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Neoen and also Swedish solar programmer Alight have signed a power acquisition agreement (PPA), covering 90MW of solar, with Swedish style store H&M Group. Building is prepared for the second half of 2023, with commissioning to follow in 2025. Under the long-lasting agreement, the solar park, located in Hultsfred, Sweden, will offer H&M Group with local renewable resource and warranties of origin. The offer is the largest solar PPA got in Sweden to date, Neoen and Alight specified. Collectively established and also possessed by Neoen (majority investor) and also Alight, the project will be built using photovoltaic or pv panels to be mounted around the runway of Hultsfred airport, in the south-east of Sweden. H&M Group has set a goal to reduce the company's absolute range 1 as well as 2 emissions and its scope 3 emissions by 56% both by 2030 as well as from a 2019 standard as well as to increase the annual sourcing of renewable electrical power to 100% by 2030. As part of the business's green investments, PPAs play a "extremely vital" role in the company's climate work to achieve its targets. Ulrika Leverenz, Head of Green Investment of H&M Group, said: "We are very thrilled to see Hultsfred's solar park coming true in the future. " Company as well as countries must show management to restrict international warming to 1.5 ° C according to what the climate science urges us to do. " Power purchase agreements like this one with Neoen as well as Alight bring us one step closer to satisfy our enthusiastic climate goals and also increase the schedule of clean power in the country." At the same time, in France Neoen has actually been granted 180MW in the technology-neutral call for tenders (PPE2) held by the French federal government and also supervised by the energy regulation commission (CRE). The 180MW is split between 11 projects ranging from 12MW to 22.8 MW and Neoen is the majority shareholder of each project. The projects comprise 2 solar schemes, both located in the Grand Est region. The Isle-sur Marne (19.3 MW, Marne) as well as Morhange 2 (22.8 MW, Moselle) plants rehabilitate specifically a former quarry and also disused army land. Construction is arranged to start in 2023. Morhange 2 is an extension of Neoen's photovoltaic farm situated in the exact same district. Nine wind farm projects with combined power of 137.8 MW are included in the capacity awarded. They are located in Nouvelle-Aquitaine (Creuse, Vienne as well as Haute-Vienne), Normandie (Seine-Maritime as well as Eure), Grand Est (Ardennes), Bourgogne - Franche Comté (Yonne), and also Pays de la Loire (Sarthe). Building of the farm in Vesly (Eure, 12MW) is ready to start, while the other 8 projects, with a consolidated power of 125.8 MW, have already obtained the needed building licenses however undergo management disputes. Building can commence as soon as these treatments have run their course.

energy company Neoen has begun construction on three solar farms in Italy, with a combined capacity of 24.7 MWp. The farms, located in Lombardy and

on what, at 460MWp capability, stands to be the nation's largest solar ranch. Neoen stated that around 80% of brand-new projects over the following 5 years will

the ownership of the Lugos and also Miremont solar parks to an unnamed buyer. Neoen anticipates to obtain a net resources gain from the sale of around EUR 9

renewables firm Neoen SA has signed a long-term deal with SNCF Voyageurs, a unit of state-owned railway group SNCF, to provide green electricity for its

renewables firm Neoen SA has signed a long-term deal with SNCF Voyageurs, a unit of state-owned railway group SNCF, to provide green electricity for its

the brakes on schedules created prior to the break out. The pandemic will, Neoen stated today, impact timelines for building and construction as well as

Neoen recorded revenues of EUR109.1 million (US$ 115 million) in the opening quarter of the year, with revenue from its solar division contributing to almost half of that figure (EUR49.6 million). The appointing of the IPP's Altiplano plant in Argentina during the previous quarter, and other assets in France energised during 2021, managed to make up for the absence of irradiation in Australia during the very first quarter of 2022. Neoen's current portfolio, which includes solar PV, wind as well as power storage space assets, sits at 16.3 GW, up 2.4 GW contrasted to finish of December 2021, with 6.1 GW of projects in operation, unfinished or granted since 31 March 2022. Xavier Barbaro, CEO of Neoen, stated: "Given this portfolio and also the unstinting efforts of our teams, we are much more positive than ever before in our future growth trajectory as well as are verifying all our targets for 2022 as well as by 2025." Neoen's advice for the year is unchanged and repeats its EBITDA target for 2022 of EUR360-375 million with an EBITDA margin in between 85-90% and also a portfolio of 10GW of sustainable projects in operation or unfinished by 2025.

renewables company Neoen SA has opened a 42.7-MWp solar park in Romilly-sur-Seine, France, making it the largest solar power generation site in the Aube

get to about EUR 39 million (USD 45.7 m), leaving out funding expenses. Neoen and BNRG are setting up equity, while French bank Societe Generale SA (EPA:

(IPP) has actually existed in El Salvador given that 2014. That year, Neoen was granted an agreement to develop as well as run the 76-MW Providencia Solar

control, system toughness and also voltage control. As part of the scheme, Neoen likewise plans to mount a new switchgear, a substation with step-up power

developer Neoen wants to build an energy superpark in South Australia that comprises 1.2GW of wind, 600MW of solar and 800MW of battery storage

major hybrid renewable energy project proposed by French renewables developer Neoen has been given the green light by the South Australian state government.

Neoen has shed light on its winning project in Portugal’s head-turning solar auction this summer, a tender consultants now say illustrates a new, bolder attitude towards merchant risks. This week, the IPP explained the solar scheme it bagged a 15-year power purchase agreement (PPA) for at the July tender is now at a “very advanced stage” of development. The project – designed with a capacity of 50MVA, or 65 in MWp terms – will be deployed near the town of Rio Maior, a one hour drive north of capital Lisbon. Construction, Neoen explained, should get underway in 2021 and lead to the installation's operational launch around early 2022. According to the IPP, the project is meant to produce 130GWh every year, covering the electricity needs of a 28,000-inhabitant town. WoodMac: The potential and risks of merchant solar At €23.47/MWh (US$26.28/MWh), the tariffs scored by Neoen’s 50MW auction PPA were not the lowest in Portugal’s tender, with Akuo’s €14.76/MWh (US$16/MWh) widely seen as a global record. The IPP said its €23.47/MWh figure is “one of the highest” – the priciest PPA came in at €31.16/MWh, the tender results show – and will bring a “good level of profitability” for its scheme. The claim emerged as Wood Mackenzie consultants anticipated it will be revenues beyond auction PPAs, and not within, that will be increasingly key for solar projects going forward. "What is clear… is that in liberalised power markets, solar PV investors are ascribing ever more value to revenue streams outside of those secured through competitive auctions,” senior research analyst Tom Heggarty said in a statement on Monday. “Taking on merchant risk pre-, during or post-PPA is becoming the norm. This presents a range of new risks and opportunities,” Heggarty added. Learning the rules of the zero-subsidy game The talk around merchant risks as PPA duration and prices are squeezed is not new in the solar ranks, with many an industry debate convened in the past year to examine the issue. Firms attending Solar Media's Large Scale Solar Europe event, held in Lisbon in March, were bullish about PV's free-market potential but also wary of power pricing trends and grid bottlenecks.    At an Intersolar 2019 session attended by PV Tech, Neoen’s deputy head of financing Bastien Grandet warned of potential cannibalisation risks as technology costs continue to plummet. Grid access will be the “defining bottleneck” of zero-subsidy solar, Grandet said, adding: “We’ve yet to find a common view on how to deal with long-term merchant risks.” With a 3GW renewable portfolio in operation or under construction worldwide, Neoen entered Portugal in 2010 and has since developed 13MWp Cabrela, 9MWp Seixal and 2MWp Coruche.