GreenYellow, a French energy company, has received a €4.5 million guarantee from the Multilateral Investment Guarantee Agency to help finance the building, operation, and maintenance of a 30 MWp solar project in Burkina Faso. For a period of up to 20 years, the guarantee will cover its equity and quasi-equity investments in Société de production d’énergie solaire de Ouagadougou SAS (SPES Ouagadougou). The project will be carried out under the terms of a public-private partnership negotiated by the Ministry of Energy of Burkina Faso. Under a 25-year take-or-pay power purchase agreement, the electricity will be sold to Société Nationale d’Electricite du Burkina (Sonabel), the country’s state-owned utility.
GreenYellow received €21 million in finance from FMO, the Dutch development bank, for a 30 MW solar project in Burkina Faso, as part of a recent investment. By the end of the year, the array at the Nagréongo power station, about 30 kilometres northeast of Ouagadougou, should be operational.
In March 2021, GreenYellow commissioned Thailand’s first floating solar power plant. The 2 MW plant was deployed in Thailand on the historic site of the local agro-food company, SPM group. The 6,000 solar panels used for the project occupy a 1.6 ha area on a 4.3 ha pond. The plant produced 2.8 GWh of low carbon electricity per year, covering up to 20 per cent of the annual energy consumption of the site. Greenyellow was established by Groupe Casino in 2007. In 2016, the company obtained authorization to implement the sale of power to final clients and power providers through its subsidiary, Greenyellow Vente d’Énergie.
