Neoen SA Sells Australian Assets to HMC Capital

Neoen SA (FR:NEOEN) has released an update.

Neoen SA has agreed to sell its portfolio of operational assets and projects in Victoria, Australia, to HMC Capital for 950 million Australian dollars. This strategic move is part of Neoen’s commitment to fulfill regulatory conditions for Brookfield’s acquisition of a majority stake in the company. Despite the sale, Neoen remains committed to expanding its renewable energy footprint in Australia, aiming to achieve 10 GW of capacity by 2030.

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