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GreenYellow continues to grow

2021-01-28T05:14:08.528Z


The company, a subsidiary of the Casino group, saw its turnover soar by 40% last year. Whatever the economic weather, the sun is shining on the renewable energy sector. The results of GreenYellow, a subsidiary of the Casino distribution group, reflect this good health. The company, which installs and manages mini-photovoltaic parks on the roofs of Casino hypermarkets and supermarkets as well as in businesses and local communities, saw its turnover soar by 40% last year, to 352 milli


Whatever the economic weather, the sun is shining on the renewable energy sector.

The results of GreenYellow, a subsidiary of the Casino distribution group, reflect this good health.

The company, which installs and manages mini-photovoltaic parks on the roofs of Casino hypermarkets and supermarkets as well as in businesses and local communities, saw its turnover soar by 40% last year, to 352 millions of euros.

Growth achieved despite the delay in the commissioning of certain projects due to the pandemic.

"We have delivered 120 megawatts (MW) of solar projects, that is to say in a single year more than a third of the total installed capacity (340 MW) since the creation of the company",

welcomes its president, Otmane Hajji.

Read also:

A mixed report for the development of renewables in France in 2020

The company's gross operating surplus (EBITDA), however, fell by almost 20% to 63.6 million euros.

"This is largely linked to the fact that, from now on, we keep our assets, while we sell some

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Source: lefigaro

All business articles on 2021-01-28

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