• Revenues up 18% to €298.8 million
• EBITDA1 up 25% to €270.4 million, in line with the target announced
• Net cash flows from operating activities up 20% to €222.3 million
• Close to 800 MW of additional assets in operation and launch of construction of close to 1 GW during the year
• More than 1 GW in newly awarded projects, lifting the secured portfolio2 to 5.2 GW at yearend 2020, up from 4.1 GW at year-end 2019
• Roadmap to 2025 to be unveiled today in a Capital Markets Day event (see separate press release)

Neoen (ISIN: FR0011675362, Ticker: NEOEN), one of the world’s leading and fastest-growing independent producers of exclusively renewable energy, is presenting its consolidated full-year results for the financial year ended December 31, 2020. The financial statements were approved by the Board of Directors on March 10, 20213
.
Xavier Barbaro, Neoen’s Chairman and Chief Executive Officer, commented: “Neoen reported a strong increase in revenue and EBITDA for 2020 in another demonstration of its growth profile. Despite delays to several projects, we commissioned close to 800 MW in capacity and launched the construction of almost 1 GW during the year. We also won over 1 GW in new projects, proving once again our competitiveness and our ability to devise innovative solutions. We are thrilled to have won a call for tender initiated by the Victorian Government for its Victorian Big Battery project, which will be one of the largest battery storage facilities in the world, and also a pan-European contract with a consortium of four leading Dutch groups for a wind farm in Finland. Lastly, 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.”