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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.

Neoen SA, a French renewable energy company, has received provisional approval for two solar projects totaling approximately 170 MWp in Ireland's latest renewable energy auction, known as RESS 4. The projects include the 29-MWp Johnstown North Solar in County Wicklow and the 141-MWp Garr Solar project in County Offaly. Neoen's bid specified 22 MW from Johnstown North and 85 MW from Garr Solar, with final results expected on September 25.The Johnstown North project is slated to become operational in 2027, while Garr Solar is projected for 2028. Both solar farms will incorporate sheep grazing to manage vegetation. This marks Neoen's third successful bid in RESS tenders, enhancing its Irish portfolio, which already encompasses three solar farms, eight operational wind farms, and additional solar capacity awarded in previous tenders. What are the implications of Neoen's successful solar bids for Ireland's renewable energy landscape? - Increased Renewable Capacity: The addition of Neoen's 170 MWp from the Johnstown North and Garr Solar projects will significantly contribute to Ireland's renewable energy capacity, helping the country meet its ambitious targets for clean energy generation by 2030.- Strengthening Energy Independence: With successful solar projects like those from Neoen, Ireland can bolster its energy independence by reducing reliance on fossil fuel imports, leading to improved energy security and stability.- Economic Growth and Job Creation: The establishment of these solar farms is expected to create local jobs during the construction and operational phases, contributing positively to the local economy in County Wicklow and County Offaly.- Biodiversity Benefits: The integration of sheep grazing as a vegetation management strategy not only enhances sustainability but also contributes to local biodiversity, offering an innovative model for land use that can be adopted by future projects.- Contribution to Climate Goals: Neoen's successful bids underscore a commitment to reducing carbon emissions in line with Ireland’s climate action plan, which aims for a reduction of greenhouse gases and an increase in renewable energy share by 2030.- Market Confidence and Policy Support: The approvals signal growing confidence in the renewable energy sector in Ireland, potentially attracting more investment and encouraging developments in technology and infrastructure necessary for further renewables expansion.- Enhanced Grid Stability: By contributing to a diversified energy mix, the additional solar projects can enhance the stability of the electricity grid, providing reliable energy supply and minimizing volatility from weather-dependent generation sources.- Catalyst for Future Projects: Neoen’s accomplishments in the RESS tenders may serve as a benchmark or catalyst for other renewable companies, inspiring new solar developments and innovations in technology and project approaches.- Collaboration Opportunities: The successful implementation of these projects may encourage collaborations between various stakeholders, including local communities, businesses, and governmental agencies, fostering a more integrated approach to renewable energy deployment.- Scaling Up Solar Adoption: With larger solar projects receiving backing, this could lead to growing public acceptance and interest in solar energy solutions, paving the way for increased adoption of smaller-scale solar initiatives across Ireland.- Impact on Local Energy Transition: Neoen's projects will likely drive discussions at the community level about local energy transition strategies, further engaging citizens in the renewable energy conversation and potentially leading to grassroots initiatives.

(6 May 2020), Neoen authorized a power acquisition arrangement (PPA) that will certainly see government-owned power firm CleanCo Queensland get power from

and Neoen are interacting to develop the 1GW Horizeo solar farm in France, which will certainly additionally include battery storage space and supply an

CSP parks to Irish solar independent power manufacturer (IPP) Amarenco Group. Neoen anticipates to obtain an internet resources gain from the sale of around EUR

project milestones helped Neoen achieve a marked profit boost in the first half of 2019, culminating in the addition of more than 1GW to its clean energy

Association (AFSIA) introduced. French renewable resource project designer Neoen is executing the project in partnership with Electricidade de Mocambique

AUD-600-million (USD 416m/EUR 409m) solar farm of French programmer Neoen SA (EPA: Neoen) is called the Western Downs Green Power Hub. According to the

tons of carbon emissions yearly. A EUR40-million loan was safeguarded by Neoen via Proparco-- the private sector funding department of the French Development

well as Environment settled its analysis of the project in January, and also Neoen's preparation application was offered the state's Independent Planning

renewable energy company Neoen SA has opened a 57.4-MW wind farm and a 52-MW/52-MWh battery energy storage system in Sweden. The Storbrannkullen wind farm,

Occitanie, which stands for an agri-solar project with sheep grazing. Neoen stated it has currently safeguarded 661.4 MWp in French federal government

offer stands for among Australia's biggest renewable energy agreements to day, Neoen stated, adding more than 30% of CleanCo's target of procuring 1GW of renewable

Reserve's (HPR) 50%, AU$ 71 million (US$ 51.9 million) storage growth is full. Neoen's HPR, likewise known as the Tesla Big Battery, is currently 50 MW/64.5 MWh