on NEOEN SA (EPA:NEOEN)
Neoen Signs Corporate PPA with SNCF Energie for 139 MWp of Solar Energy
Neoen, a leading producer of renewable energy, has signed a 25-year power purchase agreement (PPA) with SNCF Energie. Under this agreement, SNCF Energie will purchase 139 MWp of solar energy produced by the Le Couret agrisolar farm in Haute-Vienne, France. The solar farm is 100% owned by Neoen and will be its second-largest asset in France.
The project, which operates on Neoen’s develop-to-own model, aims to be commissioned by 2028. The energy produced will supply the high-speed Paris-Marseille train line. The solar farm will combine renewable energy production with sheep farming over 150 hectares.
Guillaume Decaen, Neoen’s French Development Director, expressed pride in pioneering agrisolar projects. SNCF officials highlighted their strides towards renewable energy and efficiency, anticipating the project to support their energy goals.
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