Herbert Smith Freehills Kramer France advised Neoen on sale of 760 MW operational portfolio to Plenitude

Herbert Smith Freehills Kramer France represented Neoen in the sale of a 760 MW operational French portfolio to Plenitude, a subsidiary of Eni. The transaction covers a portfolio of 760 MW of operational assets in France comprising 52 installations: 37 solar power plants, 14 onshore wind farms and one battery storage unit. Under the agreement, Neoen will continue to manage these assets for several years under an asset management contract with Plenitude. Following completion of the operation, Neoen will retain approximately 1.1 GW of assets in France, including 754 MW of solar, 307 MW of onshore wind and 115 MW / 213 MWh of battery storage. The company also maintains a significant development pipeline across France. The divestment forms part of Neoen’s targeted asset-rotation strategy to reallocate capital in support of growth and innovative energy solutions. Finalisation of the transaction is expected by the end of the year, subject to receipt of required regulatory approvals and customary closing conditions. Herbert Smith Freehills Kramer France represented Neoen with a team composed by: Corporate / M&A — Cyril Boulignat (partner), Noémie Laurin (of counsel), Sung‑Hyuk Kwon (of counsel) and Thomas Aulibé (associate); Project finance — Mathias Dantin (partner), Anna Zoumenou (associate), May‑Anaïs Zebdji (associate) and Thomas Prévost (associate); Real estate — Anne Petitjean (partner), Timothée Carpentier (associate), Quentin Bachelot (associate) and Jean‑Baptiste Verlhac (associate); Finance — Régis Oréal (partner), Joelle Chetrit (of counsel), Aida Diene (associate) and Marion Régnard (associate); Competition law — Marie Louvet (of counsel).

Herbert Smith Freehills Kramer France advised Neoen on sale of 760 MW operational portfolio to Plenitude

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