France-based Neoen, a global renewable energy leader, sold its Victorian renewable portfolio to HMC Capital for AUD 950 million (~$607.58 million). The divestment includes 652 MW of operating assets like the Victorian Big Battery and Bulgana Green Power Hub, along with a 2.8 GW pipeline of solar, wind, and storage projects. This sale aligns with commitments made to secure ACCC approval for Brookfield’s majority stake in Neoen. Post-transaction, Neoen retains 3.7 GW operational capacity in Australia and focuses on achieving 10 GW by 2030.
HMC Capital acquires Neoen’s AUD 950M renewable portfolio in Victoria
Neoen’s divestment supports Brookfield’s ACCC approval for a majority stake acquisition. (Image Credit/Source: Solarimo/Pixabay)
Enfinity Global, with ING and Rabobank, secured funding for solar projects in Lazio, cutting 79,500 tons of CO₂ yearly. (Image Credit/Source:Stocksnap/Pixabay)
Raptor Solar Sentry is at the forefront of optimizing solar O&M work. (Image Credit/Source: Gregroose/Pixabay )
Caption:
KeyState Renewables and Silicon Valley Bank Fund Solar Landscape’s 2024 projects. (Image Source: SolarLandscape)
Caption:
LONGi partners with Raystech to ensure consistent stock availability nationwide, even in remote areas of Australia. (Image Source: PRNewswire)