Brookfield becomes majority shareholder of Neoen for €6 billion

The Canadian group Brookfield acquired 53.12% of the capital of Neoen, a French renewable energy specialist, paving the way for a public offer for the remaining shares.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

The Canadian asset manager Brookfield, through its Brookfield Renewable Partners platform, officially acquired 53.12% of Neoen’s capital on Friday. Neoen is one of the leading French companies in renewable energy. This transaction marks a significant milestone for Neoen, which could potentially delist from the Paris Stock Exchange.

Brookfield also announced its intention to submit, in the coming days, a public offer proposal for the remaining shares. According to Bloomberg, Neoen’s current market capitalization exceeds €6 billion, while the purchase offer will be priced at €39.85 per share, pending approval by the French Financial Markets Authority (AMF).

An ambitious growth strategy

Founded in 2008, Neoen has quickly established itself in the global renewable energy market. The company currently operates in 16 countries, including Australia, France, and Finland. Its installed and under-construction capacity reaches 8.7 gigawatts, according to internal data.

Benefiting from profitability achieved as early as 2011, Neoen has pursued an ambitious growth strategy. The company went public in 2018 and is now part of the SBF 120 index, which represents major companies listed in France.

Impala hands over control

Before this acquisition, Neoen was controlled by Impala, the holding company of businessman Jacques Veyrat, which held 42.14% of its capital. This strategic shift highlights the growing influence of foreign investors in key sectors of the energy transition.

A similar move was observed last March when the U.S. investment fund KKR launched a public offer for Encavis, a German company specializing in wind and solar energy, for €2.8 billion.

Strategic perspectives for Brookfield

Xavier Barbaro, CEO of Neoen, expressed satisfaction with this agreement: “Sharing the same vision of clean, competitive, and locally produced energy, we look forward to building an infinite growth future with Brookfield for Neoen.”

With this acquisition, Brookfield strengthens its position in the renewable energy market while adding a key player to its global portfolio. If the Canadian group manages to acquire more than 90% of Neoen’s capital and voting rights, the company could be delisted from the Paris Stock Exchange, facilitating a strengthened integration strategy and accelerated growth.

The Nexans Board of Directors has officially appointed Julien Hueber as Chief Executive Officer, ending Christopher Guérin’s seven-year tenure at the helm of the industrial group.
JP Morgan Chase has launched a $1.5 trillion, ten-year investment initiative targeting critical minerals, defence technologies and strategic supply chains across the United States.
Amid rising global demand for low-carbon technologies, several African countries are launching a regional industrial strategy centred on domestic processing of critical minerals.
Maersk and CATL have signed a strategic memorandum of understanding to strengthen global logistics cooperation and develop large-scale electrification solutions across the supply chain.
Aramco becomes Petro Rabigh's majority shareholder after purchasing a 22.5% stake from Sumitomo, consolidating its downstream strategy and supporting the industrial transformation of the Saudi petrochemical complex.
Chevron India expands its capabilities with a 312,000 sq. ft. engineering centre in Bengaluru, designed to support its global operations through artificial intelligence and local technical expertise.
Amid rising energy costs and a surge in cheap imports, Ineos announces a 20% workforce reduction at its Hull acetyls site and urges urgent action against foreign competition.
Driven by growing demand for strategic metals, mining mergers and acquisitions in Africa are accelerating, consolidating local players while exposing them to a more complex legal and regulatory environment.
Ares Management has acquired a 49% stake in ten energy assets held by EDP Renováveis in the United States, with an enterprise value estimated at $2.9bn.
Ameresco secured a $197mn contract with the U.S. Naval Research Laboratory to upgrade its energy systems across two strategic sites, with projected savings of $362mn over 21 years.
Enerflex Ltd. announced it will release its financial results for Q3 2025 before markets open on November 6, alongside a conference call for investors and analysts.
Veolia and TotalEnergies formalise a strategic partnership focused on water management, methane emission reduction and industrial waste recovery, without direct financial transaction.
North Atlantic and ExxonMobil have signed an agreement for the sale of ExxonMobil’s stake in Esso S.A.F., a transaction subject to regulatory approvals and financing agreements to be finalised by the end of 2025.
The Canadian pension fund takes a strategic minority stake in AlphaGen, a 11 GW U.S. power portfolio, to address rising electricity demand from data centres and artificial intelligence.
Minnesota’s public regulator has approved the $6.2bn acquisition of energy group Allete by BlackRock and the Canada Pension Plan, following adjustments aimed at addressing rate concerns.
The Swiss chemical group faces two new lawsuits filed in Germany, bringing the total compensation claims from oil and chemical companies to over €3.5bn ($3.7bn) in the ethylene collusion case.
Statkraft continues its strategic shift by selling its district heating unit to Patrizia SE and Nordic Infrastructure AG for NOK3.6bn ($331mn). The deal will free up capital for hydropower, wind, solar and battery investments.
Petronas Gas restructures its operations by transferring regulated and non-regulated segments into separate subsidiaries, following government approval to improve transparency and optimise the group’s investment management.
Marubeni Corporation has formed a power trading unit in joint venture with UK-based SmartestEnergy, targeting expansion in Japan’s fast-changing deregulated market.
Exxon Mobil plans to reduce its Singapore workforce by 10% to 15% by 2027 and relocate its offices to the Jurong industrial site, as part of a strategic investment shift.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.