About us

Neoen is the leading French independent producer of renewable energy.
The geographical and technological diversity of our assets and project portfolio underpins our development and performance.

Key figures

Our “develop to own” business model is unique. We own nearly 92% of our plants, and operate them in our own name in the long term. As a multi-local leader, we operate in 16 countries on several continents.
We have a track record of landmark projects: France’s largest solar power plant in Cestas (300 MWp), the world’s first big battery (150 MW / 193,5 MWh) in Hornsdale, Australia and one of the world’s most competitive solar power plant at El Llano (Mexico, 375 MWp).

€333.6 M
Full-year revenue
in 2021

Neoen’s energy sales in 2021 were up by 12% compared to 2020. This growth is entirely organic.

5.6 GW
In operation and under construction

Total capacity in operation or under construction at end of June 2022.

16 countries
International
player

We are one of the world’s leading  producers of exclusively renewable energy.

10 GW
Target for 2025

We are aiming for 10 GW in operation and under construction by 2025.

What we believe

Our company values form the basis of all our relations with business partners, customers and end- users. Our 350-strong workforce embraces more than 36 different nationalities and the values we share underpin our corporate identity and are borne out in the way we conduct our day-to-day business.

Audacity

We believe we can become a world leader in renewable energy. We have the audacity to operate globally, imagining, designing and implementing competitive, effective energy solutions.

Integrity

We operate with integrity, whatever we do, whenever and wherever we do it. We work with partners who abide by the same rules. Our ethical approach is an asset in our worldwide operations.

Commitment

We uphold all our commitments, internal and external. We believe in hard work and take pleasure in seeing a good job well done.

Esprit de corps

We are loyal to each other and form a close-knit team. We are proud of our company, our goals and our accomplishments.

Our story

Founded in 2008, Neoen emerged as one of the key players in renewable energy on the world stage. In 2022, Neoen operates in 16 countries on several continents.

The Hornsdale Power Reserve in Australia (150 MW / 193.5 MWh) becomes the world’s first big battery to provide grid-scale inertia services

Start of construction work for our first asset in Sweden – the Storbrännkullen wind farm (57.4 MW) – and signing of two PPAs with Equinix in Finland

Construction begins of Finland’s largest wind farm, Mutkamlapi, Kaban Power Hub (157 MW) and Goyder South Stage 1 (412 MW) in Australia

Construction begins on the Victorian Big Battery (300 MW / 450 MWh), one of the largest lithium-ion storage facilities in the world

1 GW of assets in operation or under construction in France and 2 GW in Australia

Commissioning of the Yllikkälä Power Reserve (30 MW / 30 MWh), Scandinavia’s largest lithium-ion storage facility

Financial close for the Western Downs solar park in Australia (460 MWp), the largest in the country

Expansion of the Hornsdale Power Reserve, taking its capacity to 150 MW / 193.5 MWh

Power purchase agreement signed with Google in Finland

Financial close for the El Llano project, a 375 MWp solar plant in the Mexican state of Aguascalientes

Successful IPO on the Paris Stock Exchange

Construction begins on Paradise Park (51 MWp), the largest solar farm in Jamaica

Commissioning of the Hornsdale Power Reserve in Australia, the world’s largest lithium-ion storage facility at the time (100 MW / 129 MWh)

Construction begins on the Bangweulu solar plant in Zambia (54 MWp)

1 GW of assets in operation or under construction

Commissioning of the Providencia solar plant in El Salvador (101 MWp), the largest solar power plant in Central America at the time

Construction begins on the Hornsdale Wind Farm in Australia (316 MW)

Commissioning of the Cestas solar farm in France (300 MWp), Europe’s most powerful solar farm at the time

Commissioning of three solar plants in Portugal

First solar plant in France

Foundation

Xavier
Barbaro
Chairman and CEO

Xavier Barbaro is the Company’s Chairman and Chief Executive Officer. He started his career at Louis Dreyfus Communications (Neuf Cegetel) in Geneva in 2001, before joining Louis Dreyfus Commodities in Geneva as assistant to the Managing Director, where he was in charge of the business plan and carried out several projects in Asia. He then joined Direct Energie in 2007 as Director of development before founding Neoen in 2008. Xavier Barbaro graduated from École Polytechnique and École Nationale des Ponts et Chaussées and holds an MBA from Harvard Business School.

Romain
Desrousseaux
Deputy CEO
Norbert
Thouvenot
Chief operating officer

Norbert Thouvenot began his career as international project manager at Alcatel in 1991. In 1998 he joined Louis Dreyfus Communication (LDCOM) where he played several roles (construction, Head of Internet & Data business unit …) before managing the residential sector operations. Norbert Thouvenot joined Louis Dreyfus Commodities in 2006 as worldwide industrial operations, procurement and health and safety director. He joined Neoen in 2015 as director of international operations. Mr Thouvenot graduated from CentraleSupelec and holds an International Master’s degree in Management from EM Lyon.

Olga
Kharitonova
General counsel

Olga Kharitonova began her career in Moscow in 2000 with the European Business Club (an association representing the interests of European businesses in Russia) before joining Bureau Francis Lefebvre. Admitted to the Paris bar in 2006, she then joined the Paris office of Cleary Gottlieb Steel & Hamilton LLP where she advised clients on complex international transactions. Olga Kharitonova joined Neoen in 2018. She graduated from the State University of Moscow (Lomonossov), from the Paris IEP and holds a master’s degree in business law from the Paris I-Sorbonne University.

Louis-Mathieu
Perrin
Chief financial officer

After five years in audit and financial advisory services, Louis-Mathieu joined Pictet Asset Management in 2006, initially as an analyst, before becoming an investment manager. He joined EY in 2009 where he became a senior manager and conducted assignments in areas that included the energy sector. In 2014, he was appointed as Chief Financial Officer of the Direct Energie group, before taking up a similar role at Voodoo in 2018. He joined Neoen as Chief Financial Officer in 2019. Louis-Mathieu is a graduate of the prestigious Sciences Po Paris (Paris Institute of Political Studies).

Governance

Neoen is governed by a Board of Directors with seven members, three of whom are independent, three are women, plus a censor. Neoen has a Nominations and Remuneration Committee and an Audit Committee, both of which have three members, of whom two on each committee are independent.
Neoen’s governance framework complies with the relevant AFEP-MEDEF recommendations. Neoen’s Board of Directors is refreshed by rotation, and so only a portion of the Board of Directors’ members stand for re-election each year. An Annual General Meeting decision set the term of office at four years.

Board of directors