GreenYellow announces a €70m fundraising
for the development of 133 solar plants in France
GreenYellow, a leader in the decentralized energy transition, announces the conclusion of a €70 million financing operation to support the development of 133 solar power plants in mainland France, representing a total installed capacity of 74.5 MWp.
This structured financing was secured by Caisse d’Épargne Île-de-France, a long-standing partner of GreenYellow, demonstrating its commitment to renewable energy and the energy transition.
GreenYellow France in a few figures:
- 2021: Signing of the first financing transaction
- 7 successive transactions over 4 years
- 510 projects (re)financed
- 273 MWp installed capacity
- €270M in debt raised
Un projet d’envergure pour la transition énergétique
With a total installed capacity of 74.5 MWp, these solar power plants will significantly contribute to the annual production of over 85 GWh of clean energy. Of this production, 30% will be allocated to self-consumption, directly reducing the energy dependence of local sites, while 70% will be injected into the grid, thereby strengthening the supply of green electricity at a national level.
This diversified portfolio of photovoltaic projects is evenly distributed across France. The portfolio primarily comprises solar rooftops on buildings (2/3) and photovoltaic carports (1/3), complemented by a few ground-mounted solar plants installed on large commercial and industrial properties. Additionally, the first projects combining photovoltaics and energy storage (BESS), a major strategic focus for GreenYellow, have been added to this portfolio.
This portfolio reflects GreenYellow’s strategy of supporting B2B clients, particularly within the framework of the tertiary decree and the APER law, addressing obligations for solarizing new rooftops and large parking areas. It also highlights GreenYellow’s ability to mobilize structured financing to accelerate the development of renewable energy while addressing today’s energy challenges.
The success of this operation is based on the combined expertise of the various stakeholders:
- Lenders’ Advisors:
- Legal Due Diligence: Bryan Cave Leighton Paisner (BCLP)
- Technical Due Diligence: Syneria
- Financial Model: H3P
- Insurance: Marsh
- Borrower’s Legal Advisor: Bentam Avocats
“We are proud to successfully complete this financing operation, which marks a new milestone in our solar energy development strategy in France. This project once again demonstrates our commitment to contributing to the energy transition and providing sustainable solutions for our clients and partners,” said Romain BUTTE, Managing Director of GreenYellow France.
Mathieu CAMBET, Deputy Managing Director of GreenYellow France, added:
“This fundraising illustrates our ability to deliver large-scale, multi-site solar projects. It also reflects the strength of our partnerships and our ambition to play a leading role in the energy transition in France. These projects will have a significant impact, both environmentally and economically, by contributing to a more sustainable energy future.”
“We are very pleased to support GreenYellow France in this project, which will significantly contribute to the energy transition and the development of self-consumption. We thank our client for their renewed trust,” said Frédérique DELFRAYSSI, Director of Renewable Energy Project Financing at Caisse d’Épargne Île-de-France.
