Dubai’s Yellow Door Energy raises $400m in new funding as it plans expansion – The National

Dubai’s Yellow Door Energy raises $400m in new funding as it plans expansion – The National

Renewable energy developer Yellow Door Energy has raised $400 million in a new funding round led by British private equity company Actis, the Dubai company's largest stakeholder, as it plans expansion into new markets.

The investment, which includes the purchase of current shares, will allow the company’s initial investors to exit, Yellow Door Energy said in a statement on Wednesday.

The World Bank's International Finance Corporation (IFC), Japan’s Mitsui, and Saudi Arabia's Arab Petroleum Investments Corporation (Apicorp), also increased their shareholding in Yellow Door Energy, which continues to develop sustainable energy projects in the Middle East and Africa.