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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

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

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

France's PPE2 multi-year energy procurement program. In the roof competitors, Neoen won support to set up solar PV ranges on 14 hectares (35 acres) of auto

renewable resource manufacturer Neoen has actually secured funding for its 460MWp Western Downs Green Power Hub in Australia. Situated near Chinchilla in

Neoen has actually signed power purchase agreement (PPA) with Bord Gais Energy on three solar farms in Ireland that will certainly offer power to the nationwide grid in 2022. Under an agreement running till 31 December 2037, Bord Gais Energy will be the sole off taker of the power generated from facilities in Hortland, Region Kildare, Hilltown in Region Meath as well as Millvale in County Wicklow. The 3 solar farms are already unfinished as well as will certainly have an ability of 58MW. The centers will be amongst the earliest utility range solar plants in Ireland as well as succeeded in the initial public auction of the Irish Government's Renewable Electrical energy Assistance Plan (RESS 1) in 2020. Neoen is among the globe's leading and also fastest expanding independent producers of solely renewable resource with over 4.8 GW of solar, wind and also storage space capacity in operation or under construction worldwide. Handling director of Bord Gais Energy Dave Kirwan said: "At Bord Gais Energy, we fully sustain the government's target of reaching 80% renewable resource by 2030. " We're dedicated to growing our renewable energy portfolio as well as on assisting our consumers shift affordably to a reduced carbon future. " This long-lasting collaboration with Neoen will certainly boost the quantity of renewable resource supply we can use our customers." Bord Gais Energy's current eco-friendly supply portfolio remains in unwanted of 230MW (wind manufacturing), which powers circa 73,000 houses. Earlier this year, Bord Gais Energy introduced a collaboration with Obton, powered by Shannon Energy, to handle 118MW of power from 11 solar farms, powering around 20,000 homes across Ireland.

project, the business's first in the North American country, is fully had by Neoen. German company Goldbeck Solar GmbH has been selected as the turnkey

Neoen has actually begun the building of among Portugal's largest solar parks, with a capacity of 272MW. The park will certainly make up 2 contiguous solar farms, which are the 68MW Torre Bela Solar Farm, totally possessed by Neoen, and the 204MW Rio Maior Solar Farm, owned in partnership with Mood Power. The facility lies at Herdade da Torre Bela, in the municipality of Azambuja, 70 km north of Lisbon and attached to the REN substation, in Rio Maior, using a 400 kV overhead line. Aldesa, one of the biggest construction teams in Spain, has actually been given notice to proceed under an Engineering, Procurement and Construction complete agreement. The commissioning of the solar park is scheduled for early 2024. Some 80% of the renewable energy created will certainly be purchased by the Portuguese State, under two 15-year power purchase agreements (PPA) granted under the 2019 sustainable capacity public auction. The PPAs are anticipated to begin throughout 2025. The remaining power and certifications of beginning will certainly be sold on the electricity market. The solar park will certainly be constructed in plots with a typical size of 20 hectares, separated by green corridors to enhance connections in between almost 200 hectares of biodiversity defense locations. Over 6000 cork oaks, a protected tree varieties in Portugal, will certainly be preserved in these secured spaces. A tree as well as hedge drape will secure the panels from view, to make sure that the solar farms assimilate with the bordering landscape. Bernardo dos Santos, Managing Director of Neoen Portugal, said: "It gives us terrific contentment to see the Rio Maior and Torre Bela solar farms get off the drawing board: their construction will certainly bring Portugal closer to its purpose of achieving internet zero exhausts by 2050. " I want to give thanks to the Ministry of Environment and Climate Action and all public establishments for their support over the past years. " We would certainly likewise like to thank individuals and also local government in the bordering community that have actually championed the project as well as the advantages it will certainly bring."

