GreenYellow partners with Carrefour Group to provide sunshades for 350 car parks in France

GreenYellow brings its experience as a highly regarded retail solar operator, offering end-to-end support from design to installation and operation of the plant. The company’s commitment includes a performance guarantee throughout the contract, ensuring efficient implementation across multiple sites for Carrefour. With a third-party financing model covering the entire investment, Carrefour will be able to accelerate its decarbonization trajectory and benefit from this transformation in an “as a service” model.

This ambitious project puts the brand at the forefront of solarizing its assets and decarbonizing its properties, and also fulfills the obligation to solarize its parking lots under the law on accelerating renewable energy sources. It will also allow Carrefour to reduce its dependence on electricity price fluctuations by self-consuming part of the electricity it generates.

“We are extremely proud of our long-term partnership with Carrefour, a leader in French and international retail, in an unprecedented large-scale project. I would like to thank Alexandre Bompard and his teams for their trust, as well as our shareholder Ardian for their support. This symbolic project reinforces our commitment to leading large French and international companies towards energy independence and confirms our leadership in decentralized solar self-consumption,” states Otmane Hajji, CEO of GreenYellow.

This partnership highlights GreenYellow’s experience in implementing turnkey programs for large, multi-tenant public access players with an industrial approach. The development phase will begin in July 2024, with first implementations expected as early as 2025.

Half of the program will be completed by the end of 2026. Once completed, the annual production of 450 GWh of clean energy will be equal to the electricity consumption of a city of 200,000 inhabitants.

“This programme confirms the leading role of GreenYellow over the years in promoting self-consumption in France. We are now entering the operational phase, developing, finalising the selection of the technical partner and creating the entire ecosystem to enable its implementation,” points out Mathieu Cambet, Deputy General Manager for Photovoltaics at GreenYellow France.

“We are delighted to be working with Carrefour. The photovoltaic blinds will enhance the customer experience, protecting them from the weather and the sun. This large-scale deployment in occupied areas confirms our winning strategy in self-consumption and illustrates our commitment to a greener and more sustainable future,” emphasises Romain Butte, CEO of GreenYellow France.