BURKINA FASO/TUNISIA – GreenYellow, an energy company that specializes in photovoltaic solar energy production and energy efficiency has announced plans to build two solar power plants, one in Tunisia and the other in Burkina Faso.
The two projects are part of GreenYellow’s aim to power Africa with clean and affordable energy solutions.
According to a report by Afrik21 GreenYellow will construct a 1.2MWp (Mega Watt peak) capacity parking lot shading plant in Tunis (capital of Tunisia) for Meddis Distribution, the operator of the Géant and Monoprix hypermarkets in Tunisia.
According to Robinson Alazraki, GreenYellow’s Africa Zone Director, the plant, which should be commissioned before the end of this year, is one of “the first projects of this scale to be carried out on Tunisian soil under the B to B model”.
In Burkina Faso, GreenYellow will construct a 30 MWp solar power plant, which will be the largest solar power plant in GreenYellow’s portfolio.
GreenYellow, the energy subsidiary of the French retail giant Casino, stands out in Africa on the photovoltaic market, thanks to financing solutions adapted to local economic realities.
In response to the infrastructure and financing deficit encountered by the energy sector in sub-Saharan Africa, the company provides 100% financing for investments.
For GreenYellow, this model is sustainable thanks to the long-term power purchase agreements concluded between the company and the client, which amortize project start-up costs.
GreenYellow’s African strategy also includes the creation of local subsidiaries in the countries in which it operates to make it easier for the company to forge partnerships and provide long-term support to customers in their energy efficiency initiatives.
GreenYellow has implemented this approach in various countries the latest example being Senegal.
From its offices in Dakar (Senegal’s capital ), GreenYellow has created an energy efficiency program that has reduced the energy consumption of the Société des brasseries de l’ouest-africain (Soboa) by 14% and avoided 1,020 tons of CO2 per year.
GreenYellow also has a presence in Morocco. It has so far built a 4,000 m2 parking lot shading plant totaling 672 KWp in Bouskoura for the STMicroelectronics Group.
In Mauritania, the Group has also worked with the Nouakchott airport on a solarization project that has already prevented the release of 1,846 metric tons of CO2.
Present on the continent for the past three years, GreenYellow has been developing its portfolio thanks to its unique financing solutions adapted to local economic realities.
These two new projects reflect GreenYellow’s African expansion and commitment to the continent’s energy sector.
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