It is one of the largest decentralised solar portfolios in Europe, combining grid injection and self-consumption installations, developed on existing infrastructure, without additional land artificialization, with a planned deployment over 3 years.
A 100% C&I project integrating solar self-consumption and energy storage | BESS (Battery Energy Storage System)
This portfolio fully illustrates GreenYellow's expertise in providing C&I players with access to local, competitive and decarbonized electricity, enabling them to sustainably reduce their energy costs and their exposure to price volatility. By enhancing existing car parks without additional artificialization, these installations transform underused infrastructure into true energy assets.
The deployment will also be accompanied by solar hybridization solutions combined with energy storage systems (BESS) for some projects, enhancing greater resilience and energy flexibility for clients and the grid.
A strong signal of maturity for the decentralized energy model
"This financing of more than €400 million is a key milestone for GreenYellow in France. It confirms the maturity of our decentralized energy model and the ability of C&I solar, combined for some with energy storage, to attract large-scale investments. We are taking a structuring step forward in our growth trajectory, strengthening our position as a leader in the decentralized energy transition," says Romain BUTTE, General Manager of GreenYellow France.
"As a partner of GreenYellow for more than 15 years, this operation illustrates the ability of the Caisse d'Epargne CEPAC to support its clients over the long term and on large-scale projects. This operation is fully in line with our strategy: to finance the energy transition by providing innovative solutions that are useful to the regions," says Jérémy ESTRADER, Deputy Chief Executive Officer of the Caisse d'Epargne CEPAC.
"Alongside GreenYellow, we are fully mobilizing the Group's various areas of expertise to secure a structuring operation, serving one of the largest decentralized solar portfolios in Europe. This project illustrates our conviction that the energy transition is based on local, competitive and resilient solutions. It also reflects Crédit Agricole's constant commitment to supporting, over the long term, projects that create economic and environmental value for the regions. Because supporting renewable energies also means supporting energy sovereignty, local employment, and a sustainable growth model,” complete Gabriel ORIO, Director of Transition Financing Crédit Agricole Transitions & Energies and Julie THOLLIEZ-NOUVEAU, Director Energy Transition Financing Crédit Agricole CIB.
"Bpifrance is very proud to actively participate in this massive deployment, in terms of number and volumes installed, of flexible energy solutions throughout France for the benefit of GreenYellow's C&I segment. The sizing of this portfolio reflects a successful scale-up for our client and Bpifrance's ability to execute these financing volumes in co-arrangement alongside banking partners," adds Jallil YAKER, Regional Director at Bpifrance Ile de France Est.
The operation is co-arranged by:
- Caisse d'Epargne CEPAC
- Crédit Agricole CIB
- Crédit Agricole Transitions & Energies
- Bpifrance
The lenders are:
- Bpifrance
- Caisse d'Epargne CEPAC
- Crédit Agricole CIB
- Crédit Agricole Leasing & Factoring (alongside Crédit Agricole Alpes-Provence, Crédit Agricole Alsace Vosges, Crédit Agricole Centre Ouest, Crédit Agricole Ile de France, Crédit Agricole Languedoc, Crédit Agricole Nord de France, Crédit Agricole du Nord Est, Crédit Agricole Toulouse 31, LCL)
- Palatine Bank
- Credit Cooperative
- Caisse d'Epargne Loire-Centre
- Caisse d'Epargne Loire Drôme Ardèche
- Banque Populaire Val de France
- Arkéa Corporate & Institutional Banking
The cover banks are:
- Palatine Bank
- Crédit Agricole d'Ile-de-France
- Crédit Agricole CIB
- LCL
- Natixis
A team of leading advisors:
- Borrower financial advisor: Astris Finance
- Borrower legal advisor: Clifford Chance Europe LLP
- Lender Legal Advisor: Herbert Smith Freehills Kramer Paris LLP
- Legal Auditor: Herbert Smith Freehills Kramer Paris LLP and Energie Legal
- Technical auditor: 3E
- Borrower rate advice: ESTER
- Market Price Auditor: Baringa
- Insurance auditor: Marsh
- Model Auditor: KPMG