Big week for Neoen, Australia’s big battery daddy
French company Neoen has seen its storage revenue “more than tripled” as a result of its recently commissioned Victorian Big Battery coupled with Australia’s energy crisis. In other news, the company signed a 10 year power offtake agreement with Flow Power for its “flagship” Goyder Renewables Zone project in South Australia.
Victorian Big Battery drives major revenue jump for Neoen
The 300MW/450MWh Victorian big battery has proven a financial winner for French renewable power producer Neoen which has reported its first-quarter revenue has jumped by more than one third.
First grid-scale ‘virtual battery’ contract signed between Neoen and AGL
French renewable developer Neoen has signed a seven year agreement with energy giant AGL to provide 70 MW / 140 MWh of ‘virtual battery capacity’ in New South Wales.
Neoen achieves solid increase in results and targets, releases 2021 full year results
▪ Revenue up 12% to €333.6 million (AU$508 million)
▪ EBITDA1 up 11% to €300.4 million, in line with the target announced
▪ Operating income up 20% to €171.2 million and net result Group share of €41.0 million
▪ 0.9 GW in capacity commissioned and launch of construction of a further 1.4 GW in 2021, lifting
assets in operation or under construction to 5.4 GW3 at end-December (+34% year-on-year)
▪ Close to 0.9 GW in newly awarded projects during the year
Neoen starts work on its ‘most ambitious project’
French renewables developer Neoen has started early works on its Goyder Renewables Zone, just north of Adelaide in South Australia. When completed, the project is likely to be the country’s largest wind, solar and battery storage project.
Neoen gives go ahead for first stage of Goyder Renewables Zone in South Australia
Neoen has officially launched its flagship Goyder Renewables Zone project in South Australia with notice to proceed given to a consortium of GE Renewable Energy and Elecnor in late December 2021 for the construction of a 412 MW wind farm known as Goyder South Stage 1.
Neoen’s 204MW/34MWh Bulgana project points to co-located renewables future
French renewable developer IPP Neoen announced the completion of its Bulgana wind-plus-storage project in the Australian state of Victoria. Having now installed more than 650MW of large-scale solar, wind, and battery storage in the state, the developer has pointed to its “well balanced” renewable portfolio in Victoria including an additional 2GW of projects in the pipeline.
Neoen notes major milestone as 460 MWp solar farm connects to grid
French renewables developer Neoen’s massive 460 MWp solar farm in Queensland’s Western Downs region is rapidly advancing toward completion with state-owned network operator Powerlink confirming connection to the electricity grid is now complete.
Neoen completes financing for 157 MW Kaban Green Power Hub in Far North Queensland
In May, the Queensland government committed to a transmission network upgrade that will support Neoen’s north Queensland wind and battery project’s connection to the grid. Today the global renewable energy developer announced financial close on Kaban, where civil works are already underway.
Neoen signals start of construction for Queensland green energy hub
French renewables developer Neoen is pushing ahead with plans to construct a 157 MW wind farm and 100 MW battery project in Queensland’s far north just weeks after federal resources minister Keith Pitt blocked public funding for the project.
