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Yellow Door secures $400 million in new equity for sustainable energy projects

Staff Writer by Staff Writer
October 28, 2022
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Yellow Door secures $400 million in new equity for sustainable energy projects
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Yellow Door Energy (YDE), a company that acts as a sustainable energy partner to companies, has just raised a $400 million fresh equity round to build further its sustainable energy projects across Africa, the Middle East, and beyond.

Actis, YDE’s newest investor and now the majority shareholder, gave the cash, and existing investors International Finance Corporation (IFC), Mitsui & Co., Ltd. (“Mitsui”), and APICORP also bought more stock.

Following the successful completion of this landmark transaction, YDE’s business plan has been fully funded, and the management team is now concentrating their efforts on the execution of sustainable energy solutions over the next five years.

Read also: PolyChain Capital Leads Yellow Card’s $40 Million Series B Funding Round

Yellow Door Energy’s new portfolio is worth more than $1 billion

The portfolio is expected to be worth more than $1 billion, and a mix of stocks and bonds will pay for it.

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“This substantial investment will enable Yellow Door Energy to rapidly expand into new countries and deploy over $1 billion in projects across the region,” said Jeremy Crane, CEO and Founder of Yellow Door Energy. We would like to take this opportunity to extend a warm welcome to Actis as our new majority shareholder and look forward to a productive partnership. We would also like to thank our current shareholders, which include IFC, Mitsui, and APICORP, for continuing to invest in and support our business strategy of giving innovative companies in the Middle East and elsewhere cheap, reliable, and sustainable energy.

Our shareholders are aware of patient capital’s significance when investing in infrastructure projects that are sustainable over the long term. Yellow Door Energy is fully financed and in a good position to go on to the next stage of the company’s development due to the anticipated equity funding of over 400 million dollars. Nalin Nayyar, Yellow Door Energy’s Chief Financial Officer, said, “We look forward to using our shareholders’ expertise and continuing synergies to help both our company and our customers.”

“We’re excited about the opportunity our partnership with Yellow Door Energy presents to contribute to the transition away from fossil fuels in the MEA region by deploying new solar PV technology,” said Lucy Heintz, Partner and Head of Energy Infrastructure at Actis. We see a clear chance that we can help Yellow Door Energy continue to grow and become the leader in distributed solar sustainability in the area.

Yellow Door Energy operates in the United Arab Emirates, Jordan, Pakistan, Saudi Arabia, Bahrain, and South Africa. The company has one of the region’s largest commercial and industrial project portfolios, with 106 megawatts of operational capacity and another 104 megawatts that have been awarded and are in the process of being constructed. The company has built important relationships with more than 50 organizations, including multinational companies like Nestlé, Majid Al Futtaim, DHL, Mondelez, and others.

The organisation’s purpose is to become the sustainable energy partner of choice for major enterprises, with the goal of assisting those businesses in reducing expenses and carbon emissions. This directly helps countries and businesses around the world achieve their goals of achieving net zero emissions as a way to reduce the effects of climate change.

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About the Company

Yellow Door Energy is the premier sustainable energy partner for companies, and it serves commercial and industrial clients in the Middle East, Africa, and South Asia. Yellow Door Energy was founded in 2010. Businesses can cut their energy expenses, enhance their power dependability, and minimize their carbon emissions by using the organisation’s solar and energy efficiency solutions. Actis, the International Finance Corporation (IFC), Mitsui, and APICORP are Yellow Door Energy’s stockholders. Other shareholders include APICORP.

Tags: new equitysustainable energyYellow Door
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