Neoen, Paris, France, (ISIN: FR0011675362, Ticker: NEOEN), one of the world’s leading and fastest-growing independent producers of exclusively renewable energy, is reporting unaudited revenue of €224.1 million in the first nine months of 2020, up 22% compared to the first nine months of 2019. At constant exchange rates, revenue was 23% higher.
▪ Revenue totaled €224.1 million, up 22% compared to the first nine months of 2019
▪ Neoen commissioned 308 MW, launched the construction of 605 MW and won 409 MW of new projects during the first nine months of 2020
▪ The secured portfolio1 stood at 4.5 GW at end-September 2020 versus 4.1 GW at end-2019
▪ Neoen is confirming its 2020 EBITDA2 guidance of between €270 million and €285 million at constant exchange rates3 , with an EBITDA margin4 of over 85%
▪ The Group is reiterating its targets for 2022.
Xavier Barbaro, Neoen’s Chairman and Chief Executive Officer, commented: “Neoen’s revenue growth in the first nine months of the year confirms the Group’s growth profile. We were awarded 409 MW in new projects during the period, and since the end of September, we have won a 250 MW contract that enables us to build one of the world’s largest batteries in the State of Victoria in collaboration with Tesla, plus a 110 MW wind energy project, also in Australia. All in all, we have been awarded more than 800 MW of new projects since the beginning of the year, demonstrating our ability to deliver innovative, distinctive services, in addition to the quality and competitiveness of our projects. These achievements, underpinned by our teams’ flawless commitment and despite the sanitary crisis, have heightened our confidence in our ability to reach our targets”.
Full report HERE
About Neoen
Neoen is one of the world’s leading and fastest growing independent producers of exclusively renewable energy. With a capacity of more than 3.6 GW in operation or under construction, Neoen is a high-growth company. Neoen is notably active in Australia, Argentina, El Salvador, Finland, France, Ireland, Jamaica, Mexico, Mozambique, Portugal and Zambia. In particular, Neoen operates France’s most powerful solar farm (300 MWp) in Cestas, and the world’s first big battery (150 MW storage capacity) in Hornsdale, Australia. Neoen is targeting at least 5 GW capacity in operation or under construction by end of 2021. Neoen (ISIN Code: FR0011675362, ticker: NEOEN) is listed in Compartment A of the regulated market of Euronext Paris
