NEOEN Announces Plans for 10GW Generation Capacity by 2025

News Flash

  • French renewable energy giant, Neoen , has announced plans to more than double its capacity to at least 10 gigawatts in operation or under construction by the end of 2025.
  • It currently has 4.1 GW of capacity in operation or under construction. 

The company expects it will need to invest some 5.3 billion euros ($6.32 billion) over 2021 to 2025 to support the capacity expansion, and plans to raise a maximum of 1.2 billion euros through a capital increase, the company said in a statement.

Neoen posted earnings before interest, taxes, depreciation and amortization (EBITDA) of 270.4 million euros for 2020, up 25% and in line with its guidance.

Check out their full year results HERE.

Author: Bryan Groenendaal

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Green Building Africa promotes the need for net carbon zero buildings and cities in Africa. We are fiercely independent and encourage outlying thinkers to contribute to the #netcarbonzero movement. Climate change is upon us and now is the time to react in a more diverse and broader approach to sustainability in the built environment. We challenge architects, property developers, urban planners, renewable energy professionals and green building specialists. We also challenge the funding houses and regulators and the role they play in facilitating investment into green projects. Lastly, we explore and investigate new technology and real-time data to speed up the journey in realising a net carbon zero environment for our children.

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