Wednesday
January 30
2019

Yellow Door Energy Raises $65M for C&I Solar in the Middle East and Africa

By Julian Spector

Dubai-based solar developer Yellow Door Energy on Monday raised a $65 million Series A to fund an expansion effort in the Middle East.

Yellow Door is one of the largest commercial and industrial-scale solar developers in a region marked more by massive utility-scale development. It has been active in the United Arab Emirates and Jordan, two of the more attractive regional markets for distributed generation.

This raise represents one of the largest venture investments on record for a Middle Eastern solar company, said Ben Attia, who tracks the region for Wood Mackenzie Power & Renewables.

Photo courtesy of James Moran.

Source: Greentech Media (link opens in a new window)

Categories
Energy
Tags
clean energy, renewable energy, solar energy