A market undergoing profound transformation, driven by electrification of uses and energy sovereignty
Electricity is emerging as the central vector of the low-carbon transition, both to meet existing uses – industry, tertiary, electric mobility – and to anticipate new needs related to digitalization, data centers and artificial intelligence. In a context of persistent dependence on fossil fuels and a sustained increase in energy costs, decarbonization and electrification are becoming strategic issues for industrial competitiveness. The C&I segment, which accounts for nearly 50% of global energy and electricity consumption, is thus becoming a key lever to accelerate the decentralized energy transition, as close as possible to buildings.
A year 2025 marked by financial performance and accelerated investments
Despite this complex and demanding energy environment, GreenYellow confirms the strength of its model and continues a trajectory of sustained growth across all its financial indicators.
- In 2025, operating margin increased by 23% to reach €185 million, while normalized EBITDA grew by 9% to €108 million, supported by continuous improvement in operational performance.
- Commercial momentum remains strong, with +30% organic growth in the solar segment (+450 MWp signed in 2025) and +120% growth in energy efficiency solutions and battery storage systems (+€73 million signed in 2025).
- GreenYellow strengthens its position in decentralized solar with nearly 2,000 plants deployed worldwide, representing +2 GWp installed since 2007 (1.4 GWp across 1,350 plants in operation in 2025).
- Energy efficiency expertise is reflected in ~3,500 cumulative EEA contracts, representing 1.25 TWh of annual savings since 2007 (550 GWh operational through 1,500 contracts in operation in 2025),
while the deployment of energy storage solutions reached 50 MWh in 2025.
These actions helped avoid +646,000 tons of CO₂, an increase of 16% compared to 2024.
GreenYellow strengthens its European foothold
With fully operational organizations now in Spain, Portugal, Italy, and Poland, the group already totals +250 MWp of solar capacity in operation or under construction, and +€20 million in CAPEX committed to energy efficiency, including +€16 million signed in 2025. European momentum has also been supported by two project finance deals: nearly €50 million in Poland and more than €30 million in Spain.
In France, the adoption of PPE3 now provides a structured and clear outlook.
“PPE3 restores a clear and readable framework enabling industrial players to invest in their decarbonization and electrification. It confirms solar as a lasting pillar of the French electricity system and validates a strong conviction: the future lies in electrification of uses and decentralized solar close to sites, managed and directly useful to companies and territories. Our responsibility is to turn this trajectory into concrete projects, site by site, immediately useful and sustainably efficient,” explains Otmane Hajji.
GreenYellow also continues to support global leaders such as Carrefour (350 MWp in France, 38 MWp in Brazil), L’Oréal (France, Colombia, Brazil), Solvay, ArcelorMittal, and Stellantis.
The Energy efficiency business more than doubled in one year, driven notably by complex industrial projects integrating energy efficiency with solar and storage, such as Astérix, Stellantis Madrid, Vailog, as well as multi-site clients like Clariane (160 sites).
To sustain this pace, GreenYellow relies on a robust financial structure, along with securing more than €600 million in project financing in 2025, and partnerships with industry leaders such as Schneider Electric at the European level, Rexel in France, and more recently Moeve in Spain.
This strike force now positions GreenYellow as a leader in the decarbonization and electrification of the C&I sector, as well as the natural consolidator of a fragmented decentralized market.
" The European energy market is experiencing a strategic turning point: while the major energy companies are refocusing on their core business (centralised production and grid assets), decentralized solar C&I is becoming the domain of specialised players. Due to its positioning and its industrial approach, GreenYellow is now the natural consolidator of this market segment," adds Otmane Hajji.
2026 outlook: new phase of value creation in the wake of the good performance in 2025
In 2026, GreenYellow aims to reach a new milestone and establish itself as the premium energy partner for the decentralized transition of C&I companies.
To this end, the group has set several operational and financial priorities:
- Exceed 500 MWp of signed solar capacity, mainly in solar self-consumption.
- Invest more than €100 million in energy efficiency solutions, electrification of uses, and energy storage (BESS).
- Accelerate the full deployment of its platform in Europe across target countries: France, Iberia, Italy, Poland, and Germany, through a combination of organic growth and targeted acquisitions.
- Strengthen its partnership strategy.
- Deploy its platform of integrated offers for its SME/ETI client’s portfolio, while maintaining rigorous and structured management of key accounts.
- Maintain and expand the group’s international leadership in its priority B2B segments — Commerce and industry, logistics, and retail
“Our ambition is clear: to make decarbonization and electrification a direct lever of competitiveness for our C&I clients, and to contribute in a concrete and measurable way to the transformation of the electricity system. Combined, our decentralized solutions already enable our partners to cover up to 50% of their electricity needs and reduce their bills by at least 20%, with no upfront investment. GreenYellow is becoming their go-to energy partner. By 2030, we aim to cover 50% of the electricity bill across our entire client base,” concludes Otmane Hajji.