Founded in 2008, Neoen is a fast-growing company, France’s leading independent producer of renewable energy and one of the top industry players worldwide. We have doubled our output in the space of 18 months. More than 2 GW are already operating or under construction with a further 1 GW worth of projects secured. We have projects in operation and under construction in eleven countries. We conduct our projects from beginning to end, ensuring we produce the most competitively-priced energy. Our pioneering attitude has led to several outstanding achievements, namely Europe’s largest-capacity power plant (300 MW) in Cestas, France. We are the leading independent producer of renewable energy in France, Australia, El Salvador, Jamaica and Zambia.
Forecast full year revenue
This represents Neoen’s energy sales in 2018, an increase of 63% on the company’s revenues in 2017. This entirely organic growth was due primarily to the consolidation over a full year of projects that came into service in 2017 and the commencement of operations of nearly 400MW of new projects.
In operation and under construction
This figure indicates total power already financed which is in operation or will be in operation in the near future. This amount of power is sufficient to supply cities such as Lyon, Marseille and Toulouse with green electricity.
Neoen is present in 11 countries, with plants already operating, under construction or with financing underway. We are the leading independent producer of renewable energy in France, Australia, El Salvador, Jamaica and Zambia. We have numerous projects in the pipeline and in the near future our operations will span 15 countries.
This is the target for installed capacity, in operation or under construction, that Neoen has set itself by 2021. By mid-2018, 3GW, or nearly two-thirds of this target, had already been secured. By the same point, the group’s projects under development represented total capacity of 7.4 GW.
Founded in 2008, within ten years, Neoen has become a world-class provider of renewable energy. We have based our rapid, profitable growth on geographical and technological diversification, applying a portfolio approach to strategy and therefore containing risk. We have projects in operation and under construction in eleven countries. From a technological point of view, Neoen develops and operates solar power plants and onshore wind farms and has acquired expertise in storage, developing and operating the world’s biggest battery.
Our company values form the basis of all our relations with business partners, customers and end- users. Our 148-strong workforce embraces more than 20 different nationalities and the values we share underpin our corporate identity and are borne out in the way we conduct our day-to-day business.
We believe we can become a world leader in renewable energy. We have the audacity to operate globally, imagining, designing and implementing competitive, effective energy solutions.
We uphold all our commitments, internal and external. We believe in hard work and take pleasure in seeing a good job well done.
We operate with integrity, whatever we do, whenever and wherever we do it. We work with partners who abide by the same rules. Our ethical approach is an asset in our worldwide operations.
We are loyal to each other and form a close-knit team. We are proud of our company, our goals and our accomplishments.
Xavier Barbaro is a graduate of the Ecole Polytechnique and Ecole Nationale des Ponts et Chaussées de Paris and holds an MBA from Harvard. He began his career with LDCom in 2001, before joining Louis Dreyfus Commodities in Geneva as an attaché of the CEO. He was in charge of the business plan and conducted several projects in Asia, particularly in the biofuel sector. Xavier joined Direct Energie in 2007 as director of development and founded Neoen in 2008.
A graduate of the Ecole Normale Supérieure, Romain Desrousseaux began his career with LDCom where he led the investment program in broadband internet. In 2008, he joined the Louis Dreyfus Commodities Group, first as Deputy Director of Information Systems. After two years, he took the helm of the Africa and Middle-East region. In January 2013, Romain joined Neoen as Deputy CEO in charge of developing international projects.
After ten years in innovation and product development at France Télécom, Paul-François Croisille became head of Marketing of the Spanish operator Uni2. In 2000, he joined LDCom, where he developed transmission and communication services for operators. In 2003 he launched the French arm of Swisscom Hospitality Services, a subsidiary of the Swiss operator, before taking control of global operations in 2006. He joined Neoen in 2010. Paul-François graduated from the Ecole Polytechnique, is a Telecommunications Engineer and holds an MBA from Harvard.
Serge Stepanov graduated from Mines de Paris, holds an MBA from Harvard. He has over than eighteen years of experience in operations and finance. He started his career with Danone in Russia, before moving to France and then Asia. He joined Louis Dreyfus Commodities in 2007 where he handled business development and corporate treasury in North America. In late 2010, Serge was appointed CFO of Biosev in Brazil, the IPO of which he completed in 2013. Serge joined Neoen in 2014.
Olga graduated from Lomonosov Moscow State University, attended the Paris IEP (Institute of Political Studies) and qualified as a corporate lawyer in Paris. She began her career in Moscow in 2000 at the European Business Club (association defending the interests of European companies in Russia) before joining Bureau Francis Lefebvre. Admitted to the Paris Bar of lawyers in 2006, she was appointed to the Paris office of Cleary Gottieb Steen & Hamilton LLP, responsible for complex operations on an international scale. Olga joined Neoen in 2018.
Neoen is incorporated as a société anonyme (public limited company). Neoen is governed by a Board of Directors with seven members, three of whom are independent and three women, plus a censeur. Neoen has a Nominations and Remuneration Committee and an Audit Committee, both of which have three members, of whom two on each committee are independent. Neoen’s governance framework complies with the relevant AFEP-MEDEF recommendations.
Simon Veyrat graduated from École des Hautes Études Commerciales de Paris (HEC Paris), where he studied management and business law. He also studied and business and tax law at université Sorbonne Paris 1, and holds a Certificat d’Aptitude à la Profession d’Avocat (CAPA). As part of his education, Simon Veyrat has had various professional experiences at corporate law firms.
