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Neoen, an independent producers of exclusively renewable energy, is targeting at least 10 GW of assets in operation or under construction by year-end 2025, or more than twice the 4.1 GW it had in operation or under construction at year-end 2020.
Neoen aims to progressively accelerate the pace at which it wins new projects to at least 2 GW per year as from 2025, up from 1 GW in each of 2019 and 2020. Neoen estimates the investments necessary to meet its 10 GW target at around €5.3 billion over the 2021-25 period. To fund these investments, Neoen plans to raise capital over the implementation period of its investment plan; the total amount of additional capital required is estimated at a maximum of €1.2 billion over the 2021-25 period. Neoen forecasts EBITDA of between €295 million and €325 million2 in 2021 and is targeting an increase in its EBITDA of more than 20% in 2022, followed by double-digit annual growth over the 2023-25 period.
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