In Southeast Asia, GreenYellow makes full use of solar energy

In Southeast Asia, energy consumption is expected to double by 2040 due to population growth, improved access to electricity in remote areas and increased industrial production. In the face of these challenges, GreenYellow, as a French investor and operator in 16 countries – including four in Southeast Asia (Thailand, Vietnam, Cambodia and the Philippines) – builds and operates solar systems on the roofs and shelters of Asian commercial and industrial businesses. By helping companies cut their carbon dioxide emissions and produce greener energy, GreenYellow is fully aligned with global ‘Net-Zero’ climate commitments.

Accelerating the energy transition of businesses and local authorities

GreenYellow is an energy transition accelerator: this French business helps reduce its partners' dependence on fossil fuels and provide them with clean energy solutions. GreenYellow develops, builds and operates decentralised photovoltaic power plants on fallow spaces, thus meeting land scarcity constraints. Its expertise in the field of energy enables it to cut its customers' electricity bills and energy consumption and to achieve carbon neutrality. The green electricity produced by Green Yellow in Thailand is sold for 60% less than electricity from the grid.  In addition to the financial benefits, GreenYellow's partners also benefit from its expertise in energy efficiency, i.e., real-time monitoring, consumption control systems, etc.

Solar power plants to supply factories

As the fourth-largest energy market in South-East Asia, after Vietnam and Indonesia, Thailand’s economy is highly structured around its industrial sector, which accounts for 36% of its GDP and is relatively energy-intensive. In Saraburi province, GreenYellow has teamed up with Royal Porcelain, specialising in the manufacture of ceramics. The production centre has been equipped with a 2 MWp  solar power plant on a fallow plot of land near the factory. As Suchavalee Lohanoot, an electronics engineer at Royal Porcelain explains, “From an environmental perspective, we produce electricity from solar cells. This gives us carbon credits that we use for the operation of the factory. It's good for us and for our customers.”

The Thai subsidiary of the Ricoh Group, located near the city of Pattaya, has also committed to achieving carbon neutrality across its entire production chain. Ricoh specialises in the manufacture of office equipment and it has installed a 4 MWp solar power plant, fully financed by GreenYellow. Prasieporn Khumsak, an electronics engineer who works for Ricoh, explains that “We have a clear strategy for achieving carbon neutrality. The installation of solar panels, here on the roof of our main factory in Thailand, is part of our strategy to reduce carbon dioxide emissions.”

Proparco is supporting the growth of GreenYellow

GreenYellow occupies a leading position in its main markets and operates worldwide, with 75% of projects located outside France. In 2022, Proparco provided US$25 million worth of financing to support GreenYellow's growth in Southeast Asia. This investment has enabled this French business to expand further and increase its capacity to supply solar power to the Asian grid. The South-East Asian solar farm, owned by GreenYellow, has grown exponentially thanks to Proparco's funding, from 140 MWp to 400 MWp at present.