Dubai, UAE, 30 January 2019: Acciona Energy has joined Schneider’s New Energy Opportunities (NEO) Network, a growing community of organisations committed to buying and developing renewable energy and clean technologies around the world, the two companies announced in a Press communiqué.

The partnership will give the over 150 commercial and industrial companies that are NEO Network members access to a more diverse set of purchasing options to meet their sustainability targets, the communiqué said. It will also help Acciona streamline the expansion of its portfolio, the communiqué further said.

Commenting on the partnership, Santiago Gómez Ramos, Director, Acciona Energy Management, said: “Joining NEO Network is an important, strategic, global initiative for Acciona. The Network’s centralised 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 and generates over 20 terawatt-hours of Green Energy a year, the communiqué said. NEO Network was launched in 2016 by Schneider Electric Energy and Sustainability Services (ESS) and has advised clients on more than 4.5 gigawatts of large-scale renewable PPAs throughout North America, Europe, Asia and Australia, the communiqué further said. 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, the communiqué added.

John Hoekstra, Vice President of Sustainability and Cleantech Services, Schneider Electric, said: “This partnership is an exciting milestone for both companies and is indicative of NEO Network’s global influence. As Acciona propels renewable energy development forward, we will deliver the intelligence and connections that give the business community the confidence to increase the pace of their sustainability efforts — good for their bottom lines, local and global economies and the planet.”