Solarpro, GreenYellow start strategic partnership with 4 MW PV plant for Solvay

Solarpro, GreenYellow start strategic partnership with 8 MW PV plant for Solvay

Photo: Solarpro


July 28, 2021






July 28, 2021





Bulgaria’s photovoltaic group Solarpro and GreenYellow, French solar project developer, have announced the start of a large-scale strategic co-investing partnership in on-site self-consumption solar power plants in Eastern Europe.

The first joint project of Solarpro and GreenYellow will be a 4 MW photovoltaic power plant for the Bulgarian subsidiary of Belgium-based chemical company Solvаy. Estimated annual production is 5.3 GWh.

The two companies plan to install at least 100 MW of solar facilities in Eastern Europe

The PV power plant will be built on an industrial land plot belonging to Provadsol, Solvаy-Sodi’s subsidiary in Bulgaria. It would operate on the basis of a solar-as-a-service (SaaS) agreement. Solarpro said it would develop, build and operate the unit for GreenYellow as the lead investor.

The two companies revealed a plan to install at least 100 MW of solar facilities in Eastern Europe by 2025. Solarpro was recently selected by the Government of North Macedonia to install a 50 MW solar power plant.

There is growing interest for solar-as-a-service deals, and PPAs

“The self-consumption PV plants for self-consumption and SaaS are the most attractive part of the energy transition. We have already successfully completed similar projects with other commercial and industrial groups in the region. Partnering with GreenYellow will scale up all necessary resources – human capital, technical experience and funding to accomplish, in near future, at least 100 MWp in Eastern Europe”, said Konstantin Nenov, CEO of Solarpro.

He added the the price hikes on the energy markets have catalyzed the interest for SaaS, but also for power purchase agreements (PPAs).

“With this strategic partnership with Solarpro, GreenYellow continues its international expansion, in line with its strong growth ambitions. Thanks to this partnership, we aim to develop 100 MWp of installed capacity by 2025,” said Otmane Hajji, CEO of GreenYellow.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Romania renewables statistically attributed Netherlands

Romania’s renewables can statistically be attributed to Netherlands

28 June 2022 - The EU enables countries to pay other member states to formally make up for shortfalls in achieving own green energy targets


EU faces challenges in delivering on ambitious offshore wind target

28 June 2022 - The ambitious target could prove challenging due to expected shortages of specialized offshore wind installation vessels

EU energy ministers targets renewables energy efficiency

EU energy ministers aiming at more ambitious renewables, energy efficiency targets

28 June 2022 - The Council of the EU wants to boost the renewables and energy savings targets via the Fit-for-55 package, which depends on upcoming talks

EU Alliance for Zero Emission Aviationhydrogen electrification

EU’s Alliance for Zero Emission Aviation to work on hydrogen, electrification

27 June 2022 - The EU said the Alliance for Zero Emission Aviation would accelerate the development of electric and hydrogen-powered aircraft