Neoen wins 119 MWp in solar projects in France

Paris, 7 March 2024 

Neoen wins 119 MWp in solar projects in France

•      Neoen was awarded seven ground-mounted solar projects amounting to 119 MWp in the latest call for tenders issued by the French government’s Energy Regulation Commission (CRE)

•      Following this fifth session, Neoen remains the top awardee in governmental Programmation Pluriannuelle de l'Energie PPE2 ground-mounted PV tender, with a total of 479 MWp won over the past two years.

•      It confirms Neoen’s status as leading French independent producer of renewable energy

 

Neoen (ISIN Code: FR0011675362, ticker: NEOEN), one of the world’s leading producers of exclusively renewable energy is announcing that it has been awarded 119 MWp of solar projects in the latest call for tenders held by the French government’s Energy Regulation Commission (CRE). With seven projects ranging from 5 to 30 MWp, Neoen ranks second in terms of capacity awarded in this session and remains, with 479 MWp, the top awardee for the whole PPE2 call of tenders that began two years ago.

In developing these projects, Neoen worked closely with local authorities and stakeholders in the Grand Est, Nouvelle-Aquitaine and Occitanie regions of France. The number and diversity of projects demonstrate Neoen's ability to develop ground-mounted projects across the country.

Construction of these solar plants will be carried out by French EPC experts and is expected to be phased between 2024 and 2028. It will generate direct and indirect employment and contribute to local economies.

Among the seven winning projects in the ground-mounted solar category, Lapenne (21 MWp) will be one of the first solar agrivoltaic plants in the department of Ariège. By combining sheep farming and renewable electricity production on the same site, it will ensure diversified revenue for the farmer. The project will be overseen annually by French farming institute IDELE, one of Neoen’s long-term partners.

Guillaume Decaen, French Development Director, said: “I congratulate our team for this new success and thank all our stakeholders for their confidence and support. We are proud to be the top awardee in the government calls for tenders launched in December 2021 and a major contributor to the decarbonisation of our country’s electricity.”

Xavier Barbaro, Chairman and Chief Executive Officer of Neoen, concluded: “These awards are another demonstration of our ability to develop projects that are both competitive for our clients and value creating for our shareholders. With a total of 119 MWp in this session, Neoen strengthens its position as number one independent producer of renewable energy in France, a key country for us. Thanks to the

Contact                                                           Media

 

Neoen                                                            OPRG Financial                                           

communication@neoen.com                      Isabelle Laurent                                            Fabrice Baron

                                                                        +33 6 42 37 54 17                                        +33 6 14 08 29 81

                                                                        Isabelle.laurent@oprgfinancial.fr               Fabrice.baron@oprgfinancial.fr

                          

quality of our solar, wind and storage projects, we will further accelerate our growth, in France and around the world.”

 

 

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 and supplying competitive, green, local energy on four continents. After a six-fold increase in the last six years, its capacity in operation and under construction stands at 8.0 GW.  

Neoen’s flagship operations are France’s most powerful solar farm (300 MWp) in Cestas, Finland’s largest wind farm (404 MW) in Mutkalampi, one of the world’s most competitive solar plants in Mexico (El Llano, 375 MWp) and two of the world’s most powerful large-scale storage plants, both in Australia: Hornsdale Power Reserve (150 MW/193.5 MWh storage capacity) and the 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) and on the SBF 120 and CAC Mid 60 indexes.  

For more information, see:www.neoen.com

Contact Neoen communication@neoen.com

Media OPRG Financial Isabelle Laurent +33 6 42 37 54 17 Isabelle.laurent@oprgfinancial.fr

Fabrice Baron +33 6 14 08 29 81 Fabrice.baron@oprgfinancial.fr