This farm-down policy crystallizes value from the development of projects that are divested. However, you can visit "Cookie Settings" to provide controlled consent. 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 publicly available. As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. Click the button below to request a report when hardcopies become available. You can find the report and all relevant information below. In particular, Neoen operates France's most powerful solar farm (300 MWp) in Cestas, and the world's largest lithium-ion power reserve (150 MW/193.5 MWh storage capacity) in Hornsdale, Australia. At its first Capital Markets Day in 2021, Neoen detailed its CSR approach, summarized in a Sustainability Framework. This solid performance reflects both our ability to achieve growth and to deliver our projects. Neoen is pushing ahead its development drawing on a healthy financial structure and robust cash position, with close to 600 million at end of June 2020., (1) EBITDA corresponds to current operating income adjusted for current operating depreciation, amortization and provisions, (2) The EBITDA margin is calculated as the ratio of EBITDA to revenue, (3) From between 270 million and 300 million initially, (4) Forecasts at constant exchange rates compared to 2019, Neoen reports a strong increase in its first-half 2020 results. Therefore, Neoen confirms its target of a total gearing ratio of over 70% of capital invested, including all of the Groups consolidated debt, and also confirms its target of a net debt to adjusted EBITDA ratio between 8.0x and 10.0x at year-end 2025. The second quarter marked the 122nd of the past 128 quarters that Neogen reported revenue increases compared to the same quarter in the prior year. Tel: +33 1 41 98 90 20. Set by the GDPR Cookie Consent plugin, this cookie is used to store the user consent for cookies in the category "Performance". * Community Engagement Plan is a comprehensive internal tool which guides and maps our consultation and engagement across a projects lifecycle. These cookies will be stored in your browser only with your consent. Records the default button state of the corresponding category & the status of CCPA. Q3 2022 Sales and Revenue Call - Operational Data. Analytical cookies are used to understand how visitors interact with the website. As we promised ahead of our IPO, we plan to propose payment of a dividend for the first time, reflecting our confidence in Neoens growth model. Necessary cookies are absolutely essential for the website to function properly. 2022 Annual Results Presentation. Publication of the half-year 2020 financial report. It is important to us to provide analysts, investors and other stakeholders with the meansto analyze and compare our performance on environmental, social and governance issues. This website uses cookies to improve your experience while you navigate through the website. However, you can visit "Cookie Settings" to provide controlled consent. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Owing to the above factors, the Australian solar power market is expected to witness rapid growth due to the . It works only in coordination with the primary cookie. Energy storage is the answer to the volatile nature of renewable energy sources and a key part of our activities. 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. Neoen is a specialist, independent power producer with a long-term vision that translates into a strategy to produce renewable, competitively-priced energy, sustainably and on a large scale. It allows to ensure the quality and performance of Neoens assets over the long term, to create value throughout the life cycle of its projects, to control the risk/reward profile of its portfolio and, lastly, to retain ownership of land beyond the expected operating lives of assets, which provides repowering potential. In 2022, the total newly added capacity was 1,111MW (attributable capacity 1,062), including 9 wind projects (attributable capacity 992MW) and 1 PV project (attributable capacity 70MW) Meanwhile, the company actively optimized . 2022 Preliminary Results. Neoen is a specialist, independent power producer with a long-term vision that translates into a strategy to produce renewable, competitively-priced energy, sustainably and on a large scale. Reports and presentations Financial Reports. Founded in 2008, Neoen is the leading French independent producer of renewable energy and a major player on the world stage. By clicking "Accept All" you are consenting to the use of ALL cookies. , natural toxins, genetic modifications, food allergens, drug residues, plant diseases and sanitation concerns. The Group won over 1 GW in new projects during the year, including more than 600 MW in the 4 th quarter. 2020 Annual Report. But opting out of some of these cookies may affect your browsing experience. Cours de l'action Michelin. First-half 2020 revenue totalled 157.2 million, up 33% compared to the first six months of 2019. ESG Related. Download slides. Such a huge pipeline capacity is expected to boost the growth of large-scale solar power during the forecast period. However, you can visit "Cookie Settings" to provide controlled consent. It works only in coordination with the primary cookie. But opting out of some of these cookies may affect your browsing experience. 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. Analytical cookies are used to understand how visitors interact with the website. Assurance Report 2020 [PDF] Report on tax transparency of the Iberdrola group: Our commitment to society [PDF] We are aiming for 10 GW in operation and under construction by 2025. Regulatory news announcement (opens in a new window) Half year results announcement for the half year to 30 September 2019. Newly Installed Capacity Reached a New High, Rapid Growth inAttributable Capacity. Presentations and webcasts. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. This cookie is installed by Google Universal Analytics to restrain request rate and thus limit the collection of data on high traffic sites. 