Neoen S.A. (Euronext: NEOEN) – Leading Global Independent Producer of Renewable Energy | Company Profile
Neoen S.A. is a leading global independent producer of renewable energy headquartered in Paris, France. Its core business includes the development, construction, and operation of solar, wind, and energy storage projects, with over 7 GW of operational and under-construction capacity across 15 countries in four continents. The company drives global energy transition through technological innovation and large-scale deployment.
I. Company Overview
Founded in 2008 and headquartered in Paris, France, Neoen S.A. employs approximately 186 full-time staff. As a key player in the global renewable energy sector, the company specializes in the full-value-chain operation of solar, wind, and energy storage solutions. Its business spans 15 countries including Argentina, Australia, Canada, France, Finland, and the United States. As of June 2023, its total operational and under-construction capacity reaches 7 GW, with a target to exceed 10 GW by 2025.
Official Website: https://neoen.com/en/
II. Core Business Segments
Solar Power
- Development and operation of large-scale solar power plants, with key projects including:
- France Cestas Solar Power Plant (300 MWp): The largest in Europe at its 2015 commissioning, generating 350 GWh annually to power 240,000 households in Bordeaux.
- El Salvador Providencia Solar (101 MWp): The largest solar project in Central America (commissioned in 2016), paired with the Albireo energy storage system.
- Australia Western Downs Green Power Hub (400 MWp): One of Australia’s largest solar parks, producing 1,080 GWh of electricity annually.
Wind Power
- Focus on high-wind-resource regions, with core projects including:
- Australia Hornsdale Wind Farm (316 MW): Integrated with Tesla’s energy storage system to provide grid stability services.
- Finland Mutkalampi Wind Farm (404 MW): Finland’s largest wind farm, supplying green power to Google’s data center in Hamina.
- Sweden Storbrännkullen Wind Farm (57.4 MW): A key project in Nordic clean energy development.
Energy Storage
- Development of lithium-ion battery storage networks, with landmark projects:
- Australia Victorian Big Battery (300 MW/450 MWh): One of the world’s largest batteries, providing grid frequency regulation services.
- South Australia Hornsdale Power Reserve (150 MW/193.5 MWh): The world’s first large-scale inertia service battery developed in collaboration with Tesla.
- Finland Yllikkälä Energy Storage Project (30 MW/30 MWh): The largest grid-scale energy storage facility in the Nordic region, supporting nuclear power load balancing.
III. Technical and Business Advantages
- Large-scale Development Capability: Developed 89 solar plants, 55 wind farms, and 16 energy storage projects, with capacity distributed across three geographic regions (Australia 45%, Europe/Africa 39%, Americas 14%).
- Technological Integration: Pioneered the integration of energy storage with wind and solar power (e.g., Hornsdale wind-storage project) to enhance renewable energy stability; innovative virtual battery service (Virtual Battery) business model.
- Policy-Market Synergy: Benefiting from national renewable energy targets (e.g., EU Green Deal, Australia’s emission reduction plan), signed 1 GW of corporate power purchase agreements (PPAs) in 2022, with clients including global giants like BHP and Google.
IV. Development Timeline
| Year | Key Events |
|---|---|
| 2008 | Founded with headquarters in Paris, France. |
| 2015 | Commissioned the Cestas Solar Power Plant (300 MWp), the largest in Europe at the time, marking the start of large-scale operations. |
| 2017 | Launched the Hornsdale Energy Storage Project (100 MW) in Australia, the world’s largest lithium-ion battery at the time (later expanded to 150 MW). |
| 2018 | Listed on Euronext with a market capitalization exceeding €1 billion, becoming a benchmark for France’s renewable energy sector. |
| 2020 | Began construction of the Victorian Big Battery (300 MW/450 MWh) in Australia and joined the MSCI France Small Cap Index. |
| 2021 | Raised €600 million in capital, launched the Mutkalampi Wind Farm (404 MW) in Finland, and exceeded 4.1 GW in capacity. |
| 2022 | Energy storage capacity exceeded 1 GW; signed a baseload power purchase agreement with BHP, expanding business to 15 countries. |
| 2023 | Raised €750 million in capital, launched the Collie Long-Duration Battery (197 MW/4 hours) in Australia, and reached 7 GW in capacity. |
| May 2024 | Brookfield Asset Management agreed to acquire a 53% stake, valuing the company at approximately €6.1 billion to accelerate global expansion. |
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