The global head of French renewables takeover target Neoen says the capital intensity of the clean energy build-out and the growing complexity of the sector makes it the right time for Brookfield’s $10.6 billion take-private deal.

Xavier Barbaro, chief executive of Paris-based Neoen, one of Australia’s fastest-growing players in green generation with more than 4 gigawatts in operation or construction, said that after six years as a public company it “makes sense” to get away from the pressure for smooth, predictable growth.