• Increase in revenue to €157m, up 33% compared with the first half of 2019
• Commissioning of 239 MW in the first half of the year and construction launched of 544 MW, including 460 MW in the second quarter alone
• Growth in the secured portfolio1 at 4.4 GW at end-June 2020 vs. 4.1 GW at end-2019
• Confirmation of the 2020 EBITDA target2 of €270-300m3 , with an EBITDA margin4 of over 80%
• Reiteration of the 2021 and 2022 targets

Neoen (ISIN code: FR0011675362, ticker: NEOEN), one of the world’s leading and fastest-growing independent producers of exclusively renewable energy and one of the fastest-growing in the world, reports (unaudited) revenue of €157 million for the first half of 2020, up 33% compared with the first half of 2019. At constant exchange rates, revenue was up 35%.

Xavier Barbaro, Neoen’s Chairman and Chief Executive Officer, comments: “We achieved further strong revenue growth in the first half of the year. In this challenging environment marked by the public health crisis, we commissioned new assets, notably the Capella solar plant in El Salvador and the Hedet wind farm in Finland. We also launched the construction of over 500 MW and strengthened our portfolio of secured projects with new solar, wind and energy storage plants in Australia, France and Finland. We are therefore confident about achieving capacity of at least 5 GW in operation or under construction at the end of 2021. In the first half of the year Neoen further reinforced its role as a pioneer in sustainable finance, with the signing of a syndicated loan integrating ESG criteria and the issue of the first ever green convertible bond in Europe. Lastly, we are proud to have joined the SBF 120 index, less than two years after our IPO: our share price reflects our performance and investors’ confidence in our outlook.”