Construction of the project at Hultsfred airport in Sweden is planned for the second half of 2023 Neoen and Swedish solar developer Alight have signed a power purchase agreement (PPA), covering 90MW of solar, with Swedish fashion retailer H&M Group. Construction is planned for the second half of 2023, with commissioning to follow in 2025. […]
Neoen energy storage revenue surges amid new project commissioning – EQ Mag Pro
Neoen recorded a near three-fold increase in revenue from its energy storage segment in Q1 2022. The independent power producer (IPP) recorded total revenues of €109.1 million (US$115 million) in the opening quarter of this year, its battery storage revenue climbing to €14 million. Neoen said the rise in revenue was mainly attributable to the […]
Australia’s biggest battery drives revenue boost for Neoen as solar shaded – EQ Mag Pro
The start of operations at Australia’s biggest battery – the 300MW/450MWh – has delivered a near three fold boost in storage revenue in the first quarter of 2022 for Neoen, and contributed to record quarterly sales for the company. The VBB began operating late last year – on schedule, despite a fire in one of […]
Neoen innovates with grid-scale virtual battery offer, inking the first contract with AGL for 70 MW – EQ Mag Pro
Neoen inks an innovative 7-year virtual battery agreement with AGL Energy, a leading Australian energy generator and retailer, for a capacity of 70 MW in Australia’s New South Wales region. The offtake gives AGL Energy the ability to hedge its customer load by virtually charging and discharging a battery of 70 MW as and when […]
Neoen sees bigger appetite for renewables as Europe shuns Russian power – EQ Mag Pro
The European Union has announced plans to expand its clean energy capacities as it looks to cut dependency on Russian gas by two-thirds this year, following Russia’s invasion of Ukraine and piling Western sanctions…Read More… Source: PTI
Neoen wins another 92.5 MWp in solar projects in France – EQ Mag Pro
Neoen (ISIN Code: FR0011675362, ticker: NEOEN), one of the world’s leading producers of exclusively renewable energy is announcing that it has been awarded 92.5 MWp in the latest call for tenders for ground-based solar farms held by the French government (“PPE2”). The 92.5 MWp is broken down into seven projects ranging from 4.7 to 30 […]
Australia sues Neoen for lack of power from its Tesla battery reserve – EQ Mag Pro
On-demand power from storage is critical for preventing blackouts in Australia which is increasingly dependent on wind and solar farms from which energy is not always available MELBOURNE: Australian Energy Regulator (AER) has filed a lawsuit against Neoen SA, saying the French firm’s Tesla “Big Battery” in South Australia did not provide backup power during […]
Neoen Starts Construction of Kaban Green Power Hub in Australia
Neoen, a producer of exclusively renewable energy, has provided notice to proceed to wind turbine manufacturer and principal contractor, Vestas, signalling the start of construction of Kaban Green Power Hub in Far North Queensland, Australia. The project is expected to start operating in 2023. Kaban Green Power Hub is an AU$373 million investment designed to […]
South Australia gov’t welcomes approval for AU$3 billion wind-solar-storage project
The Victoria Big Battery: a 300MW battery storage project Neoen is developing in Australia. South Australia’s government has welcomed the granting of planning approval for the first phase of a AU$3 billion (US$2.32 billion) large-scale hybrid renewable energy project in the state’s Goyder region. Developer Neoen is building what it has dubbed the ‘Goyder Renewables […]
Engie, Neoen Plan $1.2 Billion Solar, Storage Project in France
Engie SA and Neoen SA are planning to invest about 1 billion euros ($1.2 billion) to build one of the largest solar farms in the world in southeastern France. While the French utilities’ project may be still three years away from construction, it’s another sign that solar power is increasingly competitive in Europe, where governments […]