GreenYellow accélère son développement au Portugal et en Pologne avec l’acquisition de Grow Energy Management (GEM)
- GreenYellow, a major player in the energy transition, controlled by Ardian, one of the world’s leading private equity firm, is pursuing its growth in Europe with the acquisition of Grow Energy Management (GEM) and two photovoltaic portfolios.
- This operation makes GreenYellow a leader in Solar photovoltaic and energy efficiency
Energy Efficiency in Portugal and Poland in the industrial and commercial sectors. GreenYellow integrates a multisite portfolio of nearly 120 MWp ready for construction or already in operation in operation, including a large-scale 100 MWp project in Poland with Biedronka (Jeronimo Martins Group).
- In collaboration with GEM’s management team, GreenYellow also plans to develop over 100 MWp over the next 3 years in Poland and Portugal.
GreenYellow, a major player in the energy transition, specializing in decentralized solar photovoltaic production and energy efficiency projects, announces the integration of the platform of Grow Energy Management (GEM), an expert in decentralized photovoltaics and a leading player in Portugal and Poland. This operation, which includes two project portfolios, marks a major step in GreenYellow’s
GreenYellow’s expansion in these two countries. As a result, the Group is strengthening its position as a leading player in the Solar photovoltaic sector for companies in the industry and commercial distribution sectors in both Poland and Portugal.
The transaction includes almost 120 MWp of decentralized solar projects ready for construction or already in operation, in the industry and commercial distribution sectors. This includes, in particular, a portfolio of projects with a total capacity of 100 MWp with Biedronka in Poland (Jeronimo Martins Group).
With this operation, including an exchange of shares, GEM and GreenYellow Portugal will become a single entity (GreenYellow Portugal) based in Lisbon and controlled by GreenYellow. This entity will continue to develop the Group’s two flagship offerings: decentralized photovoltaics, with a particular focus on solar self-consumption, and EaaS (Energy-as-a-Service), to accelerate the decarbonization of businesses.
Miguel Almeida Henriques, Miguel Magalhães and Bernardo Matos will co-lead GreenYellow Portugal, continuing the successful development initiated with GEM. Their ambitious goal is to develop over 100 MWp of decentralized solar projects over the next three years in both Portugal and Poland. Alongside GreenYellow Polska, they will also support the development and operation of existing projects and accompany future initiatives in Poland.
This transaction consolidates GreenYellow’s position as a major player in solar self-consumption in Europe. GreenYellow plans to invest nearly 150 million euros over the next three years in Portugal and Poland to accelerate its clients’ energy transition.
“We are delighted to welcome the GEM teams to GreenYellow. This integration testifies to the trust placed in us by GEM and their clients, a valuable asset in this operation. I’d also like to thank our shareholder Ardian, Marcelino Oreja (President of GreenYellow Iberia and Member of the Board of Directors of the GreenYellow Group), our partners and employees for their support. This operation is part of our strategy to accelerate our expansion. European energy transition, announced at the end of 2022, and underlines our commitment to contribute actively to the energy transition of Portugal and Poland, with even greater ambition.” says Otmane Hajji, President of GreenYellow.
“GEM has developed a unique expertise in the Portuguese market in self-consumption (UPAC) with leading clients. GreenYellow is the ideal partner for the next stage of our development. growth, bringing both the financial capacity and the technical expertise to accelerate our development in order to provide our clients with the best solar decentralized power generation and energy efficiency solutions at competitive and sustainable prices, thus helping to reduce the costs of energy consumption.emissions and promote a cleaner, more sustainable future. Our compatibility Our geographic presence in Poland and Portugal will enable us to generate commercial synergies between the teams,” says Miguel Almeida Henriques, President of GEM and co-CEO of GreenYellow Portugal.
