79-MWp solar project in County Limerick, Ireland, expected to start electricity production by mid-2026. The project, initially proposed at 61 MWp, was upgraded and won a Contract for Difference (CfD) in the 2022 Renewable Electricity Support Scheme 2 auction, securing revenue stability until 2040. This development marks Neoen's first transmission-connected plant in Ireland, increasing its operational or under-construction capacity in the country to 190 MW.The engineering, procurement, and construction (EPC) works are assigned to Omexom and TLI Group. The photovoltaic farm will provide power for approximately 16,000 homes and will also incorporate sheep grazing. Additionally, Neoen was selected for two other solar projects, totaling approximately 170 MWp, in Ireland's fourth RESS auction last month. What are the expected benefits and scale of Neoen’s new solar project in Ireland? Expected Benefits and Scale of Neoen’s New Solar Project in Ireland Increased Renewable Energy Capacity: With the addition of the 79-MWp solar project, Neoen's total renewable energy capacity in Ireland will rise to 190 MW, contributing significantly to the country's energy transition goals. Cleaner Energy for Households: The solar farm is projected to generate enough electricity to power around 16,000 homes, providing a cleaner, more sustainable energy source to local communities. Economic Stability Through CfD: Securing a Contract for Difference (CfD) ensures that the project will receive guaranteed prices for its electricity until 2040, enhancing financial predictability and attractiveness for investment. Job Creation: The construction phase of the solar project is expected to create local jobs, boosting the economy in County Limerick while providing employment opportunities in the renewable energy sector. Sustainable Land Use: The integration of sheep grazing with the solar panels promotes sustainable land usage. This agrivoltaic approach maximizes land productivity, allowing for environmental benefits while using space efficiently. Support for Ireland's Climate Goals: This project aligns with Ireland's ambitious climate action targets, contributing to a reduction in carbon emissions and fostering a transition to a low-carbon economy. Technological Advancements: Engaging experienced EPC partners, such as Omexom and TLI Group, signals a commitment to using cutting-edge technology and practices in construction and operation, which can enhance long-term efficiency. Future Project Pipeline: Neoen’s success in securing two additional solar projects, totaling approximately 170 MWp, demonstrates the company's growth potential in the Irish market and reflects increasing confidence in renewable energy investments. Energy Diversification: The project adds diversity to Ireland’s energy mix, enhancing energy security by reducing reliance on fossil fuels and creating a more resilient energy infrastructure. Positive Impact on Local Community: By engaging local stakeholders and implementing community-oriented initiatives, Neoen can foster goodwill and make a positive impact on the residents of County Limerick. Contributions to Energy Transition: The new solar project is part of a larger strategy to enhance the share of renewable energy in Ireland's electricity grid, helping to meet both national and EU-wide targets for renewable energy adoption. These anticipated benefits highlight the importance of Neoen's solar project not only in enhancing local energy production but also in fostering economic growth and sustainability in Ireland.

Technologies has actually entered into a critical collaboration agreement with Neoen. Senior vice head of state of overseas advertising and marketing, sales as

Neoen has actually begun operations at its 300MW/450 megawatt-hour Victorian Big Battery energy storage project in Australia. The facility is located beside Moorabool Terminal Station in Geelong, Victoria. It was delivered in partnership with Tesla, deploying its Megapack technology, and network partner AusNet Services. The Victorian Big Battery has a 250MW System Integrity Protection Scheme (SIPS) agreement with the Australian Energy Market Operator (AEMO). SIPS was started by the Victorian Government and opens up to 250MW of extra peak capacity on the existing Victoria to New South Wales Interconnector over the following years of Australian summers. Under the contract, the battery will offer an automated split second feedback in case of an unexpected network failure, giving AEMO with an extra means of making sure grid security. The battery will additionally take part in the National Electricity Market and assistance boosted penetration of renewables in Victoria with network services such as rapid regularity control. The battery has actually also brought an economic boost to the Geelong area through the Covid lockdown duration, creating over 150 building and construction work and six permanent positions. Regional suppliers have been contracted for several elements of the project as well as community initiatives will be sustained through an annual Community Benefit Fund over the possession's lifetime. Neoen Australia taking care of supervisor Louis de Sambucy said: "We are very happy to have actually supplied the largest battery in Australia in document time. " I would like to say thanks to everybody that has actually worked relentlessly to make this take place; our companions at Tesla and also AusNet, UGL and also Downer, along with AEMO and the Victorian Government. " We are honoured to be contributing a project of this scale and also advancement. " With 2GW of projects in our pipeline in Victoria, we are committed to continuing to play our part in Victoria's renewable energy shift." Victorian Minister for Energy, Environment and also Climate Change Lily D'Ambrosio said: "The Victorian Government is proud to flick the activate Australia's greatest battery which will aid protect our network in summer, sustain our eco-friendly change, as well as reduce energy costs. " Neoen's battery is a great accomplishment as Victoria changes to our legislated targets of 50% renewables by 2030 and also internet zero by 2050." AEMO chief executive Daniel Westerman stated: "AEMO's partnership with the Victorian Government as well as Neoen has actually delivered among the world's largest batteries, which will make it possible for an extra reputable and also secure electricity supply for Victorian consumers." Neoen chairman and also chief executive Xavier Barbaro claimed: "The distribution of the Victorian Big Battery is a significant accomplishment for Neoen, not just since it is among the biggest batteries on the planet, yet also since it represents one more vital milestone in terms of advancement. " Our trip in storage began in Australia in 2015 as well as we currently have more than half a gigawatt of storage space operating throughout three continents. " We are encouraged that large-scale battery storage is an important element of the energy transition, and we take pride in our management in this sector. " We will continue to build on our experience to supply world-leading solutions that assist to form as well as transform the grid of the future, for the advantage of sector and also customers across Australia and also around the world."

