• 2020 revenue totaled €298.8 million, up 18%1 compared to 2019
• Neoen commissioned 769 MW and launched the construction of 987 MW in 2020
• The Group won over 1 GW in new projects during the year, including more than 600 MW in the 4 th quarter
• The secured portfolio2 expanded to 5.2 GW at December 31, 2020 versus 4.1 GW at end-2019
• Neoen expects 2020 EBITDA (3) to be at the lower end of the range of €270-285m4 previously announced
• The Group is reiterating its targets for 2021 and 2022

Neoen (ISIN: FR0011675362, Ticker: NEOEN), one of the world’s leading and fastest-growing independent producers of exclusively renewable energy, is reporting (unaudited) revenue of €298.8 million in 2020, up 18% compared to 2019. At constant exchange rates, revenue increased by 20%.

Xavier Barbaro, Neoen’s Chairman and Chief Executive Officer, commented: “In 2020, we delivered a revenue increase of 18% driven by the steady growth in our capacity in operation. Alongside this performance, we achieved significant progress on the delivery of our projects despite the Covid-19 pandemic. We commissioned close to 800 MW and launched the construction of almost 1 GW during the year. We also won over 1 GW in new projects in Australia, Finland, France and Ireland. The end of the year was particularly dynamic with the win of the Victorian Big Battery project in Australia, one of the world’s largest batteries, and the signing of a corporate PPA for a wind farm in Finland with a consortium of four major Dutch groups. These successes underpin our target of having 5 GW in operation or under construction by year-end 2021 and support our long-term growth prospects.”