Stéphanie Levan began her career at Ernst & Young, where she carried out audit and consulting assignments during five years at various listed French and international companies. She then joined the Plastic Omnium group, an automobile parts manufacturer and specialist in the collection and management of urban waste, as group consolidation director and then internal audit director. In September 2004, she joined the Louis Dreyfus group as group consolidation director and, at the time of a spin-off, became the Chief Financial Officer of the Impala SAS group (formerly Louis Dreyfus SAS). Her role in the consolidation department of the Louis Dreyfus group and then of the Impala SAS group has given her a thorough understanding of the Group since the creation of the Company in 2008. Stéphanie Levan graduated from EDHEC and is a certified public accountant.
Xavier Barbaro is the Company’s Chairman and Chief Executive Officer. He started his career at Louis Dreyfus Communications (Neuf Cegetel) in Geneva in 2001, before joining Louis Dreyfus Commodities in Geneva as assistant to the Managing Director, where he was in charge of the business plan and carried out several projects in Asia. He then joined Direct Energie in 2007 as Director of development before founding Neoen in 2008. Xavier Barbaro graduated from École Polytechnique and École Nationale des Ponts et Chaussées and holds an MBA from Harvard Business School.
Céline André began her career as a lawyer in 2004 in the mergers and acquisitions practices of French law firms such as Gide Loyrette Nouel and Veil Jourde. In 2012, she joined the legal department of the Fonds Stratégique d’Investissement (FSI) before serving as an in-house lawyer within the legal department of Bpifrance in 2013. She became Director of Investments for the mid- and large-cap team at Bpifrance Investissement in 2016, and then Director of Investments for the same team as of October 1, 2017. Céline André holds a master’s in private law from the university of Lille 2 and a CAPA (Certificate of Aptitude for the Legal Profession) certificate. She is also a graduate of EDHEC – Grande École (2002) and holds a corporate director certificate from the Institut français des administrateurs.
Christophe Gégout began his career in 2001 at the French Treasury Department and in 2003 moved to the Budget Department where he was government consultant. In 2007, he became an advisor to the Ministry of Finance. He joined the French Atomic Energy and Alternative Energy Commission (CEA) in April 2009, initially as Finance Director before becoming Deputy Chief Executive Officer in September 2015. He was also appointed Chairman of CEA Divertissement, a CEA subsidiary, in January 2010, and then in 2018 took up chairmanship of the French National Alliance for Energy Research Coordination (Ancre). Christophe Gégout is now Senior Investment Director at Meridiam, one of the world market leaders in investment and asset management in public infrastructure projects serving local authorities. He holds degrees from the École Polytechnique, Sciences-Po Paris and ENSAE (École nationale de la statistique et de l’administration économique).
Helen Lee Bouygues began her career in 1995 at J.P. Morgan, as an associate in mergers and acquisitions in New York and Hong Kong. In 1997, she was appointed Development Director of Pathnet, a telecommunications services provider based in Washington, DC, and then in 2000 joined Cogent Communications where she worked as Treasurer, Chief Operating Officer and Chief Financial Officer until 2004. Helen Lee Bouygues was subsequently appointed partner at Alvarez & Marsal in Paris, which she left in 2010 to create her own consulting firm. In 2014, she joined McKinsey & Company, where she became a partner in charge of the Recovery and Transformation Services department. Since February 2018, she has been President of LB Associé, a consulting firm. Helen Lee Bouygues holds a Bachelor of Arts in political science, magna cum laude, from Princeton University and an MBA from Harvard Business School.
Bertrand Dumazy began his career in 1994 as a consultant with Bain & Company, first in Paris and later in Los Angeles. He then worked as an Investment Director of BC Partners in 1999 before founding Constructeo. In 2002, he joined the Neopost group. Initially head of Marketing and Strategy, he was appointed Chairman and Chief Executive Officer (CEO) of Neopost France in 2005 and then Chief Financial Officer for the Neopost Group in 2008. In 2011, he became President and CEO of Deutsch, a world leader in high performance connectors, a position he held until the group was acquired by TE Connectivity. In 2012, he joined Materis Group as Executive Vice-President and then CEO and eventually President and CEO of Cromology. In October 2015, he was appointed Chairman and CEO of Edenred group. He also became Chairman of the Supervisory Board of UTA in November 2015. Bertrand Dumazy is a graduate of ESCP Europe with an MBA from Harvard Business School.
Jacques Veyrat began his career in 1989 at the industrial restructuring interdepartmental committee (treasury department), where he was rapporteur until 1991. From 1991 to 1993, he was deputy secretary general of the Paris Club, and subsequently became a technical advisor to the Ministry of Transportation Equipment, Tourism and the Sea as of 1993. In 1995, he joined the Louis Dreyfus group as Managing Director of Louis Dreyfus Armateurs until 1998, before becoming Chairman and CEO of Louis Dreyfus Communications (Neuf Cegetel) from 1998 to 2008 and Chairman and CEO of the Louis Dreyfus group until 2011. Since 2011, he has been President of Impala SAS. Jacques Veyrat graduated from the École polytechnique and Collège des ingénieurs, and is an engineer of the Corps des Ponts et Chaussées.
Neoen’s Board of Directors is refreshed by rotation, and so only a portion of the Board of Directors’ members stand for re-election each year. The Ordinary General Meeting has set the length of directors’ term in office at 4 years.
Australian Prime Minister Malcolm Turnbull and French President Emmanuel Macron witnessed the signing of landmark agreements between Neoen and GFG Alliance designed to dramatically reduce energy costs to industry in Australia.