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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Schneider Electric SE    SU   FR0000121972

SCHNEIDER ELECTRIC SE (SU)
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Schneider Electric : ACCIONA Joins Schneider Electrics NEO Network to Speed the Transition to Clean Power

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01/12/2019 | 03:42am EST

ACCIONA Energy and Schneider Electric today announced that the renewables company has joined Schneiders New Energy Opportunities (NEO) Network, a community of organizations committed to buying and developing renewable energy and clean technologies around the world.

ACCIONA will connect with commercial and industrial buyers in the Schneider Electric-moderated NEO Network, broadening the array of opportunities and helping speed the transition to clean, sustainable power.

Joining NEO Network is an important, strategic, global initiative for ACCIONA, said Santiago Gmez Ramos, ACCIONA Energy Management Director. The Networks centralized range of services and extensive market reach will help us accelerate our renewable energy offerings for corporations. And, as a result, we should be able to fast-track projects. A development that might have previously taken three years to engineer, finance and build now has the potential to be online in a year.

ACCIONA owns and operates more than 9,000 megawatts of renewable capacity in 15 countries, which generates over 20 terawatt-hours of green energy a year. Additionally, the company has more than 1,000 MW under construction in wind and solar PV. The companys exclusive focus is sustainability; for four consecutive years, it has been named the greenest electric utility in the world by Energy Intelligence, an independent energy market consultant.

NEO Network was launched in 2016 by Schneider Electric Energy & Sustainability Services (ESS), the worlds largest corporate renewable energy consultancy. ESS has advised clients on more than 4.5 gigawatts of large-scale renewable PPAs throughout North America, Europe, Asia and Australia. NEO Network serves the needs of more than 150 multinational corporations and solution providers in these regions, with the objective to accelerate renewable and cleantech decision-making.

Through NEO Network, ACCIONA will gain access to market reports alongside increased reach and exposure to the corporate buying community, enabling the company to innovate and advance renewable energy transactions worldwide.

In August, Schneider Electric introduced Accelerator Access for its New Energy Opportunities (NEO) Network, an online community that connects companies with resources to efficiently identify, evaluate and advance renewable energy transactions and technologies.

Commercial and industrial (C&I) businesses can now join the NEO Network at no cost, receive offers from developers, such as below-market pricing, and preferred terms and conditions, and access industry experts, peers and tools to make smart energy decisions and quickly meet sustainability goals.

(c) 2019 Bakhtar News Agency. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
ACCIONA 1.07% 79.68 End-of-day quote.7.82%
SCHNEIDER ELECTRIC SE 3.04% 60.26 Real-time Quote.0.90%
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Financials (€)
Sales 2018 25 663 M
EBIT 2018 3 592 M
Net income 2018 2 361 M
Debt 2018 4 850 M
Yield 2018 3,86%
P/E ratio 2018 14,15
P/E ratio 2019 12,84
EV / Sales 2018 1,55x
EV / Sales 2019 1,46x
Capitalization 34 888 M
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 70,7 €
Spread / Average Target 17%
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NameTitle
Jean-Pascal Tricoire Chairman & Chief Executive Officer
Christel Heydemann Executive Vice President-France Operations
Emmanuel Andre Marie Babeau Deputy Chief Executive Officer-Finance & Legal
Hervé Coureil Executive Vice President-Information Systems
Cathy Kopp Independent Director
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