Yellow Door Energy, a UAE-based solar developer, raised $65m in Series A financing.
Backers included International Finance Corporation, Mitsui & Co., Ltd., Equinor Energy Ventures, Arab Petroleum Investments Corporation, and Adenium Energy Capital.
The company intends to use the funds tomscale its investments in solar energy and energy efficiency solutions in the Middle East and Africa.
Founded in Dubai in 2015 by Jeremy Crane, CEO, Yellow Door Energy provides solar leases and energy savings contracts to commercial and industrial businesses to reduce energy costs, improve power reliability and lower carbon emissions.
Customers include multinational corporations in consumer goods, retail, logistics, among many others.