GreenYellowcontrolled by Ardian, is stepping up its development in Italy with the acquisition of a 6.2 MWp portfolio of rooftop photovoltaic plants from the Casillo group.
- GreenYellowa French company founded in 2007, is pursuing its growth in Europe, with a particular focus on accelerating its activities in Italy. This expansion is taking place through a combination of organic growth and strategic acquisitions, in line with the main priorities of its international expansion strategy.
- The company benefits from the support of Ardian, its majority shareholder, which draws on its long experience of the Italian infrastructure market to reinforce its growth. The company plans to invest over 100 million euros in Italy over the next three years.
GreenYellowthe world leader in decentralized solar power generation, with over 1,350 solar power plants, and in energy efficiency, with over 3,600 Energy Efficiency Agreements (EEA), is continuing its expansion in Europe, and is now stepping up its investments in the Italian market. This strategy is in line with Italy's strong ambitions in terms of renewable energy production, requiring an increase of 17% per year until 2030. Italian companies now need to find solutions to finance and implement their energy transition.
Founded in 2007, GreenYellow is a well-established French company with over 1,000 employees and an international presence in 4 main geographies: Europe, South America, Southeast Asia and Austral (Reunion Island, Mauritius, Mayotte and South Africa). As a long-term operator, the company owns and operates its own assets, and has established a relationship of trust with over 900 clients worldwide. Since its creation, GreenYellow has invested 2 billion euros in the energy transition of businesses.
GreenYellow Italy, based in Milan, plans to invest more than 100 million euros over the next three years in energy transition projects for local businesses throughout the country. This expansion is being carried out in collaboration with its majority shareholder, Ardian, a leading global private equity firm.
To lead GreenYellow 's development in Italy, Ardian has appointed Alessandro ALBANO as Non-Executive Chairman of GreenYellow Italy, and is recruiting an experienced team to support its market development strategy and meet the expectations of its Italian customers clients . Alessandro ALBANO's background is enriched by significant experience in various institutions and companies covering the fields of health and science, energy, commerce and engineering.
His diverse background includes roles in public affairs, international business consulting, supporting the internationalization of Italian SMEs and finance. He is currently Senior Advisor to leading companies and investment funds, and Chairman of Equiter S.p.A..
This geographic expansion reflects GreenYellow 's confidence in the potential of the Italian market and its commitment to playing a crucial role in the country's energy transition.
Otmane HAJJI, Chairman of GreenYellow, said: " The opening of GreenYellow Italy is part of the European expansion strategy announced in 2022. Convinced that GreenYellow 's presence in Italy will help accelerate the country's energy transition, we are grateful to our shareholder Ardian, our partners, our employees and our clients supporters. We look forward to working closely with Italian businesses to build a more sustainable energy future."
Accelerating the energy transition of Italian companies with a unique approach
GreenYellow offers comprehensive solutions to meet the specific needs of commercial and industrial companies in their energy projects. The company offers tailor-made, turnkey contracts, 100% financed, with a performance commitment covering the entire process - from initial diagnosis, to design, installation and operation. This strategic approach makes GreenYellow an essential partner for Italian companies, both for local SMEs and for international companies with programs spanning several countries. GreenYellow specializes in optimizing energy efficiency and harnessing solar energy, whether through ground-mounted installations, rooftop systems, parking lot shading or floating solar power plants. In addition, GreenYellow is a leader in the fast-growing solar self-consumption sector, and a benchmark player in multi-site deployment.
GreenYellow 's growth strategy in Italy combines organic growth supported by a dedicated local team, strategic partnerships, and a strong focus on acquisitions. GreenYellow 's first investment was the acquisition of a portfolio of rooftop photovoltaic plants with a total capacity of 6.2 MWp from the Casillo group. The flagship project of this acquisition is the rooftop photovoltaic installation at the Fiera di Rimini (4.2 MWp).
Alessandro Albano, Non-Executive Chairman of GreenYellow Italy, explains: "Italian industry has been engaged in an energy efficiency program for several years, and is now moving into a new era of energy transition, particularly with solar self-consumption and energy communities. Thanks to its unique experience in decentralized photovoltaics in Europe and worldwide, GreenYellow will accompany local industries in this new dimension."
Rosario Mazza, Senior Managing Director & Head of Infrastructure Italy at Ardian, added: "We are proud to support GreenYellow in its expansion on the Italian market with an innovative business model that helps its industrial clients decarbonize their activities and achieve their energy transition goals. This venture is an excellent example of Ardian's financial, entrepreneurial and strategic approach to investment and its strong commitment to the EU's climate neutrality goals, resulting in positive drivers of change for its portfolio companies, its clients and the economies of the countries in which they operate."