enhancing to EUR75.4 million regardless of a dip in irradiation. As well as Neoen additionally reported a rise in power storage-related profits after its

Neoen SA has secured a total of 164 MWp in France's latest solar tender, confirmed on Thursday. The company won seven projects for ground-mounted photovoltaic (PV) capacity, boosting its total secured capacity in France to over 2.5 GW. The winning projects will be located across multiple regions, including Bourgogne-Franche-Comte and Nouvelle-Aquitaine, with several sites integrating agricultural activities alongside solar power generation.Out of the seven solar plants, six are set to be commissioned gradually between 2026 and 2029, while the seventh, a 73-MWp facility named Tourneuve, will go online in 2032, pending a grid upgrade. This award comes from the recent sixth tender by France’s Energy Regulation Commission (CRE), which allocated a total of 948.3 MWp against a target of 925 MWp. How will Neoen SA's new projects impact solar capacity and agricultural integration in France? Increased Solar Capacity: Neoen SA’s victory in the recent solar tender will add an additional 164 MWp to France’s renewable energy landscape, contributing to the nation’s ambitious climate goals and diversifying its energy sources. The company’s accumulated capacity will surpass 2.5 GW, reinforcing France's commitment to achieving a 40% share of renewables in its energy mix by 2030. Enhanced Regional Energy Profiles: The new solar projects will be distributed across various regions, including Bourgogne-Franche-Comte and Nouvelle-Aquitaine, which will locally enhance energy production and create job opportunities in these areas. This regional approach can help alleviate energy poverty and foster economic growth through local investments. Long-Term Energy Security: The phased commissioning of the plants, starting from 2026 through 2032, could provide a stable and predictable flow of energy resources into the grid. This will help fortify France’s energy security, particularly in the context of global energy fluctuations and the ongoing transition towards sustainable energy sources. Agricultural Integration: Several of Neoen’s new solar facilities plan to incorporate agricultural activities, implementing agrivoltaics, where solar panels are installed in a manner that allows crops to be grown simultaneously underneath. This dual-use approach can maximize land efficiency and provide farmers with additional revenue streams, while also promoting sustainable land practices. Support for Sustainable Agriculture: The integration of solar energy generation within agricultural settings can lead to enhanced sustainability practices. For example, the shading provided by solar panels can improve soil moisture retention, potentially reducing irrigation needs, and creating a more resilient farming system in response to climate change. Climate Resilience: With increasing weather extremes, the configuration of solar projects alongside agricultural activities can enhance the resilience of farming operations. Solar energy can also support irrigation systems and other farming operations, mitigating the impact of droughts and excess rainfall. Community Engagement and Benefits: The development of these projects will likely involve community consultations and partnerships, which can lead to better local acceptance and support for renewable energy initiatives. By incorporating community input, Neoen can further align projects with local needs and expectations. Investment in Infrastructure: The commissioning of new solar plants may require enhancements to local grid infrastructure, helping to modernize and improve the reliability of the electricity distribution network in these regions. This infrastructure investment can have long-lasting benefits for energy access and efficiency. Contribution to Net Zero Goals: The increase in solar capacity significantly contributes to France's goal of carbon neutrality by 2050. By scaling up renewable energy assets, France can reduce its reliance on fossil fuels and lower greenhouse gas emissions, moving closer to international climate commitments. Showcasing Technological Advancements: Neoen’s projects may incorporate cutting-edge solar technology, including bifacial panels and advanced tracking systems, which can enhance energy yield. This can position France as a leader in renewable technology innovation, encouraging further advancements and investments in the sector.

4.9 is split in between five projects, from 3 to 39 MWp, all complying with Neoen's develop-to-own version. Totalling 39 MWp, Loirecopark, the ground-mounted