Neoen Australia has become the first company in the country to reach 3.3 gigawatts (GW) of capacity in operation or under construction — consisting of 2 GW of generation capacity evenly split between solar and wind farms, as well as 1.3 GW (2.8 gigawatt hour) of battery storage.
This achievement involved thousands of individuals and groups across five different states, including 77 host landowning families, 13 Traditional Owner groups and 15 regional communities, and has delivered more than 2,600 jobs.
Neoen Australia CEO Louis de Sambucy said: “Adding more than 3 GW of capacity over the past decade is a major achievement for Neoen and for Australia’s renewable energy transition, which we are proud to be a part of.
“Hand in hand with local communities, our business partners, and the federal and state governments, we are strongly committed to continuing to play a decisive role in Australia’s clean energy future.”
Based in Paris, Neoen has invested more than $4 billion in Australia’s renewable energy sector and currently holds a portfolio of 20 assets.
Image courtesy Neoen.
The company’s projects currently account for approximately 10 per cent of the nation’s utility-scale solar capacity, 10 per cent wind capacity and 45 per cent of the country’s grid scale battery storage.
Neoen Chairman and CEO Xavier Barbaro said Australia is a model and an inspiration for the company internationally, and a source of its innovation.
“We are proud to be taking our place among the world’s leading energy companies, and to be making a profound contribution to accelerating the pace of the energy transition in Australia and around the globe,” said Barbaro.
Image courtesy Neoen.Neoen has a target to achieve around 10 GW in operation or under construction by 2030. The company hopes to have highly competitive assets across solar, wind and battery storage in every state across the nation.
In 2017, the company built the world’s first big battery in under 100 days, and the Hornsdale Power Reserve (HPR) in South Australia has since expanded to 150 megawatts (MW), operating at 193.5 megawatt hour (MWh).
The HPR successfully demonstrated the effectiveness of battery storage on grid stabilisation and the decrease of energy costs.
In 2022, HPR became the first battery in the world to deliver inertia services at scale to the grid.
Neoen now operates the 300 MW (450 MWh) Victorian Big Battery — Australia’s largest battery since 2021.
