Dubai’s Yellow Door raises $400mn to develop sustainable energy projects

Dubai’s Yellow Door raises $400mn to develop sustainable energy projects

Dubai-based sustainable energy company, Yellow Door Energy has closed a $400 million equity raise in order to continue its development of sustainable energy projects in the Middle East and Africa (MEA) region.

The company said in a statement that a substantial part of the funding was provided by Yellow Door’s majority shareholder Actis, a global investor in sustainable infrastructure, while existing shareholders International Finance Corporation (IFC), Mitsui & Co., and the Arab Petroleum Investments Corporation (APICORP) also increased their equity commitments.

The investment also includes a purchase of current shares, enabling the company’s initial investors to exit, as per the statement.

Jeremy Crane

CEO – Yellow Door Energy “This substantial investment will enable Yellow Door Energy to rapidly expand into new countries and deploy over $1 billion in projects across the region. We wholeheartedly welcome Actis as our majority shareholder and look forward to a fruitful collaboration. We would also like to express our gratitude to our existing shareholders – IFC, Mitsui, and APICORP – for their continued investment and support for our business model of providing affordable, reliable, and sustainable energy to visionary companies in the MEA region and beyond.”

With operations in the UAE, Jordan, Pakistan, Saudi Arabia, Bahrain, and South Africa, Yellow