NEOEN SA (EPA:NEOEN) - Neoen wins 81.6 MWp in solar projects in France

Transparency directive : regulatory news

17/02/2021 17:56

MEDIA RELEASE

Paris, 17 February 2020

Neoen wins 81.6 MWp in solar projects in France

* Neoen wins 73.6 MWp in solar projects in French government tender (CRE 4.9)
* This is in addition to the 8 MWp awarded in December for a related tender
(CRE Innovation)

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 81.6 MWp in the call for tenders for ground-mounted solar
farms held by the French government (CRE Innovation and CRE 4.9).

The 73.6 MWp won in CRE 4.9 is split between five projects, from 3 to 39 MWp,
all following Neoen's develop-to-own model.

Totalling 39 MWp, Loirecopark, the ground-mounted solar park in the Sarthe
département located on land belonging to a consortium of local authorities
will be one of Neoen's largest in France. The park will help restore former
military land that has suffered from chemical pollution. When it opens in late
2022, the plant will produce enough green electricity to supply 26,000
people.

The four other winning projects are located in Haute-Vienne, Ain and Calvados,
demonstrating Neoen's ability to develop projects throughout France. The
commissioning of the assets will take place between the end of 2022 and the
beginning of 2023. Three of these projects are ground-mounted solar parks, like
Loirecopark, and will also be rehabilitating degraded land, a priority for
Neoen. The fourth project, which will be open to crowd investment, is a solar
car-park shelter.

Two other projects won the CRE Innovation tender in December, for a total of 8
MWp. An innovative predictive maintenance system will be used for both
ground-mounted plants, with automatic detection and assessment of faults of the
solar panels. The first (5 MWp), in Portets, southwest France will be located
on the site of a former quarry while the other (3 MWp) at
Saint-Priest-la-Prugne, Loire, will rehabilitate the site of a former uranium
mine.

Neoen has won 364.6 MWp of solar power in the last nine CRE tenders, which
represents a total investment of over 300 million euros. Almost two-thirds of
the capacity awarded will be produced on degraded land or car-park shelters;
183 MWp is already in operation or under construction.

The 364.6 MWp won in the various stages of CRE 4 and the 8 MWp awarded in the
CRE Innovation add to the 66 MWp from the 2018 CRE Bi-technologique, in which
Neoen won the lion's share. In four years, Neoen has won some 438.6 MWp in
French government tenders.

Xavier Barbaro, Neoen's Chairman and Chief Executive Officer: "Our continued
success is a sign that our strategy is relevant and our projects attractive. I
would like to thank our staff in Aix-en-Provence, Bordeaux, Nantes and Paris
for their commitment to the development of solar parks across France. As the
number one independent solar power player in France, Neoen is proud to play an
active role in making zero-carbon a larger part of the French energy mix."

About Neoen

Neoen is one of the world's most dynamic independent producers of exclusively
renewable energy. With a capacity close to 3.6 GW in operation or under
construction, Neoen is a high-growth company. Neoen is notably active in
France, Argentina, Australia, Finland, Ireland, Jamaica, Mexico, Mozambique,
Portugal, El Salvador and Zambia. 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: FR0011675362, Ticker: Neoen) is listed in
Compartment A of Euronext's regulated market in Paris.

More details at: 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

NEOEN SA 's latest news

23/04/2024 18:30

NEOEN SA (EPA:NEOEN) - Neoen wins 81.6 MWp in solar projects in France

Transparency directive : regulatory news

NEOEN SA 's latest news

Other stories