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ENGIE and GreenYellow create a company dedicated to the development of solar photovoltaic self-consumption for companies and authorities in France

Thursday, October 18, 2018

On Wednesday 17 October, ENGIE and GreenYellow, a subsidiary of Casino, formalised the creation of Reservoir Sun in the presence of Isabelle Kocher, Chief Executive Officer of ENGIE, and Jean-Charles Naouri, President of the Casino Group. The purpose of this company is to accelerate the development of solar photovoltaic self-consumption in France for businesses and authorities.

Reservoir Sun was created, with the approval of the European competition regulation authorities and labour relations organisations, to develop solar photovoltaic self-consumption in France. A structure entirely dedicated to this activity and held in equal shares by ENGIE and GreenYellow, Reservoir Sun will specialise in the segment for solar power plants up to 1 MWc, for businesses and authorities. Objective: 100 MWc per year, or nearly 300 accounts comprising 300 kWc, on average, per project.

This new actor will use the surfaces provided by roofs and car parks to produce local, green energy. 100 million euros will thus be invested annually in the market for medium-capacity facilities. This is the first time for an actor to commit this many resources to companies and authorities in favour of solar self-consumption.

“The Casino Group was the first distributor to invest in developing solar photovoltaic energy. This association with ENGIE is a real booster and shows just how visionary our intrapreneurial project launched ten years ago, called GreenYellow, really was,” says Jean-Charles Naouri, President of the Casino Group.

For Isabelle Kocher, Chief Executive Officer of ENGIE, “the creation of Reservoir Sun is an excellent illustration of our commitment to provide support to all businesses and communities in the energy transition. This project also confirms the new dynamics of development of short energy supply chains, in which the ENGIE group has firmly positioned itself.”

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