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    Neoen celebrates exceptional outcomes for the year 2023

    In 2023, Neoen recorded a 15% surge in adjusted earnings before interest, tax, depreciation, and amortization (EBITDA), reaching €475 million. Adjusted net income also experienced a notable 67% increase, reaching €80.4 million.

     

    The developer’s secured portfolio expanded by over 1.6 GW to reach 9 GW, with 8 GW either operational or currently under construction, constituting 80% of the targeted capacity for 2025. Neoen is reaffirming its goals of achieving adjusted EBITDA surpassing €700 million and reaching a total capacity of 10 GW in operation or under construction by 2025.

     

    Neoen’s Chairman and Chief Executive Officer, Xavier Barbaro, said “We are very proud to report record results for Neoen. The determination shown by all our employees have kept execution of our roadmap firmly on track and we are on pace to meet the targets we set.”

     

    “With 5GW in capacity now in operation, we generated over 7.5TW in competitively priced green energy.”

     

    “What’s more, our storage facilities are accelerating the development of renewable energies and enhancing grid reliability. Development of our project portfolio continues to make strong progress.”

     

    “Over the past few months, we have launched the construction of our second-largest solar farm and our first long-duration battery in Australia, Sweden’s largest solar farm and storage plant, our first assets in Italy and other projects in Finland, France and Portugal.”

     

    “From a financial standpoint, Neoen has demonstrated its ability to secure financing, both by raising funds on the market and debt at Group and at project level. We are fully confident in our ability to reach our target of 10GW in installed capacity in the course of 2025.”

     

    “Further ahead, we will be able to leverage our cash flow generation to self-finance a growing share of our future growth and to keep creating value for all our stakeholders.”

     

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