France-based Proparco, a subsidiary of Agence Francaise de Developpement (AFD), has announced an USD25 million investment to support GreenYellow’s solar projects in Thailand, Vietnam and Cambodia. The investment will support an estimated 140 MWp of installed solar capacity.

Proparco’s investment will increase the company’s ability to develop solar systems for commercial and industrial clients, mainly food retailers and manufacturing companies, in the three Southeast Asian (SEA) countries.

This move is also expected to support climate mitigation and the low-carbon transition of Thailand, Vietnam and Cambodia.