NEOEN SA (EPA:NEOEN) - Neoen awarded 14-year contract for 100 MW in Australian Capital Territory Renewables Auction

Transparency directive : regulatory news

08/09/2020 07:40

Media Release

Sydney & Paris, September 8, 2020

Neoen awarded 14-year contract for 100 MW in Australian Capital Territory
Renewables Auction

* Neoen has been awarded a 14-year contract to supply 100 MW of wind energy
from Stage 1 of its Goyder Renewables Zone in an Australian Capital Territory
(ACT) Government renewables auction.
* As per the contract, Neoen will also build and own a battery storage facility
of at least 50 MW in Canberra, Australia's capital, in which residents of the
ACT and Capital Region will have the opportunity to invest
* Both projects assist the ACT in strengthening its global leadership position
as a 100% renewable energy jurisdiction striving for net zero emissions by
2045
* To advance the ACT's renewable energy sector, Neoen, in partnership with
Canberra Institute of Technology, will co-develop courses in cyber security for
renewables, Indigenous land care, and hydrogen

Neoen (ISIN: FR0011675362, Ticker: NEOEN), one of the world's leading and
fastest-growing producers of exclusively renewable energy, has been awarded a
14-year contract for the first 100 MW of wind energy from Neoen's Goyder
Renewables Zone located in South Australia after winning the highly competitive
process.

The Australian Capital Territory (ACT) is an internationally recognised 100%
renewable electricity jurisdiction, focused on reaching net zero emissions by
2045. This is Neoen's fourth ACT Government contract, reinforcing its position
as a major long-term partner in the territory's low carbon transition, and one
of Australia's leading renewable energy companies.

Under the new contract, the ACT will be supplied from Stage 1 of the Goyder
wind farm, part of Neoen's Goyder Renewables Zone in South Australia. Goyder
will leverage the exceptional wind and solar renewable resources of the area
and deliver a significant economic boost to the local community. Goyder
continues to proceed through its formal development approval process and is
expected to commence construction in 2022 for the first stage.

As part of the tender selection process, Neoen has committed to go beyond the
base requirements on the tender process and build a battery storage facility
with a capacity of at least 50 MW in the nation's capital to support and
stabilise ACT's electricity grid. The battery will be open to community
co-investment, providing residents of the ACT and Capital region with an
opportunity to become financial stakeholders in the project.

Since winning the ACT's first wind auction in 2015, Neoen has played a pivotal
role in developing Canberra's renewable energy sector and this contract will
see Neoen continue to deliver a range of local industry development
initiatives. Taking its existing partnership with Canberra Institute of
Technology's Renewable Energy Skills Centre of Excellence to the next level,
Neoen will co-develop programs in cyber security for renewables, Indigenous
land care and hydrogen. Work will also commence with ANU (Australian National
University) on an industry-leading research project focused on grid-scale
battery performance optimisation, as well as a feasibility study for a solar
panel and/or battery recycling facility.

Louis de Sambucy, Neoen Australia's Managing Director said: "We are delighted
to have been awarded another highly prized long-term contract with the ACT
Government, and we are proud to be playing such a major role in helping the
nation's capital maintain its 100% renewable electricity target. With over half
of Neoen's team working from our Canberra office, it is a 'home win' and we
look forward to deepening our commitment and contribution to the ACT's energy
system and inviting the community to invest alongside us. The Goyder Renewables
Zone that supports this contract is a landmark project that will not only
provide a significant boost to the South Australian economy but will also allow
all Canberrans to benefit from clean, reliable and affordable electricity."

Shane Rattenbury, Minister for Climate Change and Sustainability for the ACT
said: "The ACT has been an Australian leader in being powered by 100% renewable
electricity and we are using reverse auctions like this to make sure we
continue this as our city expands and our power consumption increases. The
batteries will also help support the territory's own grid, particularly
providing power to help avoid blackouts during periods of high demand and when
large fossil fuel generators fail in heatwave conditions."

Xavier Barbaro, Neoen's Chairman and Chief Executive Officer said: "Our
Australian story began in the ACT and this fourth contract underscores our
extraordinary track record in being able to deliver competitive pricing and
build robust, innovative projects. We are currently managing all of our
Australian assets, including the world's first big battery, from our Canberra
office, and will continue to apply these learnings across Neoen's growing
Australian and international portfolio."

About Neoen

Neoen is one of the world's leading and fastest growing independent producers
of exclusively renewable energy. With a capacity of more than 3 GW in operation
or under construction, Neoen is a high-growth company. Neoen is notably active
in Argentina, Australia, El Salvador, Finland, France, Ireland, Jamaica,
Mexico, Mozambique, Portugal and Zambia. In particular, Neoen operates France's
most powerful solar farm (300 MWp) in Cestas, and the world's first big battery
(150 MW storage capacity) in Hornsdale, Australia. Neoen is targeting at least
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

OPRG Financial

Isabelle Laurent
+33 1 53 32 61 51
Isabelle.laurent@oprgfinancial.fr

Fabrice Baron
+33 1 53 32 61 27
Fabrice.baron@oprgfinancial.fr

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NEOEN SA (EPA:NEOEN) - Neoen awarded 14-year contract for 100 MW in Australian Capital Territory Renewables Auction

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