Add-on Acquisition • Energy Services and Equipment

Brookfield Renewable Partners Acquires Neoen

On March 19, 2025, Brookfield Renewable Partners acquired energy services and equipment company Neoen from Temasek Holdings and Brookfield Renewable Partners

Acquisition Context
  • This is Brookfield Renewable Partners’ 4th transaction in the Energy Services and Equipment sector.
  • This is Brookfield Renewable Partners’ 2nd transaction in France.

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M&A Deal Summary

Date March 19, 2025
Target Neoen
Sector Energy Services and Equipment
Buyer(s) Brookfield Renewable Partners
Sellers(s) Temasek Holdings
Brookfield Renewable Partners
Deal Type Add-on Acquisition

Target Company

Neoen

Paris, France
Neoen develops, finances, builds and operates green power facilities in France, enabling farmers, local authorities and companies to realize their renewable energy potential. Neoen offers a range of technologies capable of providing a rapid, large-scale response to the objectives drawn up by France's "Grenelle Environnement" think-tank and to France's energy ambitions, by generating power from various sources: solar photovoltaic, on- and offshore wind, biomass, and methane recovery. Neoen was founded in 2008 and is based in Paris, France.
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Buyer Overview 1

Buyer

Brookfield Renewable Partners

Toronto, Ontario, Canada

Category Company
Founded 1999
Sector Renewable Energy
Employees5,270
Revenue 5.9B USD (2024)
DESCRIPTION

Brookfield Renewable Energy Partners pure-play renewable power platforms globally. Its portfolio is primarily hydroelectric and totals approximately 6,700 megawatts of installed capacity. Brookfield Renewable Energy Partners was incorporated in 1999 and is headquartered in Toronto, Ontario.


Deal Context for Buyer #
Overall 22 of 22
Sector: Energy Services and Equipment 4 of 4
Type: Add-on Acquisition 7 of 7
Country: France 2 of 2
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-30 Neoen

Paris, France

Neoen develops, finances, builds and operates green power facilities in France, enabling farmers, local authorities and companies to realize their renewable energy potential. Neoen offers a range of technologies capable of providing a rapid, large-scale response to the objectives drawn up by France's "Grenelle Environnement" think-tank and to France's energy ambitions, by generating power from various sources: solar photovoltaic, on- and offshore wind, biomass, and methane recovery. Neoen was founded in 2008 and is based in Paris, France.

Buy -

Seller Profiles 2

SELLER

Temasek Holdings

Investor Investor Investor Investor Investor


Category Sovereign Wealth Fund
Founded 1974
PE ASSETS 434.0B SGD
Size Mega
Type Sector Agnostic
DESCRIPTION

Temasek Holdings is a state-owned investment holding company. Temasek is owned by the government of Singapore and invests directly and indirectly in a broad range of assets and sectors. Target sectors include financial services, telecommunications, media, technology, transportation, industrials, life science, consumer, real estate, energy, and resources. Temasek was formed in 1974 and is based in Singapore.


Deal Context for Seller #
Overall 19 of 20
Sector: Energy Services and Equipment 1 of 1
Type: Add-on Acquisition 7 of 8
Country: France 1 of 1
Year: 2025 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-27 O2 Power

Gurugram, India

O2 Power is a renewable energy platform to develop and execute utility-scale renewable projects across solar, wind, and hybrid with good quality off-takers via both greenfield project development and M&A. O2 Power was founded in 2020 and is based in Gurugram, India.

Sell $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-31 Novotech

Sydney, Australia

Novotech is a full-service contract research organization (CRO) that provides biotech and small- to mid-sized pharmaceutical companies. Novotech was founded in 1997 and is headquartered in Sydney, New South Wales.

Buy -
SELLER

Brookfield Renewable Partners

Toronto, Ontario, Canada

Category Company
Founded 1999
Sector Renewable Energy
Employees5,270
Revenue 5.9B USD (2024)
DESCRIPTION

Brookfield Renewable Energy Partners pure-play renewable power platforms globally. Its portfolio is primarily hydroelectric and totals approximately 6,700 megawatts of installed capacity. Brookfield Renewable Energy Partners was incorporated in 1999 and is headquartered in Toronto, Ontario.


Deal Context for Seller #
Overall 1 of 1
Sector: Energy Services and Equipment 1 of 1
Type: Add-on Acquisition 1 of 1
Country: France 1 of 1
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-30 Neoen

Paris, France

Neoen develops, finances, builds and operates green power facilities in France, enabling farmers, local authorities and companies to realize their renewable energy potential. Neoen offers a range of technologies capable of providing a rapid, large-scale response to the objectives drawn up by France's "Grenelle Environnement" think-tank and to France's energy ambitions, by generating power from various sources: solar photovoltaic, on- and offshore wind, biomass, and methane recovery. Neoen was founded in 2008 and is based in Paris, France.

Buy -