NEOEN SA (EPA:NEOEN) - Neoen wins 66 MWp in solar projects in France
Transparency directive : regulatory news
03/04/2020 08:09
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Pres release
Paris, April 3, 2020
Neoen wins 66 MWp in solar projects in France
Neoen (ISIN: FR0011675362, Ticker: NEOEN), one of the world's leading and
fastest-growing producers of exclusively renewable energy is announcing that it
has been awarded 66 MWp in the call for tenders for ground-based solar farms
held by the French government ("CRE 4.7"). This capacity is spread across six
projects, from 3 to 28 MWp. The projects are owned by Neoen, in line with its
develop-to-own business model, and two of them will have their capital open to
crowdfunding.
The six successful projects are located in the French départements of
Charente-Maritime, Dordogne, Gard, Indre, Landes and Maine-et-Loire. They
demonstrate Neoen's ability to develop projects throughout different regions of
France. The commissioning of the assets will take place between the end of 2021
and the beginning of 2022.
A majority of them (four out of six) will contribute to the rehabilitation of
degraded sites. This illustrates Neoen's willingness to develop its projects
primarily on wasteland or degraded land.
Xavier Barbaro, Neoen's Chairman and Chief Executive Officer, commented: "With
its success in this latest call for tenders, Neoen has once again consolidated
its position as the leading independent solar player in France. Since 2017, we
have been awarded nearly 350 MWp in solar projects in governmental calls for
tenders. With a success rate of 97% of projects submitted, we demonstrate our
ability to carry out projects in close collaboration with local players,
elected officials and owners, who play a major role in their realization. This
new success expands our portfolio of already secured projects. Neoen will
continue with the same enthusiasm and rigor to develop new projects in France
in years to come."
About Neoen
Neoen is one of the world's most dynamic independent producers of renewable
energy. With a capacity close to 3 GW in operation or under construction, Neoen
is a high-growth company. Neoen is notably active in France, Australia, Mexico,
El Salvador, Argentina, Finland, Portugal, Ireland, Zambia, Jamaica and
Mozambique. In particular, Neoen operates France's most powerful solar farm
(300 MWp) in Cestas, and the world's largest lithium-ion power reserve (150
MW/193.5 MWh storage capacity) in Hornsdale, Australia. Neoen is targeting more
than 5 GW capacity in operation or under construction by end of 2021. Neoen
(ISIN Code: FR0011675362, ticker: NEOEN) is listed in Compartment A of the
regulated market of Euronext Paris.
For more information: www.neoen.com
Contact
Neoen
communication@neoen.com
Press - Havas
neoen@havas.com