4. Neoen maintains its internal rates of return (IRRs) targets in governmental, private calls for tender, or in private contract negotiations, which range from 7.5% (+/ 150 bp) in Europe, 8.5% (+/- 150 bp) in Australia and other OECD countries, to over 10% in non-OECD countries. 17-02-2020 Sustainability Policy - February 2020 . | February 14, 2023 In all, we commissioned close to 900 MW in capacity and launched construction of 1.4 GW in projects. Set by the GDPR Cookie Consent plugin, this cookie is used to store the user consent for cookies in the category "Necessary". . Stores the visitor's preferred display language. Full year 2020 earnings released Mar 16. We also use third-party cookies that help us analyze and understand how you use this website. It is also the first "stand-alone" annual report of NEON. (2) As of 31-March-2021. Cover Story (3,987KB) NEC's Past, Present, and Future. Real-time Euronext Paris Neoen is committed to ensuring the health and safety of its employees and of all those working on its project sites. Xavier Barbaro, Neoens Chairman and Chief Executive Officer, commented: Our first-half results showed a strong increase compared to the same period last year. Over the 2023-25 period, the Group intends to gradually increase its dividend per share, notably in relation to its earnings growth and its financial position. Get undefined (NEOEN.PA) real-time stock quotes, news, price and financial information from Reuters to inform your trading and investments It can be downloaded from the Financial Information / Reports section of Neoen's website: https://www.neoen.com/en/financial-information#publications-en. Performance cookies are used to understand and analyze key website performance metrics, which helps provide a better user experience for visitors. We also use third-party cookies that help us analyze and understand how you use this website. Corporate Presentation. This website uses cookies to improve your experience while you navigate through the website. Factoring in the increase in construction costs per MW for solar, wind and storage, Neoen anticipates that its 2021-2025 investment plan to meet its 10 GW target will now amount to approximately 6.2 billion. NEON: 92,335 energy-related disputes handled in 2015. To complement project financing at asset level which will remain the cornerstone of the financing of the growth, the Group intends to gradually increase debt at corporate level, supported by the steady growth of its cash flow generation. Solid increase in results and targets achieved. Records the default button state of the corresponding category & the status of CCPA. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Annual report 2020 (pdf) Annual report summary (pdf) Annual report 2020 in XHTML format submitted Distributed by Public, unedited and unaltered, on 23 September 2020 15:59:05 UTC. View our latest annual report here. Orsted's total assets 2011-2022. For example, Moodys ESG Solutions awarded Neoen a score of 65/100 ESG in 2022, ranking it among the top 2% of 5,000 companies assessed worldwide. Neoen is listed in Compartment A of Euronexts regulated market in Paris (ISIN code: FR0011675362, Ticker: NEOEN) on the SBF 120 and CAC Mid 60 indexes. Set by the GDPR Cookie Consent plugin, this cookie is used to store the user consent for cookies in the category "Necessary". Set by the GDPR Cookie Consent plugin, this cookie is used to store the user consent for cookies in the category "Performance". Interim 2025 Earnings Release (Projected) Past events on NEOEN. Join Neoens webcast presenting its 2022 full-year results, Learn more about our vision of sustainable development. Cartusia is a long-term investment vehicle controlled by M. Xavier Barbaro and his family. Capital Markets Day. Record investments of 10.73 bn enable us to achieve a net profit of 4.34 bn. Finance. (3) EBITDA corresponds to current operating income adjusted for current operating depreciation, amortization and provisions, and as announced at the Capital Markets Day on March 11, 2021, the expense resulting from application of IFRS 2 Share-based payments with effect from January 1, 2021. You also have the option to opt-out of these cookies. 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. Strong turnaround in net income of 80 million euros, including a negative 102 million euros of . Investor Relations contacts. The term benefit- sharing includes many community initiatives that are a product of a countrys traditions, a communitys need, peoples ideas. Thanks to the know-how and work of its teams, 5.4 GW of new projects were added to its advanced pipeline in 2022. These successes underpin our target of having 10 GW in operation or under construction by year-end 2025 and support our short- and long-term growth prospects., (2) Neoens consolidated revenue does not include the net capital gains from asset disposals as part of the farm-down business, which are recognized in other current operating income. However, you can visit "Cookie Settings" to provide controlled consent. This cookie is installed by Google Universal Analytics to restrain request rate and thus limit the collection of data on high traffic sites. They also assume no delay in the commissioning of the projects scheduled to become operational in 2023. Xavier Barbaro, Neoens Chairman and CEO, commented: Neoen announced ambitious targets in 2021. 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. Neoens flagship operations are Frances most powerful solar farm (300 MWp) in Cestas, Finlands largest wind farm (404 MW) in Mutkalampi, one of the worlds most competitive solar plants in Mexico (El Llano, 375 MWp) and two of the worlds most powerful large-scale storage plants, both in Australia: Hornsdale Power Reserve (150 MW/193.5 MWh storage capacity) and the Victorian Big Battery (300 MW/450 MWh). 2008, Neoen is committed to ensuring the health and safety of its employees and all. Data on high traffic sites by Google Universal Analytics to restrain request rate and thus limit collection... Delay in the 4 th quarter better user experience for visitors, peoples ideas of! 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