Neoen (ISIN Code: FR0011675362, Ticker: NEOEN) (the “Company”) announces today the launch of an offering of senior unsecured bonds convertible into new shares and/or exchangeable for existing shares of the Company (“OCEANE”) due October 7th, 2024 (the “Bonds”), by way of a placement to qualified investors only in accordance with Article L. 411-2 II of the French monetary and financial code (Code monétaire et financier), for a maximum nominal amount of €200 million (the “Offering”).

The net proceeds of the Offering will be used by the Company for general corporate purposes with a view to finance growth towards the 2021 capacity target (more than 5.0 GW of capacity under construction or in operation), while optimizing balance sheet within the guidelines given by the Company regarding an average leverage ratio of approximately 80-85% of invested capital on an all-in basis including all Group debt, whether corporate, junior or senior project debt.