Neoen Awarded 14-Year Contract for 100 MW in Australian Capital Territory Renewables Auction

• Neoen has been awarded a 14-year contract to supply 100 MW of wind energy from Stage 1 of its Goyder Renewables Zone in an Australian Capital Territory (ACT) Government renewables auction.

• As per the contract, Neoen will also build and own a battery storage facility of at least 50 MW in Canberra, Australia’s capital, in which residents of the ACT and Capital Region will have the opportunity to invest

• Both projects assist the ACT in strengthening its global leadership position as a 100% renewable energy jurisdiction striving for net zero emissions by 2045

• To advance the ACT’s renewable energy sector, Neoen, in partnership with Canberra Institute of Technology, will co-develop courses in cyber security for renewables, Indigenous land care, and hydrogen

PVTIME - Neoen (ISIN: FR0011675362, Ticker: NEOEN), one of the world’s leading and fastest-growing producers of exclusively renewable energy, has been awarded a 14-year contract for the first 100 MW of wind energy from Neoen’s Goyder Renewables Zone located in South Australia after winning the highly competitive process.

The Australian Capital Territory (ACT) is
an internationally recognised 100% renewable electricity jurisdiction, focused
on reaching net zero emissions by 2045. This is Neoen’s fourth ACT Government
contract, reinforcing its position as a major long-term partner in the
territory’s low carbon transition, and one of Australia’s leading renewable
energy companies.

Under the new contract, the ACT will be
supplied from Stage 1 of the Goyder wind farm, part of Neoen’s Goyder
Renewables Zone in South Australia. Goyder will leverage the exceptional wind
and solar renewable resources of the area and deliver a significant economic
boost to the local community. Goyder continues to proceed through its formal
development approval process and is expected to commence construction in 2022
for the first stage.

As part of the tender selection process,
Neoen has committed to go beyond the base requirements on the tender process
and build a battery storage facility with a capacity of at least 50 MW in the
nation’s capital to support and stabilise ACT’s electricity grid. The battery
will be open to community co-investment, providing residents of the ACT and
Capital region with an opportunity to become financial stakeholders in the

Since winning the ACT’s first wind auction
in 2015, Neoen has played a pivotal role in developing Canberra’s renewable
energy sector and this contract will see Neoen continue to deliver a range of
local industry development initiatives. Taking its existing partnership with
Canberra Institute of Technology’s Renewable Energy Skills Centre of Excellence
to the next level, Neoen will co-develop programs in cyber security for
renewables, Indigenous land care and hydrogen. Work will also commence with ANU
(Australian National University) on an industry-leading research project
focused on grid-scale battery performance optimisation, as well as a
feasibility study for a solar panel and/or battery recycling facility