Subscribe today and receive an extra account for free.
Subscribe
Solar panels. Photo by: Neoen (www.neoen.com).
September 19 (Renewables Now) - French renewables developer Neoen has made a registration with France's financial watchdog AMF as the first step towards an initial public offering (IPO) on Euronext Paris, seeking to raise some EUR 450 million (USD 526m), it said on Wednesday.
The proposed IPO is designed to allow Neoen to execute its investment programme and achieve its capacity growth objectives.
Impala, the vehicle of Neoen's founder Jacques Veyrat, would subscribe to the IPO and remain the company's majority shareholder. According to Neoen's website, Impala now owns 54.4%, with other shareholders including Omnes, the French national investment bank Bpifrance, as well as management and employees.
Neoen, which was set up in 2008, says it has nearly 2 GW of capacity in operation or under construction and another 1 GW of projects secured. It aims to reach at least 5 GW in operation and under construction by end-2021. The company is active in 10 countries, including France, Australia, El Salvador, Jamaica and Zambia.
(EUR 1 = USD 1.170)
Boralex secures debt for new, repowering wind projects in France
Feb 19, 2019 14:23 CEST
Total, Ørsted, Elicio to bid together in Dunkirk offshore wind tender
Feb 18, 2019 12:08 CEST
EDF Renewables in talks to buy France's GW-solar player Luxel
Feb 18, 2019 9:59 CEST
EIB considering funding 978 MW of offshore wind in France
Feb 15, 2019 9:56 CEST
Round-up of renewable energy PPA news (Jan 28-Feb 10)
Feb 11, 2019 10:15 CEST
GE to pay EUR 50m for breaking jobs pledge in France
Feb 11, 2019 8:47 CEST
