Neoen SA (FR:NEOEN) has released an update.
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Neoen SA, an independent renewable energy producer, has announced solid growth with its secured portfolio hitting 10 GW, including 8.4 GW in operation or under construction. Despite an 8% decline in revenue and adjusted EBITDA in the first half of 2024, the company generated 4.0 TWh of electricity, a 7% increase from the previous year, and maintains its EBITDA target for both 2024 and 2025. Neoen is also on track for a majority stake acquisition by Brookfield, pending regulatory approvals.
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