A few days ago, French renewable energy producer Neoen revised downwards its adjusted gross operating surplus (EBITDA) forecast for 2024, after the postponement of an asset sale to 2025.
"The effective completion of the sale of the portfolio of assets and projects located in the State of Victoria in Australia is now fully scheduled for 2025," the group said in a press release.
As a result, the group anticipates an adjusted EBITDA "between 475 and 490 million euros for the year 2024, compared to a range of 530 to 560 million euros previously indicated".
Excluding the contribution of fully or mostly sold activities, the group continues to anticipate double-digit growth in its adjusted EBITDA for 2024.
He specifies that this revision "has no impact" on the transaction underway with the Canadian asset manager Brookfield, which is in the process of buying Neoen.
The completion of the public purchase offer is "still planned for the first quarter of 2025", Neoen specifies.
The sale of the Australian assets in question was also initiated by the group "as part of the commitments made by Brookfield to obtain the agreement of the competition authority in Australia", specifies Neoen.
For 2025, Neoen confirms its ambition of an adjusted EBITDA greater than 700 million euros and its capacity in operation or under construction reaching 10 GW during the year.
Selection of products
To read also
-
The real estate development company (FTI) announces that it has created more than 1.000 housing units from office buildings.
-
Veolia aims to eliminate coal from heating in Poznan, Poland
-
SEPIC and the Roger Delattre group are joining forces to accelerate the energy renovation of territories
-
With its night-time drones, SNCF is strengthening its defenses against copper and metal thefts.
-
COP30: Hellio calls for a sovereign and equitable energy transition
-
Valobat and Afpa sign a partnership to sustainably embed the circular economy in the building trades
-
2024 Olympics: Solideo has returned €126 million to the State since 2023
-
Eiffage announces increased revenue in the third quarter and confirms its outlook
Popular News
-
Inflated quotes and inaccuracies in audits: in the face of MaPrimeRénov' fraud, on-site visits are essential.
-
What was the average cost to build a house in 2024?
-
New real estate: stable rates and government incentives favor first-time buyers
-
Mortgage rates remain stable at the end of this year, and banks are already preparing for 2026.
