GreenYellow completes €32 million financing for photovoltaic and energy storage portfolio in Spain

Launched end of 2022, GreenYellow Spain has rapidly gained the trust of major local and international players seeking to accelerate their decarbonization and electrification trajectory without upfront investment. The company currently supports clients such as Monbake, Benteler, Stellantis and PTP Group, among others, through tailor-made, long-term energy solutions.

In 2024, the creation of a joint venture with Grupo Enhol, Spanish investment group specialized in the renewable energy sector, marked a key milestone in GreenYellow’s development in Spain, significantly strengthening its local footprint. Beyond its photovoltaic activities, GreenYellow Spain is also developing a portfolio of energy efficiency projects currently under construction.

This financing, comprising multiple credit lines including a 28mEUR senior facility, underscores the strong commitment of French Lenders to the strategic growth of their national IPPs across Europe.

“Completed in less than three years since GreenYellow entered the Spanish market, this first project finance operation for more than €30 million reflects the rapid, competitive and sustainable growth of our local platform,” said Nicolas Daunis, Country Manager of GreenYellow Spain. “It demonstrates our ability to structure, build and operate top-tier renewable energy projects, combined with reliable long-term off-takers. This transaction further strengthens our ambition to keep supporting commercial and industrial companies in Spain throughout their energy transition, with competitive, resilient and fully financed solutions.”

This operation once again highlights the bankability and competitiveness of GreenYellow’s infrastructure business model, which offers solutions for Comercial and Industrial companies to realize their energy transition. Through the combination of technical excellence and structured financing, the company supports the large-scale deployment of behind the meter solar, energy storage (both electrical and thermal) and energy efficiency offers, helping businesses navigate rising energy costs, supply constraints and decarbonization objectives.

“The joint venture with GreenYellow is the platform through which we channel all our investments in self-consumption and energy storage in Iberia. This partnership allows us to combine industrial capabilities with local market expertise to deliver efficient and sustainable energy solutions to industrial and commercial clients,” noted Diego and Gonzalo Oliver, Managing Directors of Grupo Enhol.

“The arrangement of this portfolio project financing in Spain has enabled us to address GreenYellow’s pan-European strategy. GreenYellow’s technical expertise is being put to good use by major commercial and industrial self-consumption customers, always with a view to decentralising energy. Bpifrance is very proud to be supporting our major French clients in this energy transition and to see projects successfully implemented throughout their value chain beyond our borders”, noted Jallil Yaker, Regional Director (East of Paris) at Bpifrance.

“For over seven years, BPCE Energeco has been working on expanding its expertise internationally. With already more than thirty financed transactions in Italy and Spain, the countries primarily targeted, it was an honor to be selected by GreenYellow to assist them on this emblematic deal. Building on this first experience, we are committed to supporting the development of GreenYellow and IPPs beyond French borders”, said Grégory Faillenet, CEO of BPCE Energeco, and Gaëdig Méola, International Director of BPCE Energeco.