MOST RECENT 2021 Annual Report and Form 10K. Neoen SAs financial year ends on 31 December every year. ESG Related. Annual report 2020 (pdf) Annual report summary (pdf) Annual report 2020 in XHTML format submitted Our project sites are where we work hand-in-hand with consultants, contractors and subcontractors to develop, build, own and operate our renewable energy power plants. a 25% increase on the previous year. Neoens strong results year after year prove our ability to combine growth, profitability and robustness thanks to our integrated develop-to-own model. At constant exchange rates, revenue was 10% higher. This 2023 guidance assumes a relative stability in the Groups operating environment3. Performance cookies are used to understand and analyze key website performance metrics, which helps provide a better user experience for visitors. You also have the option to opt-out of these cookies. 21 November 2019. TERNA S.p.A. - Capitale sociale 442.198.240 interamente versato - Sede Legale in Italia, Viale Egidio Galbani, 70 - 00156 Roma - Tel +39 06 83138111 Registro delle Imprese di Roma - Codice fiscale e Partita IVA 05779661007 - R.E.A. It seeks to combine top-down with, bottom-up approaches to encourage good ideas and innovation to bubble up across our various projects and. Thanks to the know-how and work of its teams, 5.4 GW of new projects were added to its advanced pipeline in 2022. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. As a company entirely dedicated to renewable energy, we have sustainability hardwired into our DNA. This approach, which aims at scaling up its contribution towards meeting the SDGs, is based on three pillars. (1) Bloomberg New Energy Finance -Storage Assets Interactive Dataset; Reflects System Integrators by Capacity (MWh), filtered by Commissioning Date and Commissioned Status as of 12/31/2020; Stem data from Company. These cookies will be stored in your browser only with your consent. Set by the GDPR Cookie Consent plugin plugin to store the user consent for cookies in the category "Others". Copyright 2023 Surperformance. Annual General Meeting 2023 Calendar and Events Calendar and Events The IR Team Information p dansk . 12-12-2019 Factsheet - December 2019 . 2019 Annual Report. Dan Lvy, Group Chief Financial Officer. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. This cookie is installed by Google Universal Analytics to restrain request rate and thus limit the collection of data on high traffic sites. The Group will also present its full year 2022 results which will be published in a separate press release simultaneously. We use cookies on our website to provide you with the most relevant experience by remembering your preferences and repeat visits. See all presentations and events. Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously. Neoen : upgrades its 2022 adjusted EBITDA target and ended the year with 6.6 GW in operati.. French Renewables Group Neoen Strikes Green Energy Purchase Deal with Coveris. Confirmed target of over 10 GW of assets in operation or under construction by year-end 2025, Decision to increase the storage duration per installed MW of the Groups future batteries, corresponding to an additional equity financing of 150 million over the 2023-25 period, Total investment increased to 6.2 billion over the entire 2021-25 period from the 5.3 billion announced in 2021, Total equity requirement estimated at 750 million over the 2023-25 period, Adjusted EBITDA expected between 460 million and 490 million, Confirmed target of double-digit annual growth in adjusted EBITDA, Policy of a progressive rise in dividend per share over the 2023-25 period reaffirmed, Renewed ambition to attain the pace of at least 2 GW in new project wins per year from 2025, Plan to reach over 20 GW of assets in operation or under construction by 2030. This first iteration of our Sustainability Framework outlines our broader ambitions and priorities as they relate to and are, expressed by our people, our projects and our interactions with communities. But opting out of some of these cookies may affect your browsing experience. (3) Wood Mackenzie. However, you can visit "Cookie Settings" to provide controlled consent. The leading wind power operator in Italy and among the top ten in Europe, the Group is also active in solar energy production where it ranks in the top five in Italy. PDF. We are aiming for 10 GW in operation and under construction by 2025. We provide you with the stock market data, the figures and the information you need to follow and understand our actions and decisions, in complete transparency. Reports required by Article L. 225-37 of the French Commercial Code (corporate governance, internal control and risk management procedures) Press releases detailing conditions of availability of information prepared in connection with the annual shareholders meeting. Thanks to our project portfolio, our expertise and our financial strength, we are ideally placed to achieve profitable, strong, sustainable growth across all our geographies.. We use cookies on our website to provide you with the most relevant experience by remembering your preferences and repeat visits. You also have the option to opt-out of these cookies. Set by the GDPR Cookie Consent plugin plugin to store the user consent for cookies in the category "Others". Net income Group share reached 22 million, up 32%. 27-09-2019 Supplementary Prospectus - September 2019 . Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Bpifrance is the French national investment bank: it finances businesses at every stage of their development through loans, guarantees, equity investments and export insurance. Necessary cookies are absolutely essential for the website to function properly. Domicilio Social: C/ Raimundo Fernndez Villaverde, 65. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. For the first time, the Group paid out a dividend of 0.10 per share for the 2021 financial year and will propose a dividend of 0.125 per share for the 2022 financial year, i.e. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. As announced at its Capital Markets Day in March 2021, Neoen will continue to regularly assess the opportunity to sell full ownership or majority stakes in selected projects or assets from its secured portfolio. In 2022, Neoen achieved an adjusted EBITDA of 414 million. https://channel.royalcast.com/landingpage/neoen/20230301_1/. Paris, September 23th, 2020 Publication of the half-year 2020 financial report Neoen (ISIN Code: FR0011675362, Ticker: NEOEN), one of the world's leading and fastest-growing independent producers of exclusively renewable energy, is announcing that its half-year financial report for the six-month period ended June 30, 2020 has been filed with the Autorit des Marchs Financiers and is now . Lastly, a Society pillar, based on constructive relationships with local stakeholders, contributions to regional economic development, and initiatives implemented with and for the benefit of local communities. The 2023 Annual General Meeting will be held on Tuesday, 7 March at 10:00 CET at Bella Sky Conference & Event, Center Boulevard 5, entrance 3, 2300 Copenhagen S, Denmark. The Groups target is to generate double digit annual growth in adjusted EBITDA over the 2023-25 period, aiming at exceeding 600 million1 of adjusted EBITDA in 2025. Prioritising. You also have the option to opt-out of these cookies. I would like to place on record my sincere gratitude to all our employees for their unstinting commitment in a context still marked by the pandemic. We currently focus our wind farm business in Australia, France, Finland, Sweden, and Ireland where we have a substantial portfolio of projects in development. It will continue to optimize each projects funding structure, based on its specific features, combining equity with project debt arranged via special-purpose companies to provide senior non-recourse debt. Regarding its equity needs, Neoen announced in March 2021 its intention to raise equity during the implementation period of its investment plan, in order to fully fund the plan while maintaining a strong balance sheet structure. Neoen has a robust cash position, with 590 . We are taking these concrete steps to protect the future of humanity, starting with our aim to become an all-green company by 2030. 1 ATTESTATION BY THE PERSON RESPONSIBLE FOR THE HALF-YEARLY FINANCIAL REPORT . Interim 2024 Earnings Release (Projected) 03/16/25. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. All rights reserved. After having raised 600 million of equity in April 2021, the equity needed to fund the remaining part of its investment plan over the 2023-25 period is now estimated at 750 million. Sustainability Report 2020 [PDF] Iberdrola's community contributions. We are pleased to present our vision for 2030 today: with over 10 GW of assets in operation or under construction by 2025 and the prospect of reaching the 20 GW milestone five years later, Neoen is now truly establishing itself among the worlds leading energy producers., Rapid growth, in line with the target announced in March 2021 of reaching at least 10 GW of assets in operation or under construction by year-end 2025. To continue reading it, access the original document here. *Normalised" means calculated with an average annual EUR/BRL exchange rate of 6.3 and a long-term average wind, solar and hydraulic resource. This website uses cookies to improve your experience while you navigate through the website. As part of its develop-to-own strategy, the Group indicates that it may selectively reduce its ownership in certain assets that it wants to hold in the long-run. We also use third-party cookies that help us analyze and understand how you use this website. 2022 Annual Results Presentation. Neoen wants to develop genuine, open and ongoing relationships with key stakeholders and members of the local community. The FSPs board comprises seven insurance group shareholders (BNP Paribas Cardif, CNP Assurances, Crdit Agricole Assurances, SOGECAP (Socit Gnrale Insurance), Groupama, Natixis Assurances et Suravenir). . The hike in prices at which Neoen sells electricity, as a result of market conditions and of the value-added services the Group provides, has offset the impact of the higher construction, operating and financing costs faced since 2021. EBITDA(1) up 11% to 300.4 million, in line with the target announced(2), 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 GW(3) at end-December (+34% year-on-year), Close to 0.9 GW in newly awarded projects during the year, 592.5 million in cash held by the Group at December 31, 2021, reflecting notably a 24% increase in net cash generated by operating activities and a 600 million capital increase completed in April 2021, Dividend proposed for the first time: 0.10 per share, 2022 EBITDA expected between 360 million and 375 million, with an EBITDA margin of between 85% and 90%, EBITDA growth target out to 2025 and target of capacity in operation or under construction of over 10 GW by year-end 2025 both confirmed. 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