Construction at Neoen’s 100MW Capital Battery project. Image: Neoen via Twitter.
French independent power producer (IPP) Neoen has reported a 46% increase in revenues for the first nine months of 2022 versus the same period last year.
The company said revenues from its solar PV business were 20% higher from January to September this year, its wind revenues up 50% and its energy storage revenues have multiplied 2.7 times over compared to the same period of last year.
In the opening nine months of 2021, Neoen netted €23.8 million (US$23.66 million) from energy storage and €65.4 million this year. Solar revenues went up from €123 million to €147.5 million and wind from €94.3 million to €141.1 million.
In reporting its latest quarterly figures, Neoen said its nine-month unaudited revenue total was €354.6 million, a 46% increase on the 2021 equivalent…