(3 Minutes Read)
GreenYellow is continuing to withdraw from Africa. The French company has just sold its assets in Senegal to Afreenergy, an energy company based in Mauritius.
GreenYellow’s portfolio in Senegal comprises three rooftop solar power plants in operation with a total capacity of 2.6 MWp, designed to cover the electricity needs of commercial and industrial (C&I) customers through self-consumption. These installations are being purchased by Afreenergy Solar, the subsidiary of Mauritius-based energy company Afreenergy.
According to Afreenergy, the carbon savings generated by the entire portfolio are considerable, with a reduction in carbon dioxide (CO2) emissions of more than 2,000 tonnes per year, and a cumulative reduction of more than 26,000 tonnes over the life of the contracts.
This acquisition strengthens Afreenergy’s presence in a strategic country like Senegal, where there is significant momentum in favour of renewable energies and solar energy in particular. This is a trend that one wants to support through partnerships with local players, to give as many people as possible access to clean, affordable energy, stated Christian Cachat, MD Afreenergy.
Afreenergy, which is taking over GreenYellow’s assets in Senegal, is active in at least 12 African countries, with a portfolio of 320 MW in operation and under development. On the other side, GreenYellow is continuing its withdrawal from Africa. Earlier this year, the company, which is majority-owned (75%) by the investment company Ardian, had already sold its assets in two countries south of the Sahara.
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In Burkina Faso, GreenYellow sold its stake in the Nagréongo solar power plant (30 MWp) located south of the town of Ziniaré, around 30 km north-east of Ouagadougou. In Madagascar, GreenYellow has sold its stake in the Ambatolampy 40 MWp solar photovoltaic power plant with storage facilities (5 MWh).
