PLMJ advises GreenYellow on the purchase of Grow

PLMJ has advised GreenYellow, a French company specialising in decentralised solar photovoltaic production and energy efficiency projects, controlled by private equity firm Ardian, on the purchase of Grow Energy Management, a Portuguese company specialising in decentralised photovoltaic energy and one of the main players in Portugal and Poland. With this purchase, GreenYellow acquires a portfolio of decentralised solar photovoltaic projects in these countries, of around 120 MWp, in the industrial and commercial distribution sectors.

GreenYellow, which is currently present in around 20 countries on 4 continents, plans to invest around 150 million euros in the development of more than 100 MWp of decentralised solar projects over the next 3 years in Portugal and Poland.

The operation was led by Diogo Perestrelo, partner and co-coordinator of the corporate M&A area, and also included the team’s coordinating associate, Nuno Serrão Faria, senior associate Ana Nunes Teixeira and associate David Cuba Topete.