The UAE-based leading sustainable energy provider for businesses, Yellow Door Energy, is winding up the year with $41 million worth new projects in the Middle East.
The current achievement of new projects is following the company’s goal to address the energy requirements of the emerging economies with reliable, efficient and sustainable solutions.
The project spread across UAE, Jordan, Pakistan, Saudi Arabia and Bahrain, aims to offer affordable solar power to businesses without receiving any advance investments and support each country to in achieve its local sustainability goals as well as to create new job opportunities and boost the economy in local communities.
In 2020, the company generated about 60 million kilowatt-hours of clean energy through its operating projects, which is equal to cutting CO2 emission by 36 million kilograms or planting about 600,000 trees.
“Despite unfavorable economic conditions around the globe caused by the COVID-19 situation, we persevered and continued to deliver a strong performance across the region in 2020. This is yet another testimony that sustainability is a top priority for businesses, communities, and governments, and more so during a global crisis. Our mission is to contribute to sustainability goals set by our customers, and to strategies and policies set forth by forward-thinking governments.”
With its innovative projects, the company is making significant contributions to the UAE’s Energy Strategy 2050, an ambitious plan that is set to change the energy sector in the country and wider region.
During the fourth quarter of 2020, Yellow Door Energy has signed 15 megawatts of solar agreements worth over $10 million of investment. It also secured a $50 million facility from Arab Petroleum Investment Corp (APICORP), which is one of its shareholders.
Yellow Door Energy
The leading sustainable energy firm in the Middle East and South Asia region, Yellow Door Energy was founded in 2015. The Dubai headquartered company focuses to reduce energy costs, improve power reliability and lower carbon emissions with its efficient solutions. The shareholders of Yellow Door Energy are the International Finance Corporation (IFC), Mitsui, Equinor and APICORP.