GreenYellow has secured EUR 400 million in debt from Caisse d’Epargne CEPAC, Credit Agricole CIB and Bpifrance to finance 385 MWp of C&I solar in France. The portfolio includes over 350 solar carports, some paired with battery storage, to be built over three years.

The insight is simple: French banks are now underwriting decentralized C&I solar at scale as core infrastructure.

This is GreenYellow’s largest raise to date. The assets are not speculative utility-scale projects. They are parking-lot PV systems using existing sites, largely grid-connected or self-consumption driven. Once operational, the portfolio is expected to generate nearly 480 GWh annually.

Commercially, this matters because it compresses execution risk. Existing infrastructure reduces permitting friction. Distributed offtake lowers merchant exposure. Selective storage integration adds revenue flexibility without over-levering capex. Lenders are backing contracted, site-secured assets with visible cash flows.

It also signals where capital is flowing in 2026. Not toward greenfield gigawatt pipelines, but toward modular, repeatable C&I platforms that can be rolled out quickly and financed efficiently. When domestic banks commit this level of balance sheet to decentralized solar, it reframes C&I as bankable infrastructure, not niche development.

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