Groupe Casino has completed a deal for a capital increase in GreenYellow, a provider of decentralised photovoltaic power.
The retailer has signed an agreement with Tikehau Capital and Bpifrance, which will see the investors acquire a 24% stake in the business, with a €150 million investment.
The planned investment was first announced in October.
GreenYellow was founded in 2007 within Groupe Casino, and thus far has completed more than 150 decentralised photovoltaic projects generating c.190 MWp.
It also operates more than 1,500 energy-efficiency contracts with Casino Group, as well as with third-party customers.
It has a presence in France, Brazil and Colombia, and it is expanding rapidly in Asia and Africa.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.