NEOEN SA (EPA:NEOEN) - Neoen wins 45 MW of solar projects in France

Transparency directive : regulatory news

05/03/2019 08:51

COMMUNIQUÉ DE PRESSE

Paris, 5th March 2019

Neoen wins 45 MW of solar projects in France

Neoen (ISIN Code: FR0011675362, Ticker: NEOEN), France's leading independent
producer of renewable energy, and one of the fastest-growing worldwide, has
announced that it has been awarded a total of 45 MW of projects in the latest
government auction for ground-mounted PV projects (the so-called CRE 4.5 -
Commission de Régulation de l'Energie). The 45MW total is spread over 5
wholly-owned Neoen projects, in line with the company's business model.

The five successful projects will be located in the Tarn-et-Garonne, Moselle,
Meurthe-et-Moselle, Allier and Landes départements. Financing through
non-recourse project debt on particularly attractive terms has already been
secured. Three of the projects will also use local crowdfunding. Two of them
will contribute to the rehabilitation of downgraded land. Lastly, construction
on three of the projects will begin this year.

Xavier Barbaro, Neoen's Chairman and Chief Executive Officer, noted: "In once
again winning in this auction, Neoen has further strengthened its position as
France's leading independent solar power company and has demonstrated its
desire to continue to make this country a major market for our strategic
development. Offering electricity produced at close to grid parity, our
projects fit perfectly with the government's targets as re-confirmed in January
this year in the Programmation Pluriannuelle de l'Energie (PPE - Multi-year
Energy Framework). This latest success will expand our portfolio of secured
projects. Neoen will continue to pursue the development of new projects in
France with the same enthusiasm and rigour over the coming years."

About Neoen

Founded in 2008, Neoen is France's leading and one of the world's most dynamic
independent producers (IPP) of renewable energy. 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, Mexico, El Salvador,
Argentina, Zambia, Jamaica, Portugal, and Finland 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 targeting 5 GW capacity in operation and under construction by 2021. Neoen
(ISIN Code: FR0011675362, ticker: NEOEN) is listed since October 2018 on the
Compartiment A of the regulated market of Euronext Paris.

For more information: www.neoen.com

Investors
Neoen

Axelle Vuillermet
T: +33 7 77 68 62 34
axelle.vuillermet@neoen.com

Press
Havas Paris

Camille Houel
T: +33 6 44 34 40 81
camille.houel@havas.com

Individual Shareholders
NewCap.

Mathilde Bohin
T: +33 1 44 71 94 95
mbohin@newcap.fr

NEOEN SA 's latest news

23/04/2024 18:30

NEOEN SA (EPA:NEOEN) - Neoen wins 45 MW of solar projects in France

Transparency directive : regulatory news

NEOEN SA 's latest news

Other stories