CACIB has advised Neoen on the divestment of a 760 MV portfolio of operating renewable assets in France

Neoen, one of the world’s leading producers of exclusively renewable energy, has agreed to divest 760 MW of its operating portfolio in France.

The transaction covers 52 operating renewable assets, including:

• 37 solar plants,
• 14 onshore wind farms, and
• 1 battery storage system.

As part of the agreement, Neoen will continue operating these assets for several years under an asset-management contract with Plenitude. Following the transaction, Neoen will retain 1.1 GW of capacity in France that is either operational or under construction, supported by a substantial development pipeline across the country.

The divestment is aligned with Neoen’s strategy to regularly reinvest capital into new renewable projects. By monetising a portion of its operating portfolio, the company will be able to:

• finance new solar, wind and storage assets,
• accelerate the deployment of innovative energy solutions,
• and reinforce its long-term growth ambitions.

With 8.5 GW of capacity in operation or under construction worldwide, including close to 2 GW delivered in France, Neoen will continue to play a central role in the energy transition.

Acting as sole financial advisor to Neoen, CACIB led a fast-paced and highly competitive process, demonstrating once again its ability to deliver complex transactions under tight timelines and in demanding market conditions.

This new mandate further consolidates our strong advisory franchise in cross-border sell-sides. It confirms the momentum built in renewable energy M&A activity, following several flagship transactions completed or announced this year: Hornsea 3, East Anglia 3, Valorem, and Acciona’s hydro assets.