Neoen wins 104.4 MWp of new solar projects in France

Paris, 20 December 2023

Neoen wins 104.4 MWp of new solar projects in France 

•      These projects were awarded as part of the most recent PPE2 call for tenders issued by the French energy regulator, the CRE 

•      Awarded a total of 104.4 MWp, Neoen is currently the number one awardee in the CRE5 round in the ground, building and technology-neutral categories

•      Three out of the four projects are agrivoltaic 

•      With these new successes, the total capacity of the solar and wind projects awarded to Neoen in French government tenders this year amounts to 475.5 MWp

Neoen (ISIN Code: FR0011675362, Ticker: NEOEN), the leading French independent producer of exclusively renewable energy, announces that it has been awarded 104.4 MWp of solar projects in the latest call for tenders issued by the French government’s Energy Regulation Commission (CRE PPE2). Consistently among the top winners of CRE calls for tenders in the ground, building and technology-neutral categories, Neoen is currently the number one awardee in the CRE5 round.

The four projects range from 14.4 to 30 MWp and are 100% owned by Neoen. The plants are expected to be commissioned between 2025 and 2028. Once operational, the four photovoltaic power plants will produce the equivalent of the annual electricity consumption of at least 50,000 people in France (heating included). 

In Geloux (Landes), where Neoen has been operating a 7.2 MWp solar farm since 2014, the local authorities have entrusted Neoen to develop a second 14.4 MWp solar farm on forestry plots belonging to the municipal council. The three other winning projects are agrivoltaic parks and will combine sheep farming and solar power generation on the same site. 

•      The Brisanne solar farm (30 MWp) in Mayenne is one of the first agrisolar projects in the department. It will safeguard the sheep farming activity and allow the creation of a second full-time farmer job. Annual monitoring of the site will be handled by the Institut de l’Elevage (IDELE), with whom Neoen has been working for several years now.

•      In the Villegongis project (Indre, 30 MWp), 60 hectares of land will be used by a sheep farmer with a flock of around 250 sheep. Neoen has also signed a partnership with the Naturapolis agricultural college in Châteauroux to promote agrivoltaism and offer young farmers the chance to work on the agrisolar projects in its portfolio.

•      In Réchicourt-le-Château in Moselle, the 30 MWp agrisolar project has been developed by Neoen since 2019, working closely with farmers, local authorities and experts from the Fédération Nationale Ovine. 

Guillaume Decaen, French Development Director of Neoen, said: “This latest achievement testifies to the quality of our projects and, more especially, to the relevance of our agrivoltaic model developed since 2017. I would like to thank our team for their tremendous work, which has helped us secure half a gigawatt in French government tenders this year. This is a record for Neoen in France, and it is most certainly a record in France for an independent developer. We intend to continue our winning ways in the coming years!” 

Xavier Barbaro, Chairman and Chief Executive Officer of Neoen, concluded: “We are proud to rank among the top players again and to strengthen our position as number one independent in France. Because Neoen develops its own projects, they are highly competitive and intrinsically create real value. The prospects for Neoen in France and across all our geographies are extremely promising and more than ever, Neoen is proving to be a forceful player in its industry.”

About Neoen

Founded in 2008, Neoen is one of the world’s leading independent producers of exclusively renewable energy. With proven expertise in solar power, wind power and storage, the company plays an active role in the energy transition by producing competitive, green, local energy on four continents. After a six-fold increase in the last six years, its capacity in operation and under construction now stands at 7.2 GW.

Present on four continents, Neoen’s main assets include the largest solar farm in France (Cestas, 300 MWp), the largest wind farm in Finland (Mutkalampi, 404 MW), one of the most competitive solar power plants in the world in Mexico (El Llano, 375 MWp), and two of the largest large-scale storage power plants in the world, both based in Australia (Hornsdale Power Reserve, 150 MW/193.5 MWh and Victorian Big Battery 300 MW/450 MWh).

A high-growth company, Neoen is targeting 10 GW in operation or under construction by the end of 2025. Neoen is listed in Compartment A of Euronext’s regulated market in Paris (ISIN code:  FR0011675362, Ticker:  NEOEN) on the SBF 120 and CAC Mid 60 indexes.

For more information: www.neoen.com