Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTGreenYellow to install 8 MWp of DG solar for pharmacies in Brazil
Small solar system in Brazil. Author: Tony Winston/Agência Brasília.
May 24 (Renewables Now) - French renewables business GreenYellow has been selected to build 8.03 MWp of solar distributed generation (DG) plants to supply power to a pharmacy chain owner in Brazil.
The French firm said that it has closed an agreement with Brazil's Grupo DPSP to install close to 25,000 PV at five locations -- three in Sao Paulo, one in Rio de Janeiro and one in the Federal District.
The contract has a term of ten years during which GreenYellow will supply 15 GWh of power annually.
GreenYellow will provide the entire initial investment, and take care of construction and operation and maintenance (O&M) of the plants for the duration of the contract.
Grupo DPSP has set the target to power its entire pharmacy network in Brazil with 100% renewables by 2023, the French company added.
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