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Founded in 2008, Neoen opened its first power plant in France in 2009 and reached its break even point in 2011. In 2014, the company began its international development with the opening of three solar plants in Portugal: Seixal, Coruche and Cabrela. Cestas, the most powerful solar plant in Europe with 300 MWp, was opened in south-west France in 2015. In 2016 Neoen commissioned the largest solar park in Central America . The company's total capacity in operation and under construction exceeded 1 GW. The following year , Neoen opened the world's largest storage plant in Hornsdale, Australia and announced its intention to triple its business by 2020.
The company went public on 16 October 2018, entering Euronext compartment A, with the support of its historical shareholders. It became the youngest French company in its field to surpass a capitalization of one billion euros. The same year, its total capacity in operation and under construction reached 2 GW.
In 2019, Neoen sold its only biomass unit and continued its international expansion, with an agreement to provide wind power for Google in Finland and the financing of a 375-MWp solar park in Mexico providing energy at US$18.93 per MWh. That year, the company reached the milestone of 1 GW of assets in Australia alone.
In 2020, building work began on the Yllikkälä Power Reserve in Finland and the Victorian Big Battery in Australia . Work also began on Western Downs , Neoen’s largest solar park and Australia's and Neoen's largest solar parkthe largest of its kind in Australia.
In June 2020, the company entered the SBF120, MSCI France Small Cap Index and S&P Global Clean Energy indexes.
In April 2021 Neoen increased its capital by €600 million. The company had 4.1 GW in operation and under construction in 15 countries and set itself the target of 10 GW by 2025.
Neoen reached the milestone of 1 GW of renewable energy under operation or construction in France. In December, the Victorian Big Battery was commissioned. It is the largest battery in Australia and one of the biggest in the world. In December, the company also began construction of its largest wind farm, Goyder Renewables Zone in Australia.In April 2022, Neoen launched a virtual battery service, with AGL Energy as its first customer.
