Crédit Agricole CIB supports GreenYellow in the deployment of a large portfolio of photovoltaic projects in France

Crédit Agricole CIB and Crédit Agricole Transitions & Énergies, alongside the Group's banks*, acted as co-arrangers of the €400 million structured financing secured by GreenYellow for the deployment of a large portfolio of photovoltaic projects in France.

This project financing supports the development of +350 solar power plants on parking carports, representing an installed capacity of approximately 385 MWp and an estimated annual production of nearly 480 GWh of renewable, local and competitive electricity – equivalent to the annual electricity consumption of a city of 200,000 inhabitants.

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 artificialisation, with a planned deployment over 3 years.

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 artificialisation, these installations transform underused infrastructure into true energy assets.

The deployment will also be accompanied by solar hybridisation solutions combined with energy storage systems (BESS) for some projects, enhancing greater resilience and energy flexibility for clients and the grid.



"Alongside GreenYellow, we are fully mobilising the Group's various areas of expertise to secure a structuring operation, serving one of the largest decentralised 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,” explain Gabriel ORIO, Director of Transition Financing Crédit Agricole Transitions & Energies, and Julie Tholliez-Nouveau, Director Energy Transition Financing Crédit Agricole CIB.



* Crédit Agricole Leasing & Factoring, Crédit Agricole Alpes Provence, Crédit Agricole Alsace Vosges, Crédit Agricole du Centre Ouest, Crédit Agricole d’Ile-de-France, Crédit Agricole du Languedoc, Crédit Agricole Nord de France, Crédit Agricole du Nord Est , Crédit Agricole Toulouse 31 and LCL.