Neoen S.A. — French IPP with ~10 GW operating/in-construction renewables across 16 countries (significant US development pipeline, plus flagship 300 MW Cestas FR, 460 MW Western Downs AU, world-leading BESS sites)
Brookfield Renewable + Temasek consortium acquired majority stake in Neoen. Initial 53.12% stake purchase from Impala et al. closed Dec 30, 2024 for €3.25B. Tender offer for 100% at €39.85/share (26.9% premium to Mar 28, 2024 close); full deal valued €6.1B. Mandatory tender offer expected to complete Q1 2025. One of largest renewable platform M&A globally. Neoen: solar, wind, storage; flagship Hornsdale + Victoria Big Battery (Australia).
$6.10B
Deal Value
10,000MW
Capacity
Hybrid
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate M&A
- Buyer / Financier
- Brookfield Renewable + Temasek (consortium)
- Deal Value
- €6.1B (~US$6.6B)
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- Brookfield Renewable
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