GreenYellow, a player in the energy transition, takes a significant step forward in its European expansion. The company has integrated Grow Energy Management (GEM), a specialist in decentralized photovoltaics. The acquisition also includes two major photovoltaic portfolios. Together, they are positioning GreenYellow as a player in photovoltaic solar energy, especially in the industrial and commercial sectors in Portugal and Poland.
Consolidation and growth
The operation encompasses almost 120MWp of solar projects ready for construction or already operational. Particularly noteworthy among these is a large-scale 100MWp project in collaboration with Biedronka in Poland, under the aegis of the Jeronimo Martins Group. This consolidation under the single entity of GreenYellow Portugal, based in Lisbon, will optimize the group’s flagship offerings. These offerings include decentralized photovoltaics, with a focus on solar self-consumption, and EaaS (Energy-as-a-Service).
Partnership implications and future objectives
Under the joint leadership of Miguel Almeida Henriques and his colleagues, GreenYellow Portugal aims to develop more than 100MWp of decentralized solar projects over the next three years. This ambition is complemented by efforts in Poland. GreenYellow Polska will facilitate the development and operation of current and future projects. This transaction strengthens GreenYellow’s position as a major player in the European solar industry. What’s more, it also highlights its commitment to accelerating its customers’ energy transition. The integration of GEM and the consolidation of operations in Europe mark a period of dynamic transformation for GreenYellow. The ambitious development of projects in Poland and Portugal is testimony to its commitment to sustainable development and decarbonization objectives.
