GreenYellow Vietnam
GreenYellow Vietnam is a subsidiary of France's GreenYellow Group that finances, installs, and operates zero-CAPEX rooftop solar PPAs, energy efficiency upgrades, and battery storage for commercial and industrial enterprises in Vietnam.
- Company typePrivate
- Founded2020
- HeadquartersHanoi, Vietnam
- Headcount51–100
- GTM typeB2B
- OfferingServices
What GreenYellow Vietnam does
GreenYellow Vietnam (legal entity: GreenYellow Smart Solutions Vietnam Co., Ltd.) is the Vietnamese subsidiary of France-based GreenYellow Group, established in Vietnam in 2020 to deliver turnkey energy transition services to commercial and industrial (C&I) customers. Its portfolio is anchored by two core offerings: a zero-CAPEX Solar Power Purchase Agreement (Solar PPA) for rooftop photovoltaic systems and a Shift Efficiency energy management line covering LED lighting retrofits, HVAC, refrigeration, BMS monitoring, and cold-storage optimization. Complementary modules include Battery Energy Storage Systems offered via a Battery-as-a-Service model, I-REC renewable energy certificate issuance (where the company is an accredited provider in Vietnam), DPPA support, and a customer-facing GYMonitoring portal for production and savings tracking.
The company funds 100% of project capital under multi-year (typically 15–25 year) contracts and generates revenue through recurring electricity sales under PPAs and outcome-based savings-share agreements (EEA/UAAS). It serves enterprise customers primarily in manufacturing — textiles and garments (TAL Apparel, Top Textiles, Vinatex, Maxport, An Phuoc Pierre Cardin), electronics (Foxconn/New Wing, Quanta Computer), food and seafood (Giavico, Relifoods, Bac Lieu Fisheries), wood and packaging (Woodsland, Duy Nhat) — alongside organized retail (MM Mega Market, GO!/Central Group, LOTTE Mart). Distribution is sales-led direct enterprise engagement, supported by a website inquiry funnel, LinkedIn/Facebook/YouTube/TikTok presence, industry event participation, and earned media in Vietnamese business press.
By 2025 the company had reached approximately 150–170 MWp of installed solar capacity in Vietnam, with cumulative Vietnam investment exceeding ~$112 million (VND 2,600 billion), supported by 2023 funding from the Asian Development Bank ($13.8 million) and Proparco ($25 million) and the 2023 acquisition of Qair's Vietnamese subsidiary including a 70% stake in the 49.5 MWp Binh Dinh solar farm. Operations are run from Ho Chi Minh City headquarters and a Hanoi sales office, under a Bangkok-based regional Asia headquarters covering Vietnam, Thailand, and Cambodia.
GreenYellow Vietnam firmographics
Firmographics- Name
- GreenYellow Vietnam
- Legal name
- GreenYellow Smart Solutions Vietnam Co., Ltd.
- Website
- https://greenyellow.vn
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- GreenYellow Vietnam is a subsidiary of France's GreenYellow Group that finances, installs, and operates zero-CAPEX rooftop solar PPAs, energy efficiency upgrades, and battery storage for commercial and industrial enterprises in Vietnam.
- Ownership category
- akta.pro rank
GreenYellow Vietnam industry classification
Industry- Product category
- Solar Energy Services
- NAICS
- Solar Electric Power Generation (221114)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)
Keywords
Where GreenYellow Vietnam is headquartered
LocationHeadquarters
- HQ city
- Hanoi
- HQ country
- Vietnam
- HQ region
- Asia
Offices3 records
Markets served
GreenYellow Vietnam business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Infrastructure, Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Solar PPA Revenue: GreenYellow invests 100% upfront capital to design, build, operate, and maintain rooftop solar systems. Revenue is generated by selling electricity to customers at rates lower than grid electricity, creating savings for customers while generating recurring revenue for GreenYellow over the contract period (typically 15-25 years).
- Energy Efficiency Contracts (EEA/UAAS): GreenYellow funds and implements comprehensive energy efficiency upgrades (LED lighting, HVAC, refrigeration) at zero cost to customers. Revenue is generated through sharing the cost savings achieved, typically structured as long-term contractual agreements.
