French national investment bank Bpifrance and France-based asset management and investment group Tikehau Capital have agreed to invest €150 million in solar company GreenYellow, a subsidiary of French mass-retail company Groupe Casino.
“The €150 million investment will enable GreenYellow to accelerate its next development phase in France and internationally, through a number of planned energy transition schemes,” Tikehau said in a press release.
Upon completion of the transaction, Tikehau Capital and Bpifrance will jointly own around 24% of GreenYellow capital. The financial details of the deal were not disclosed.
Popular content
GreenYellow recently joined forces with France’s energy giant Engie by creating a common subsidiary that will be primarily active in the development, construction, operation and maintenance of PV power plants. The unit will be specifically dedicated to solar production for B2B.
GreenYellow was established by the Casino Group in 2007. In 2016, the company obtained authorization to implement the sale of power to final clients and power providers through its subsidiary, Greenyellow Vente d’Énergie. It has mainly deployed solar projects in France’s mainland and overseas territories, and in French-speaking Madagascar.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.