Neoen has been granted a 250MW grid solutions contract with the Australian Energy Market Operator (AEMO) enabling it to wage the following stage of a prepared 300MW battery in Victoria. The AEMO tender was started by the Victorian Government. The Victorian Big Battery will certainly aid to "modernise as well as stabilise" the grid in Victoria and will be "instrumental" in helping the state reach its 50% renewables by 2030 goal, Neoen claimed. The Victorian Big Battery, anticipated to be functional by the end of 2021, will certainly turn into one of the globe's biggest batteries at double the size of Hornsdale Power Reserve in South Australia, also possessed and operated by Neoen. It will certainly be supplied along with Tesla, and also network partner AusNet Services. The 300MW/450 megawatt-hour Victorian Big Battery will lie alongside Moorabool Terminal Station in Geelong, Victoria. Grid solutions the battery will supply under contract to AEMO consist of the System Integrity Protection Scheme (SIPS), which will run until 2032 as well as is the outcome of the SIPS 2020 purchase procedure started by the Victorian Government. The battery will certainly unlock as much as an additional 250MW of peak ability on the existing Victoria to New South Wales Interconnector (VNI) over the following decade of Australian summers. Under the contract, the battery will offer an automatic response in case of an unexpected network interruption, supplying AEMO with an added ways of guaranteeing grid stability. The battery will certainly also take part in the National Electricity Market as well as assistance enhanced infiltration of renewables in Victoria via network solutions such as fast frequency control. The battery will bring about over 80 building jobs and also six full time long-term jobs. Where possible, regional suppliers will certainly be gotten, with AusNet currently having sourced the project's power transformers from Melbourne-based Wilson Transformer Company. Regional area structure and education initiatives will certainly likewise be sustained across the project's lifetime via a Community Benefit Fund. Neoen Australia taking care of supervisor Louis de Sambucy stated: "We are delighted to have won the SIPS agreement and wish to give thanks to AEMO and the Victorian Government for putting their rely on us. " We are looking forward to working once again with Tesla and AusNet to supply this world-leading battery storage space facility over the coming months. We are very honored to be releasing a project of this range and also innovation in support of Victoria's tidy energy change." Lily D'Ambrosio, Minister for Energy, Environment as well as Climate Change, claimed: "By safeguarding one of the biggest batteries on the planet, Victoria is taking a decisive action away from coal-fired power and accepting new innovations that will certainly open much more renewable energy than ever."

Neoen has actually introduced that it has achieved economic close on the Victorian Big Battery, a 300 MW/ 450 MWh battery storage space center located near Geelong, in Victoria. The project will be supplied in partnership with Tesla as well as network companion AusNet Provider. Had and operated by Neoen, the Victorian Big Battery will certainly be one of the largest batteries in the world, giving stability to Victoria's transmission network. Xavier Barbaro, Neoen's Chairman as well as President said "we are thrilled to be developing our 2nd big battery in Australia. The Victorian Big Battery once again demonstrates the value of cutting-edge services that Neoen is proud to be introducing. At 300 MW, it will be among the largest batteries on the planet, taking our overall capability in operation or incomplete in Australia to over 1.8 GW, as well as bringing us one step more detailed to our worldwide target of 5 GW by the end of 2021." Financing of the Victorian Big Battery was completed simply 3 months after Neoen secured a 250 MW grid services contract with AEMO. The project will be funded by a mix of equity given by Neoen and also AUD 160 million elderly debt facility supplied by the Clean Energy Finance Corporation (CEFC), in support of the Australian Government. Building and construction has actually already started, supplying a well-timed financial boost for the Geelong region, with the project on track to be provided prior to the following Australian summer. The System Integrity Protection Scheme (SIPS) contract will run until 2032, unlocking as much as 250 MW of additional peak capability on the existing Victoria to New South Wales Interconnector (VNI) over the next years of Australian summers. Under the agreement, the battery will give an automatic response in case of an unexpected network failure, providing AEMO with an added resource to ensure grid stability. Energy storage is a priority innovation under the Australian Federal Government's Modern technology Investment Roadmap, as an enabler of economical and trusted low exhaust electrical energy. The Victorian Big Battery will certainly contribute to the dispatchable sources required to underpin the increasing share of renewable energy that will certainly make up Australia's future energy mix. Ian Learmonth, Clean Energy Finance Corporation CEO claimed "the CEFC is excited to finance the Victorian Big Battery, a first-rate instance of just how utility-scale batteries can assist power networks sustain a greater infiltration of renewable energy. The battery will provide grid support services when it is under pressure, enabling authorities to increase the capacity of the VNI by up to 250 MW. With even more power moving between the states, including during the peak summertime period, the battery will contribute to grid dependability and security. We are delighted to function together with Neoen and Tesla again, after aiding fund the growth of the Hornsdale Power Get in South Australia in 2020."