GreenYellow and Enhol Group join forces to invest €200 million in energy projects in Spain
- This strategic alliance has been created with the aim of offering a global energy solution by combining the synergies of the two companies in the fields of solar self-consumption, energy efficiency, storage and energy marketing projects.
- The aim is to reach a total capacity of 300 MWp within five years.
- The two companies plan to invest in energy efficiency projects to generate around 100 GWh in energy savings.
- It will operate under the GreenYellow brand and will benefit clients in terms of environmental impact, competitiveness and reduced operating costs.
GreenYellowa world leader in decentralized solar production and energy efficiency projects, owned by the private equity fund Ardian, and the Enhol Group, a world leader in the development of renewable energy projects, have joined forces to become a major player in decarbonization in Spain. With an existing portfolio of clients local and international, this strategic alliance plans to invest €200 million over the next five years to reach 300 MWp. It builds on a number of completed and ongoing projects, with the aim of accelerating its growth. It will also invest in energy efficiency projects to generate around 100 GWh in energy savings.
This new entity, which will operate under the GreenYellow brand, will offer clients tertiary and industrial customers in Spain a comprehensive platform of decarbonization offerings , thanks to the synergies between the two companies. On the one hand, GreenYellow will bring its expertise in decentralized, 100%-financed energy transition, such as PPAs for industrial self-consumption and energy efficiency projects under the "As a Service" model. The strategic alliance will continue to develop its ecosystem of EPCs and installers, placing its partners at the heart of its growth strategy and strengthening commercial interactions. On the other hand, the Enhol Group will integrate its range of energy solutions to offer energy commercialization, with its own production capacity from renewable sources. Both companies will develop new activities such as energy storage for potential clients customers.
This strategic alliance will be able to provide 100% of the energy solutions needed to support clients in its decarbonization drive. For example, it will have the joint capacity to purchase self-consumption facilities that are already operational, and then structure PPAs for these facilities with storage to cover the most expensive hours of consumption. This integration will enable clients to improve their energy independence, achieve their energy transition, increase their competitiveness and reduce their operating costs without increasing their debt.
Marcelino Oreja, Chairman of the Alliance, Chairman of GreenYellow Iberia (Spain and Portugal) and Member of the Board of Directors of the GreenYellow group, comments: "This agreement is in line with our strategy of organic and external growth in Spain, a dynamic market offering numerous opportunities thanks to its sustained commitment to the energy sector and sustainable investment. It reflects our ambition to grow exponentially in Europe and worldwide, with the support of our partner Ardian".
Nicolas Daunis, Managing Director of GreenYellow Iberia (Spain and Portugal) : "We are delighted to be joining forces with one of the most important players in Spain's renewable energy ecosystem. Thanks to the combination of our 17 years of international expertise in promoting this type of project and the solid local knowledge of the Enhol Group, which has been operating in the renewable energy sector in Spain for over 30 years, we will be able to offer clients commercial and industrial customers a unique operator in the field of decarbonized energy and energy efficiency. This agreement takes us a step further in our objective for the Spanish market: to guarantee and facilitate the energy savings and sustainable transition that businesses want to achieve. "
For his part, Ismael García, Director of Business Development in the Enhol Group's energy sector, comments: "This alliance with GreenYellow as a strategic partner is a further step in the growth of the Enhol Group's distributed generation division. We are convinced that this partnership will bring something new to the self-consumption market in Spain, such as the possibility of acquiring operating facilities, among others, to structure new on-site PPAs by adding storage and thus being able to sell energy at peak times at a fixed price".
