GreenYellow, a subsidiary of Ardian Group specialising in decentralised energy transition, has announced a €100mn ($106mn) investment plan in Poland. This programme is part of a sustained growth strategy in the European market, with a targeted acceleration in the commercial and industrial sectors. Since 2022, the company has commissioned 129 MWp of photovoltaic capacity in the country, targeting major clients seeking to secure their energy supply and reduce exposure to volatile electricity costs.
Large-scale solar deployment for retail sector
The group has secured long-term contracts with several national and international companies operating in Poland. Biedronka, the country’s leading food retailer, has already deployed over 1,500 photovoltaic installations totalling 73.5 MWp, generating approximately 70 GWh annually. This capacity is expected to exceed 100 MWp by the end of 2025, with 100 GWh in annual output, equivalent to the consumption of 40,000 people. The contract spans 15 years and includes full operation and maintenance by GreenYellow.
Decathlon Polska also benefits from a Photovoltaics-as-a-Service (PVaaS) contract for 3 MWp distributed across 14 commercial sites. The energy generated, fully self-consumed, reaches around 3 GWh per year. GreenYellow handles the entire project with no initial investment from the client, under a 15-year contractual model.
Integrated solutions for industrial energy transformation
GreenYellow’s portfolio has expanded to other strategic sectors such as telecommunications and manufacturing. Orange Polska equipped its Warsaw Data Hub with a 300 kW rooftop solar plant, producing 250 MWh per year. Pallet manufacturer CMC Sp. z o.o. commissioned a 653 kWp rooftop plant in Andrychów, generating 689 MWh annually. These projects operate under the PVaaS model, with GreenYellow managing full operational responsibilities.
Beyond photovoltaics, the company now offers integrated energy efficiency solutions for steam, heating, cooling, and cogeneration needs. The offer relies on Energy as-a-Service models (UaaS, EaaS, CPE), enabling client companies to benefit from optimised equipment without capital outlay, while transferring performance risk to GreenYellow.
Strategic capex and strengthened governance
The €100mn investment over three years includes strengthening existing capacity, expanding the strategic client base, and developing energy storage. The company is also open to targeted acquisitions to support this growth.
GreenYellow Polska operates in an energy environment still heavily reliant on coal, which accounts for over 54% of national electricity production. The recent appointment of Dominik Radziwill as non-executive Chairman is expected to reinforce local governance while strengthening ties with Poland’s economic and institutional ecosystem.
