French renewables company GreenYellow has finalized the acquisition of three portfolios of operating assets, including 20 MW of solar photovoltaic (PV) parks, from venture capital investment firm Demeter Investment Managers. The acquired assets consist of energy efficiency projects and two solar plants, Vanilla and Lavanda Solar.
As part of the deal, GreenYellow has secured a majority stake in Eifficentre, a public-private partnership with Eiffage, engaged in a 15-year contract to enhance the energy efficiency of 18 high schools in the Centre-Val de Loire region.
Additionally, GreenYellow has taken ownership of the 13-MW Vanilla Solar portfolio, featuring six rooftop PV arrays initially developed by GreenYellow and later transferred to investors. The acquisition also encompasses the 7-MW Lavanda Solar bundle, which includes 11 rooftop PV systems in mainland France, operational between 2010 and 2011 and projected to produce around 7.7 GWh of electricity annually.
President of GreenYellow, Otmane Hajji, commented on the acquisition, stating, “With this acquisition, GreenYellow continues to invest in innovative and sustainable projects, thus supporting its mission as a privileged partner for businesses and communities in their energy transition.”