- Battery as a Service (BaaS): Energy storage solutions where GreenYellow provides and manages battery systems, with customers paying for the storage capacity and services, enabling peak load shaving and cost optimization.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Solar PPA - Zero upfront investment model |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels8 records
GreenYellow Vietnam product offering
Product offeringCore offering
GreenYellow Vietnam delivers turnkey rooftop solar Power Purchase Agreements (Solar PPA) and energy efficiency solutions (Shift Efficiency) to commercial and industrial (C&I) businesses in Vietnam. Under the 0 CAPEX model, GreenYellow funds 100% of project costs and handles design, construction, licensing, operation, maintenance, and monitoring, while customers pay for electricity generated or share the savings achieved. The portfolio also includes Battery Energy Storage Systems (BESS), I-REC renewable energy certificates, and DPPA mechanisms.
Product overview
GreenYellow Vietnam offers a comprehensive energy solutions portfolio centered on two core offerings: Solar PPA (rooftop photovoltaic systems with zero customer CAPEX) and Energy Efficiency Solutions (energy management including LED upgrades, HVAC optimization, BMS monitoring, and cold storage optimization). The portfolio includes complementary modules such as Battery Energy Storage Systems (BESS), I-REC certificate provision for renewable energy certification, and DPPA support. All solutions operate on a turnkey model where GreenYellow provides 100% capital investment, managing design, installation, licensing, operation, maintenance and monitoring through its proprietary platform. The company serves commercial and industrial customers across Vietnam with projects ranging from small rooftop installations to large-scale solar farms.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar PPA (Solar Power Purchase Agreement) Turnkey solar energy solution where GreenYellow invests 100% of capital (0 CAPEX for customers), managing design, construction, licensing, operation, warranty, maintenance, and monitoring of rooftop photovoltaic systems. Customers pay for electricity generated at preferential rates lower than grid rates under long-term contracts.
- Energy Efficiency Solutions (Shift Efficiency) Energy management solutions including LED lighting upgrades, cooling system optimization, HVAC systems, BMS (Building Management System) monitoring, and cold storage optimization. GreenYellow provides 100% capital funding through Energy Efficiency Agreements (EEA) or UAAS contracts and shares profits from achieved cost savings.
- Battery Energy Storage Systems (BESS) Energy storage solutions allowing businesses to store electricity when prices are low and use it during peak hours. Offered through Battery as a Service (BaaS) and DPPA models with 100% capital funding by GreenYellow.
- I-REC Certificate Provision International Renewable Energy Certificate (I-REC) certification service affirming a company's commitment to using renewable energy. GreenYellow is recognized as an I-REC certificate provider in Vietnam.
- DPPA (Direct Power Purchase Agreement) Direct renewable energy purchasing mechanism supporting Vietnam's DPPA market development, allowing businesses to procure solar/wind energy directly from producers.
- GYMonitoring Energy Monitoring Platform Customer monitoring portal (GYMonitoring) providing real-time solar production data and monthly performance reports to track energy generation and savings for GreenYellow clients.
Quantifiable outcome
- 2,760 MWh clean energy generated per year, avoiding 1,937 tons CO2 emissions annually for TAL Apparel project
- +4 more outcomes
Companies that use GreenYellow Vietnam
Customer profileNamed customers15 records
Segments4 records
Ideal customer profiles1 record
GreenYellow Vietnam technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature4 records
GreenYellow Vietnam partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and major.
- Green Sparks Engineering Project (GSE)minorGreenYellow Vietnam served as Diamond Sponsor and partnered with GSE to bring solar energy to light up a kindergarten at remote area in Tuyen Quang province, supporting CSR and community development initiatives.
- QairminorGreenYellow Vietnam acquired the Vietnamese subsidiary of Qair (French independent renewable energy producer) including its 70% stake in Binh Dinh solar farm (49.5 MWp capacity), expanding GreenYellow's solar portfolio in Vietnam.
- LOTTE MartmajorGreenYellow signed a Solar Energy Lease and Maintenance Contract with LOTTE Mart, a subsidiary of South Korean conglomerate Lotte Group. The partnership focuses on sustainable energy solutions in the retail sector in Vietnam.
- New Wing Interconnect Technology (Foxconn)majorGreenYellow invested in rooftop solar power project for New Wing Interconnect Technology Co., Ltd., a fully owned subsidiary of Foxconn Group, marking a significant partnership with a global electronics manufacturer.
