UAE's Yellow Door Energy raises $65m for solar projects

In:

Renewable energy

Region:

Middle East & Africa

UAE-based Yellow Door Energy has raised $65 million in Series A financing to scale its investments in solar energy and energy efficiency solutions in the Middle East and Africa.

The investment comes from International Finance Corporation, Mitsui & Co, Equinor Energy Ventures, Arab Petroleum Investments Corporation, and UAE-based Adenium Energy Capital.

Yellow Door Energy provides solar leases and energy savings contracts to commercial and industrial businesses to help them reduce energy costs, improve power reliability and lower carbon emissions.

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