GreenYellow Acquires Italian Solar Plants

GreenYellow has bolstered its presence in Italy by acquiring two operational rooftop solar power plants from Nordic Solar. The acquired facilities, located in Chignolo Po and Colonnella, possess a combined installed capacity of 4.1 MWp and are integrated into Italy's Conto Energia photovoltaic support scheme.

This strategic move aligns with GreenYellow's growth objective in Italy, which encompasses both organic project development and asset acquisitions. The company now manages nearly 50 MWp of solar capacity within the country, reinforcing its portfolio for the commercial and industrial sector.

Pierre Marouby, GreenYellow Italia's Country Manager, emphasized that acquisitions are crucial for accelerating growth and complement organic development. He noted that market shifts create opportunities for acquiring and enhancing energy assets.

Nordic Solar's Chief Investment Officer, Tim Janusch Gadatsch, stated that the transaction is part of their active portfolio management. He expressed confidence in GreenYellow's ability to maintain the performance of these installations, which have been operational for over a decade.

GreenYellow's expansion strategy in Italy is driven by market volatility, cost pressures, and decarbonization goals. The company is actively seeking opportunities to acquire solar plants and portfolios, solidifying its position in the Italian market.

Supported by its majority shareholder, Ardian, GreenYellow possesses enhanced investment capabilities to fuel its ongoing development across Italy and Europe. The company aims to lead in flexible electrification for commercial and industrial sites through its Energy-as-a-Service model.