Neoen SA (FR:NEOEN) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Neoen SA has announced a 10-year virtual battery contract with AGL Energy to provide 200 MW of capacity, supporting the construction of Stage 2 of the Western Downs Battery, adjacent to Neoen’s existing solar farm in Queensland. With this deal, Neoen bolsters its commitment to Queensland’s renewable targets, bringing its Australian renewable portfolio to over 1 GW in operation or construction. The project, which includes 140 Tesla Megapack 2XL units, will enhance grid reliability and aid in the transition to renewable energy sources.
For further insights into FR:NEOEN stock, check out TipRanks’ Stock Analysis page.
