Xavier Barbaro, CEO of Neoen, discusses the current political situation in France, with the absence of a clear majority. He notes that this situation is unprecedented for a country that is used to having a well-defined government. In his view, this could be beneficial, as there would be no strong majority, which is a new dynamic to observe.

In the energy sector, Barbaro acknowledges that politics has a significant impact, especially with the impending elections. He mentions that Neoen, as a major player in the renewable energy sector, is concerned about the outcome, particularly in the event of a victory for the Rassemblement National, which might give less priority to renewable energy. However, he remains confident as Neoen has already established relationships with MPs from various political parties, including the Rassemblement National, in the regions where the company operates wind farms.

Barbaro stresses the competitiveness of solar and wind power, which provide local and competitively priced energy that benefits everyone, regardless of views on climate change. He points out that Neoen will continue to operate whatever the political majority, thanks to its ability to offer affordable energy.

Finally, he answered questions about the impact of the political situation on Neoen's contractual agreements, particularly with Brookfield. He clarified that Neoen, whose activities in France represent only 25% of its global operations, is well positioned to grow regardless of political changes, thanks to its diversified strategy and significant local economic impact.

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