Scale indicators12 records
Recent moves6 records
Expansion highlights6 records
GreenYellow Vietnam competitors and assessment
Company assessmentDirect peers
- Sunseap / EDPR: EDPR's SE Asia platform (formerly Sunseap) provides C&I rooftop solar PPAs across Singapore, Vietnam and the region — a directly comparable PPA-based business model and customer type.
- Vena Energy: Singapore-headquartered independent renewable energy developer with significant C&I and utility-scale solar across Southeast Asia including Vietnam. Most directly comparable in scale, geography and PPA-based C&I go-to-market.
- B.Grimm Power: Thailand-based power developer expanding C&I and utility-scale solar across ASEAN. Comparable in offering integrated solar + energy efficiency solutions and in cross-border Southeast Asia expansion strategy.
- BCPG: Thailand renewable energy IPP (subsidiary of Bangchak Group) with solar and storage projects across SE Asia. Comparable in C&I/utility-scale solar development model and Southeast Asia footprint.
Broad incumbents
- Gulf Energy Development: Large Thai energy conglomerate with rapidly growing renewables portfolio across SE Asia. Overlaps with GreenYellow on C&I solar PPAs but operates at much larger scale and broader scope.
- ENGIE: French multinational utility with renewable energy and energy efficiency operations in Vietnam and across SE Asia. Overlaps on C&I solar PPA, energy efficiency services and global ESCO capabilities.
- Schneider Electric: Global energy management and automation company with a strong energy-efficiency, BMS and microgrid offering for C&I customers. Comparable in the energy efficiency / Shift Efficiency layer of GreenYellow's offering.
Emerging players
- Trina Solar: Global tier-1 solar PV manufacturer increasingly offering downstream C&I rooftop solar and storage solutions in SE Asia. Comparable in C&I solar delivery but without an integrated ESCO arm.
- Sungrow: Leading global solar inverter and storage provider with C&I energy storage solutions across SE Asia. Comparable as a BESS/solar-plus-storage counterpart to GreenYellow's BaaS offering.
- Risen Energy: Chinese solar manufacturer and developer with growing global C&I solar project delivery. Comparable in turnkey EPC + financing model for commercial and industrial rooftops.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
GreenYellow Vietnam social profiles
Digital presenceGreenYellow Vietnam compliance and trust
Trust signalCompliance4 records
GreenYellow Vietnam financial estimates
Financial estimateRevenue estimate
Valuation estimate
GreenYellow Vietnam leadership team
Management profileNumber of profiles
Profiles5 records
GreenYellow Vietnam funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GreenYellow Vietnam M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GreenYellow Vietnam
What does GreenYellow Vietnam do?
GreenYellow Vietnam delivers turnkey rooftop solar Power Purchase Agreements (Solar PPA) and energy efficiency solutions (Shift Efficiency) to commercial and industrial (C&I) businesses in Vietnam. Under the 0 CAPEX model, GreenYellow funds 100% of project costs and handles design, construction, licensing, operation, maintenance, and monitoring, while customers pay for electricity generated or share the savings achieved. The portfolio also includes Battery Energy Storage Systems (BESS), I-REC renewable energy certificates, and DPPA mechanisms.
Is GreenYellow Vietnam a public or private company?
GreenYellow Vietnam is a private company. It is classified as corporate owned and is currently operating.
When was GreenYellow Vietnam founded?
GreenYellow Vietnam was founded in 2020. It employs 51 to 100 people.
Where is GreenYellow Vietnam based?
GreenYellow Vietnam is headquartered in Hanoi, Vietnam, in the Asia region.
How does GreenYellow Vietnam make money?
Three revenue lines are on record. Solar PPA Revenue is the primary driver. The others are energy Efficiency Contracts (EEA/UAAS) and battery as a Service (BaaS).
Who are GreenYellow Vietnam's main competitors?
Direct peers on record are Sunseap / EDPR, Vena Energy, B.Grimm Power and BCPG. Broad incumbents are Gulf Energy Development, ENGIE and Schneider Electric. Emerging players are Trina Solar, Sungrow and Risen Energy.
Does GreenYellow Vietnam have an API?
No public API is recorded for GreenYellow Vietnam.
What industry is GreenYellow Vietnam in?
GreenYellow Vietnam's product category is Solar Energy Services. Its primary akta.pro industry code is EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System). Its NAICS code is 221114 and its SIC code is 4991.