THE LARGEST DECENTRALIZED SOLAR PROJECT IN EUROPE
This 20-year contract calls for the installation of photovoltaic shading systems on the parking lots of 90 Carrefour hypermarkets and 260 supermarkets in France, representing the solarization of almost 180,000 parking spaces. This project will cover key regions: Normandy, Île-de-France, Hauts-de-France, Grand Est, Nouvelle-Aquitaine, Occitanie, and Provence-Alpes-Côte d'Azur.
A STRATEGIC ALLIANCE FOR THE ENERGY TRANSITION
GreenYellow brings its expertise as a highly recognized solar operator in the retail sector, offering comprehensive support from design to installation and operation of the plants. Our commitment includes a performance guarantee throughout the contract, ensuring an efficient multisite deployment for Carrefour. Thanks to our third-party financing model covering the entire investment, Carrefour will be able to accelerate its decarbonization trajectory and benefit from this transformation in an "as-a-service" model. This ambitious project positions the brand at the forefront of the solarization of its assets and the decarbonization of its properties, also complying with the obligation to solarize parking lots as stipulated by the law on accelerating renewable energies. It will also allow Carrefour to reduce its dependency on electricity price fluctuations through the self-consumption of part of the electricity produced.
“We are extremely proud of our long-term partnership with Carrefour, a leader in French and international retailing, for an unprecedented large-scale project. I would like to thank Alexandre Bompard and his teams for their confidence, as well as our shareholder Ardian for their support. This emblematic project strengthens our commitment to guiding large French and international companies towards energy independence and confirms our position as a leader in decentralized solar self-consumption,” declares Otmane Hajji, President of GreenYellow.
This partnership highlights GreenYellow's expertise in deploying turnkey programs for large, multi-site players with public access, with an industrial approach. The development phase will begin in July 2024, with the first implementations expected as early as 2025. Half of the program will be completed by the end of 2026. Once finished, this project will annually produce 450 GWh of clean energy, equivalent to the electricity consumption of a city with 200,000 inhabitants.
“This program confirms GreenYellow's leading role over the years in promoting self-consumption in France. We are now entering the operational phase with the development, the finalization of technical partner selection, and the creation of the overall ecosystem enabling its deployment,” indicates Mathieu Cambet, Deputy General Manager in charge of photovoltaic solar at GreenYellow France.
“We are delighted to collaborate with Carrefour. This solar partnership will significantly reduce the group's energy bills through self-consumption, contributing to Carrefour’s goal of reaching 100% renewable energy by 2030, and anticipating the requirements of the “ApER” French Law for parking lots over 1500 m². In addition, the photovoltaic shades will enhance the customer experience by protecting them from the weather and the sun. This large-scale deployment on occupied sites confirms our winning strategy in self-consumption and illustrates our commitment to a greener and more sustainable future,” emphasizes Romain Butte, General Manager of GreenYellow France.
This 20-year contract calls for the installation of photovoltaic shading systems on the parking lots of 90 Carrefour hypermarkets and 260 supermarkets in France, representing the solarization of almost 180,000 parking spaces. This project will cover key regions: Normandy, Île-de-France, Hauts-de-France, Grand Est, Nouvelle-Aquitaine, Occitanie, and Provence-Alpes-Côte d'Azur.
A STRATEGIC ALLIANCE FOR THE ENERGY TRANSITION
GreenYellow brings its expertise as a highly recognized solar operator in the retail sector, offering comprehensive support from design to installation and operation of the plants. Our commitment includes a performance guarantee throughout the contract, ensuring an efficient multisite deployment for Carrefour. Thanks to our third-party financing model covering the entire investment, Carrefour will be able to accelerate its decarbonization trajectory and benefit from this transformation in an "as-a-service" model. This ambitious project positions the brand at the forefront of the solarization of its assets and the decarbonization of its properties, also complying with the obligation to solarize parking lots as stipulated by the law on accelerating renewable energies. It will also allow Carrefour to reduce its dependency on electricity price fluctuations through the self-consumption of part of the electricity produced.
“We are extremely proud of our long-term partnership with Carrefour, a leader in French and international retailing, for an unprecedented large-scale project. I would like to thank Alexandre Bompard and his teams for their confidence, as well as our shareholder Ardian for their support. This emblematic project strengthens our commitment to guiding large French and international companies towards energy independence and confirms our position as a leader in decentralized solar self-consumption,” declares Otmane Hajji, President of GreenYellow.
This partnership highlights GreenYellow's expertise in deploying turnkey programs for large, multi-site players with public access, with an industrial approach. The development phase will begin in July 2024, with the first implementations expected as early as 2025. Half of the program will be completed by the end of 2026. Once finished, this project will annually produce 450 GWh of clean energy, equivalent to the electricity consumption of a city with 200,000 inhabitants.
“This program confirms GreenYellow's leading role over the years in promoting self-consumption in France. We are now entering the operational phase with the development, the finalization of technical partner selection, and the creation of the overall ecosystem enabling its deployment,” indicates Mathieu Cambet, Deputy General Manager in charge of photovoltaic solar at GreenYellow France.
“We are delighted to collaborate with Carrefour. This solar partnership will significantly reduce the group's energy bills through self-consumption, contributing to Carrefour’s goal of reaching 100% renewable energy by 2030, and anticipating the requirements of the “ApER” French Law for parking lots over 1500 m². In addition, the photovoltaic shades will enhance the customer experience by protecting them from the weather and the sun. This large-scale deployment on occupied sites confirms our winning strategy in self-consumption and illustrates our commitment to a greener and more sustainable future,” emphasizes Romain Butte, General Manager of GreenYellow France.
