Neoen

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Neoen is a renewable energy company headquartered in Paris, France. It owns and operates solar and wind farms in 13 countries on four continents.

Activities[]

Neoen is mainly active in the solar power (59% of portfolio) and wind power (39%) sectors, for a total of 1 125 MW ′in operation or under construction′ in April 2017.^[2] It built Cestas Solar Park in Cestas, France, the biggest solar farm in Europe when it opened in 2015.^[2] · ^[3]

Abroad, the company owns and/or operates many wind and solar plants. It built the 315 MW Hornsdale Wind Farm^[4] with a 150 MW battery in South Australia. In 2020, it won a $84 million contract for a 300 MW battery in Victoria, Australia,^[5][6] with consumers benefitting $220 million.^[7] Construction started in December 2020.^[8]

History[]

The company was funded in 2008 as a subsidiary of the French electricity reseller Direct Énergie.^[9] Later, it was bought by Impala SAS, currently main stockholder, and , which owned 24% of the stock.^[2] The company entered Euronext in October 2018, collecting 450 million euros and becoming the first French unicorn in the renewable energy field.^[10] In 2019, Neoen reported that its shares are held 50.1% by Impala, 7.5% by (FSP, a collective investment fund controlled by French insurance companies), 5.9% by Bpifrance, the French national investment bank, 3% held by management, and 33.5% is free float in the market.^[11]

Power stations[]

As of September 2019, Neoen said it owns 39 solar power plants (total 1900 MWp), 21 wind power plants (803 MW) and 5 grid energy storage plants (135 MW) including the world's largest, the Hornsdale Power Reserve in Australia.^[12]

References[]

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