Neoen divests Victorian portfolio in US$ 611.6 million sale to HMC Capital in Australia
Date
December 06, 2024
Type
M&A Transactions
Subtype
Transaction completed
Countries
Australia
Subsectors
Onshore Wind
Energy Storage
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Neoen has transacted with HMC Capital, for the sale of its renewable energy operating assets and development pipeline in Victoria, Australia.
Neoen’s 652 MW diversified portfolio of operating assets consists of:
- Bulgana Green Power Hub (204 MW wind farm and 20 MW/34 MWh battery);
- Numurkah Solar Farm (128 MWp); and
- Victorian Big Battery (300 MW/450 MWh).
The 2.8 GW development pipeline includes over 1.5 GW of wind and 1.3 GW of storage. The projects, at various stages of development, are Bulgana Battery Extension, Kentbruck Battery, Kentbruck Green Power Hub, Loy Yang Wind Farm, Moorabool Battery, and Navarre Green Power Hub.
