GREENYELLOW AND BANCO DE BOGOTÁ SIGN A GREEN LOAN OF NEARLY 25 MILLION EUROS TO ACCELERATE ENERGY EFFICIENCY PROGRAMS IN COLOMBIA
GreenYellow, a leader in the decentralized energy transition, has secured long-term financing of 115 billion Colombian pesos ( ̴ €25 million), structured on a non-recourse basis, from Banco de Bogotá, one of Colombia’s leading financial institutions. This funding will be used to refinance more than 24 already operational energy efficiency projects and to support the development of new initiatives in the Commercial and Industrial (C&I) sector, thereby actively contributing to the country’s energy transition. This marks GreenYellow’s fourth non-recourse financing in Colombia, consolidating its global strategy for sustainable growth.
This is GreenYellow’s fourth non-recourse financing in Colombia, confirming the strength of its global sustainable growth strategy and its central role in the country’s energy transformation.
"Together with Banco de Bogotá, we have designed a program that allows more C&I clients to access tailor-made solutions, with performance guarantees, without requiring any initial investment on their part (€0 Capex). This mechanism facilitates the massification of energy efficiency, making these solutions accessible to a broader audience," said Diana Durán, Chief Financial Officer of GreenYellow Colombia.
The financed portfolio has a significant environmental and economic impact, with nearly 320 GWh of annual energy savings and an installed cooling capacity of over 6,000 tons.
Spread across various regions of Colombia, the projects benefit corporates from a range of sectors: hospitality, agro-industry, manufacturing, retail, food, and tourism. This diversity illustrates the increasingly strategic role of energy efficiency across the entire Colombian economic fabric.
"This transaction demonstrates our ability to mobilize long-term bank financing in a key market like Colombia. We will continue investing in innovative energy transition solutions for the C&I sector, thereby strengthening our leadership position in the local market," emphasized John Garcia, Head of Project Finance at GreenYellow.
Structured in the form of a long-term loan as part of a non-recourse project financing, this scheme allows for effective risk management while integrating financing from the construction phase. It allows GreenYellow to optimize the allocation of its equity and accelerate the development of its portfolio of energy solutions.
For its part, Banco de Bogotá highlights that this transaction reinforces its commitment to financing projects that contribute to responsible and low-carbon economic growth.
"At Banco de Bogotá, we are convinced that sustainability is a fundamental pillar of the country’s economic development. That is why supporting projects like those led by GreenYellow is a tangible way to advance the energy transition within the productive sector. We hope that more and more companies will gain access to clean, high-performance, and innovative solutions that enhance both their competitiveness and their contribution to Colombia’s decarbonization," stated Luz Angélica Rubiano, Head of the Structured Finance Unit at Banco de Bogotá.
Through this financing, GreenYellow consolidates its position as a strategic partner in Colombia’s energy transition. The supported projects will help reduce carbon emissions, optimize clients’ energy infrastructure, and raise standards in energy efficiency. This operation reflects the shared commitment of GreenYellow and Banco de Bogotá to sustainable development and the adoption of low-carbon technologies that contribute to the fight against climate change.
ABOUT GREENYELLOW
GreenYellow, a French company founded in 2007, has become in 18 years a major player in the energy transition in France and internationally, and a true partner of corporates and local authorities in their decarbonization journey and quest for energy independence.
As an expert in decentralized solar photovoltaic production, energy efficiency programs, energy storage, and electric vehicle charging infrastructure, GreenYellow supports its clients across the entire value chain. The group ensures the study, financing, development, and operation of assets that allow them to produce green, local, and competitive energy, reduce their energy consumption, while strengthening their competitiveness.
In 2024, the projects carried out by GreenYellow helped avoid the emission of almost 546,000 tons of CO₂ equivalent. The group also aims to achieve carbon neutrality (“Net Zero”) for scopes 1 and 2 by 2040.
Operating in some 15 countries across 4 continents, GreenYellow innovates by constantly enriching its unique and global platform of offers to support corporates in their transition to a more sustainable energy model and meet the challenges of climate change.