With 66 MW, Neoen won the largest share of the capacity awarded in the French
government's latest call for tenders
Neoen (ISIN Code: FR0011675362, ticker: NEOEN), the leading independent French
producer of exclusively renewable energy, and among the most dynamic in the
world, announces that it was awarded the largest share of the French state's
call for tenders in bi-technology projects involving solar and wind power.
Neoen's five solar power projects total 66 MW, a third of the capacity awarded.
All five are 100% owned by Neoen, in accordance with the company's policy.
This continued success reinforces Neon's position as number one independent
producer of solar power in France with projects that are economically
competitive, in harmony with local communities and rich in innovation.
Xavier Barbaro, Chairman and CEO of Neoen, states: "We are grateful to
environment minister François de Rugy, for choosing Neoen. By offering
electricity below grid parity, our projects meet the goals outlined by the
French President Emmanuel Macron - to reduce energy bill, reduce carbon
emissions and increase the share of green energy in France. This latest award
increases our portfolio of secured projects and further boosts our confidence
in meeting our goal of at least 5 GW in operation and under construction by
The year 2018 has been particularly rewarding for Neoen's photovoltaic business
in France. To date, not counting the five projects just awarded, the company
has launched ten projects for ground-mounted solar panels and sunshades
totaling 85 MW. The projects are located all over France, proof that Neoen
works hand-in-hand with local authorities to develop competitive projects that
blend with their environment. Neoen intends to pursue growth in France with the
same enthusiasm and precision over the next few years.
Founded in 2008, Neoen is the leading independent French producer of
exclusively renewable energy (IPP), and among the most dynamic in the world.
With a current capacity of more than 2 GW already in operation or under
construction, and a further 1 GW of projects formally awarded and secured,
Neoen has doubled its size in over just 18 months. Neoen is active in France,
Australia, El Salvador, Zambia, Jamaica, Portugal, Mexico, Mozambique, Finland
and Argentina and has assets in more than 15 countries. It operates Europe's
most powerful solar PV farm (300 MW in Cestas, France) and the world's largest
lithium-ion power reserve in Hornsdale, Australia (100 MW/129 MWh storage
capacity). At the end of 2017, Neoen won one of the largest (375 MW) and the
most competitive solar project in Mexico. Neoen is aiming for more than 5 GW
capacity in operation and under construction by 2021. Neoen (ISIN Code:
FR0011675362, ticker: NEOEN) is listed since October 2018 on the Compartment A
of the regulated market of Euronext Paris.
For more information: www.neoen.com
T: +33 6 86 72 53 31