GreenYellow continues to retreat from Africa, having recently sold its Senegalese assets to Afreenergy, a Mauritius-based energy company.
The French firm’s portfolio in Senegal includes three operational rooftop solar power plants with a combined capacity of 2.6 MWp, according to a media report. These installations are designed to meet the electricity needs of commercial and industrial customers through self-consumption and are now being acquired by Afreenergy Solar, a subsidiary of Afreenergy.
Afreenergy highlights the significant environmental benefits of this portfolio, noting that it will reduce carbon dioxide (CO2) emissions by over 2,000 tonnes annually, with a total reduction of more than 26,000 tonnes throughout the duration of the contracts.
Christian Cachat, Afreenergy’s Managing Director, emphasized the strategic importance of this acquisition in Senegal, a country experiencing substantial growth in renewable energy, particularly solar power. “This acquisition bolsters our presence in Senegal, where we aim to support the shift towards renewable energy by partnering with local stakeholders to expand access to clean, affordable energy,” said Cachat.
Afreenergy, which now controls GreenYellow’s assets in Senegal, operates in at least 12 African countries, with a portfolio of 320 MW either in operation or under development. GreenYellow, on the other hand, is continuing its phased withdrawal from the continent. Earlier this year, the company, which is 75% owned by the investment firm Ardian, divested its assets in two other sub-Saharan countries.
In Burkina Faso, GreenYellow sold its stake in the 30 MWp Nagréongo solar power plant near Ziniaré, about 30 km northeast of Ouagadougou.
In Madagascar, the company parted with its share in the 40 MWp Ambatolampy solar photovoltaic power plant, which includes a 5 MWh storage facility. Under the leadership of Otmane Hajji, GreenYellow is now focusing on advancing the energy transition for businesses in France and the Indian Ocean region.
