Decentralized energy producer GreenYellow continues its growth in Europe with the acquisition of three operational asset portfolios from venture capital firm Demeter Investment Managers. The acquired assets include the Eifficentre, a portfolio of energy efficiency projects in collaboration with Eiffage, as well as the solar plants Vanilla Solar (deployed in Istres in the south of France, Reunion Island and Mayotte) and Lavanda Solar in Auvergne, PACA and Rhône Alpes. These three assets were 100% owned by Demeter 4 Infra (excluding Eifficentre with 81%), the first infrastructure fund established by Demeter in 2015. “We are delighted to consolidate our presence in the French overseas territories and actively contribute to transformative energy. in France. This operation also allows us to expand our operational portfolio in line with our long-term operator model,” states Otmane Hajji, President of GreenYellow.

Solar power plant in Lavanda’s portfolio of assets.

Image: Green Yellow

Eifficentre aims to improve the energy efficiency of 18 secondary schools in the Centre-Val de Loire region through an energy performance contract. This 15-year contract with the Center region, which began in 2010 and has been in operation since 2012, covers the design, financing, execution and operation of 18 high schools and administrative buildings in the region. GreenYellow is buying Demeter’s majority stake in the company, with Eiffage retaining its minority stake and operational involvement in the project.

Vanilla Solar includes six rooftop photovoltaic power plants with a total output of 13 MW with an annual production of 16.4 GWh. Originally developed by GreenYellow and commissioned in 2010, these plants were sold to investors. This acquisition therefore underlines the change in GreenYellow’s position as a long-term asset operator. Finally, the acquisition of Lavanda Solar includes 11 rooftop PV plants located in mainland France with a total capacity of 7 MW with an annual production of 7.7 GWh, developed by other players and commissioned between 2010 and 2011.

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