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.

Partagez:

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.

Invenergy seals four further contracts with Meta to supply nearly eight hundred megawatts of solar and wind power to the group’s data centres, lifting total cooperation between the two companies to one point eight gigawatts.
Pedro Azagra leaves his role as CEO of Avangrid to become CEO of Iberdrola, while Jose Antonio Miranda and Kimberly Harriman succeed him as CEO and Deputy CEO respectively of the American subsidiary.
The US investment fund Ares Management enters Plenitude's capital by acquiring a 20% stake from Eni, valuing the Italian company at 10 billion euros and reinforcing its integrated energy strategy.
ENGIE secures a contract to reduce Airbus' industrial emissions in France, Germany, and Spain, targeting an 85% decrease by 2030 through various local energy infrastructures.
Alain Rhéaume, Chairman of Boralex’s Board of Directors for eight years, will leave his position by December, following the appointment of his successor by the governance committee of the Canadian energy group.
Norwegian group Statkraft plans an annual cost reduction of NOK2.9bn ($292 million) by 2027, citing possible job cuts amid rising financial burdens and volatility in the European energy market.
EDF merges EDF Renouvelables and its International Division into EDF power solutions, led by Béatrice Buffon, to optimise its global 31 GW low-carbon energy portfolio and strengthen its international positioning.
TotalEnergies announces a strategic partnership with Mistral AI to establish a dedicated innovation laboratory integrating artificial intelligence tools aimed at enhancing industrial efficiency, research, and customer relations.
The Energy Transitions Commission warns of economic risks tied to growing protectionism around clean technologies, while calling for global consensus on carbon pricing.
Baker Hughes has reached an agreement to sell its precision sensor product line to Crane Company for $1.15bn, thereby refocusing its operations on core competencies in industrial and energy technologies.
American conglomerate American Electric Power sold 19.9% of two transmission subsidiaries to KKR and PSP Investments, raising $2.82bn to support its five-year $54bn investment plan.
The new mapping by Startup Nation Central identifies 165 active companies in Israel’s energy technologies, amid strong private funding and growing global market interest.
The new CEO of EDF, Bernard Fontana, aims to achieve €1 billion in operational cost savings for the French energy giant by 2030, prioritizing industrial contracts and the national nuclear sector.
CMS Energy Corporation has announced a cash tender offer for debt securities totalling $125 million, issued by Consumers Energy. The offer expires on July 3, 2025, with priority given to bonds submitted before June 17, 2025.
Vermilion Energy is exiting the U.S. market permanently by selling its assets for C$120mn ($87.88mn), refocusing its operations on Canada and Europe while reducing its debt and investment budget.
In 2024, Italian energy giant Eni paid approximately €8.4 billion to various global governments. These payments, primarily concentrated in Africa and Asia, reflect its commitments in the international energy sector.
The International Energy Agency projects a record-high global energy investment in 2025, driven by electricity and low-carbon technologies despite geopolitical and economic uncertainty.
The Czech regulatory authority launches an investigation into suspected collusion involving several major actors in the awarding of a thermal power plant, putting transparency of a strategic transaction for the energy sector at stake.
The Democratic Republic of Congo is set to replace its temporary ban on cobalt hydroxide exports with quotas, aiming to balance global demand, secure revenue, and stabilize market fluctuations.
European Energy secured EUR 145mn in financing from SEB and Swedbank to support wind, solar, and storage assets in Lithuania, reinforcing its regional expansion strategy.