Actis agrees to acquire a controlling stake in leading MEA commercial and industrial renewables platform Yellow Door Energy

  • Date: 29-Jul-2022
  • Source: Zawya
  • Sector:Technology
  • Country:UAE
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Actis agrees to acquire a controlling stake in leading MEA commercial and industrial renewables platform Yellow Door Energy

- Dubai-based Yellow Door Energy is the leading Middle East and Africa focused platform targeting more than 1GW of distributed solar and related energy solutions to C&I customers in the region

- The company’s mission is to advance the low carbon transition through deploying renewable technology, reducing regional business electricity costs and dependence on fossil fuels

- Exciting opportunity for Actis to scale up Yellow Door Energy into the region’s distributed solar sustainability leader

- Yellow Door Energy benefits from a large addressable market, strong management team in place, and a robust, secured, and growing customer pipeline

London: Actis, a leading global investor in sustainable infrastructure, has today announced the signing of definitive transaction documents for the acquisition of a controlling stake in Yellow Door Energy Limited (“Yellow Door Energy”, or “YDE”).

Yellow Door Energy is the leading distributed Commercial & Industrial (“C&I”) solar platform in the Middle East and Africa (“MEA”) region with around 200MW of secured production capacity. Closing of the transaction remains subject to obtaining the relevant regulatory approvals.

In all its target markets, YDE can offer customers a power supply that is more economical and sustainable than the grid. Demonstrating 10-50% power cost savings for customers, the company is positioned in the