Dubai, UAE–Yellow Door Energy, a sustainable energy company based in Dubai, has closed a $400-million equity raise, while announcing it plans to deploy about $1 billion in development of sustainable energy projects in the Middle East, Africa and beyond.
Yellow Door said in a statement that the funding was substantially provided by YDE’s newest and now controlling shareholder, Actis, while existing shareholders International Finance Corporation (IFC), Mitsui & Co., and APICORP also increased their equity commitments.
The investment also includes a purchase of current shares, enabling the company’s initial investors to exit
With the closure of this landmark transaction, YDE’s business plan is fully funded and the management team is now focused on executing sustainable energy solutions over the next five years, with a portfolio value expected to exceed $1 billion, which will be funded through a combination of equity and debt securities.