HMC Capital to acquire Victorian portfolio of Neoen for AUD950m.

HMC Capital, an Australian alternative asset manager, agreed to acquire Victorian portfolio of Neoen, a French solar power plants, onshore wind farms and energy storage solutions provider, for AUD950m. "We are extremely proud of the legacy of our Victorian portfolio – it represents a huge collective effort and a significant contribution to the State’s energy transition, and we remain deeply grateful for strong support of AEMO and the Victorian Government. We will continue to work diligently over the coming months with HMC Capital, and with our host landowners and project communities, to facilitate a smooth handover. And with renewed focus, we now redouble our efforts towards realising our ambition of 10 GW in Australia by 2030," Jean-Christophe Cheylus, Neoen Australia CEO.