In a strategic move within the renewable energy sector, Brookfield Asset Management Inc. (NYSE: BAM, TSX: BAM), along with its institutional partners including Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) and Temasek, through Brookfield Renewable Holdings, has initiated exclusive negotiations to acquire a 53.32% shareholding in Neoen (ISIN code: FR0011675362, Ticker: NEOEN). The parties […]
Neoen, a global leader in renewable energy production, has officially commenced the construction of the Isbillen Power Reserve project, marking a significant milestone in the renewable energy sector. Following a turnkey Engineering, Procurement, and Construction (EPC) contract signed with battery storage expert Nidec in December 2023, Neoen has given the full notice to proceed, signaling […]
Renewable energy solutions provider Vestas has been awarded an engineering, procurement, and construction (EPC) order for two wind projects, Lumivaara and Storbötet, with a combined capacity of 161MW. The wind projects are a joint venture between Neoen and Prokon and are located in Finland. The Storbötet wind farm, situated in the municipality of Uusikaarlepyy, will […]
Neoen, a French renewable energy producer, has moved ahead with the first tranche of 209MW of its Goyder South Stage 1 wind farm in Australia, following the completion of the financial close last month. Situated near Burra in the Mid North region of South Australia, the Goyder South Stage 1 wind farm will have a […]
Neoen said that electricity retailer Flow Power has agreed to buy 40MW of energy produced by its Goyder South Stage 1 wind farm in South Australia under a 10-year power purchase agreement (PPA). Goyder South Stage 1 represents the first stage of Neoen’s Goyder Renewables Zone hybrid wind, solar, and storage project to be developed […]
Neoen has started full-scale commercial production of the Bulgana Green Power Hub, a hybrid power plant in Victoria that comprises a 204MW wind farm and a 20MW/34MWh Tesla battery. According to the French renewable energy company, the hybrid power plant located in Stawell can produce 750,000MWh of power annually, which can power nearly 150,000 homes. […]
French renewable energy company Neoen has broken ground on the 157MW Kaban Green Power Hub, a renewable energy project being developed with an investment of AUD373 million ($287.63 million) in Australia. The renewable energy project will comprise a 157MW wind farm and a 320km transmission line upgrade aimed at strengthening the network in Far North […]