Yellow Door Energy
| |||
| Private | |||
| Industry | solar developer | ||
| Founded | 2015 | ||
| Founder | Jeremy Crane | ||
| Headquarters | United Arab Emirates | ||
Area served | Middle East and South Asia | ||
| Products |
| ||
| Website | www | ||
Yellow Door Energy is a solar developer Headquarters in the United Arab Emirates. The company operates in the Middle East and South Asia, providing solar Power purchase agreement and Energy conservation agreements. Currently, the company has operations in 5 countries and serves the commercial and industrial sectors.
The Arabian Petroleum Investment Corporation, Equinor, the International Finance Corporation, and Mitsui & Co. are shareholders of the company.
History
Yellow Door Energy was founded in 2015 by Jeremy Crane in the United Arab Emirates.[1] The company was awarded their first project by Unilever in the United Arab Emirates in 2016. In the same year, the company began operations in Jordan and completed their Project financing program in 2017.
Towards the end of 2019, a total of $65 million in Series A round was raised and operations began in Pakistan. [2]
At the of 2020, the company had a total of 110 megawatts of solar assets operating and under development in 5 countries.[3] The company also closed the year with $41 million of new projects.[4]
On February 2021, the company was secured with loans worth $31.2 million from the European Bank for Reconstruction and Development(EBRD), German Investment Corporation(DEG), and the Global Environment Facility(GEF). HSBC and Arab Bank were also included in this transaction as offshore and onshore security agents. The purpose of this loan was to develop and operate eight Solar park in Jordan.[5][6]
Business Activities
Financing Solutions
Yellow Door Energy provides financing solutions to its customers through Energy conservation, Power purchase agreement, and Build-Own-Operate-Transfer (BOOT) arrangements.
Technical Solutions
The technical solutions that Yellow Door Energy provides to their customers include:
- EV charging station
- Heating, ventilation, and air conditioning (HVAC) upgrades.
- Hybrid solar systems
- LED lighting and control
- Rooftop photovoltaic power station, ground-mount, carport Photovoltaic system
- Solar thermal energy
- Solar wheeling systems
- Water efficiency
- Water treatment
Asset Management Solutions
Yellow Door Energy provides cleaning of solar panels, system upgrades, monitoring of system performance and demand management services.
Projects
| Customer Name | Capacity (Nominal power (photovoltaic) | Country |
| Al Nabooda Automobiles | 3.1[7] | United Arab Emirates |
| AMI Middle East | 0.615[8] | United Arab Emirates |
| Aqaba Special Economic Zone Authority | 6.1[9] | Jordan |
| Arab Petroleum Investment Corporation | 0.430[10] | Saudi Arabia |
| Carrefour, Majid Al Futtaim Group | 17[11] | Jordan |
| Classic Fashion Apparel Group | 5.5[12] | Jordan |
| Elcome International | 0.311[13] | United Arab Emirates |
| Future Pipe Industries | 2[14] | United Arab Emirates |
| Greenhouse Le Chocolat BPC | 0.869[15] | United Arab Emirates |
| Gulf Cryo | 0.520[16] | United Arab Emirates |
| Hira Industries | 0.216[17] | United Arab Emirates |
| Hira Walraven | 0.524[18] | United Arab Emirates |
| Istiklal Mall | 4 | Jordan |
| Jabri Restaurant | 1.2[19] | Jordan |
| Jordan Hospital | 1.8[20] | Jordan |
| Kamal Osjam Jamjoom Group LLC | 0.246[21] | United Arab Emirates |
| Landmark Group | 2.6[22] | United Arab Emirates |
| Middle East Insulation | 0.205 | United Arab Emirates |
| Nestlé | 5.5[23] | United Arab Emirates |
| Raaziq Logistics | 0.300 | Pakistan |
| Safeway Jordan | 4 | Jordan |
| Specialty Hospital, Jordan | 4 | Jordan |
| Starlet Innovations | 0.730 | Pakistan |
| Taj Mall | 4 | Jordan |
| Treet Corporation Limited | 0.367 | Pakistan |
| Turk Plast | 0.936 | Pakistan |
| Umniah | 17.6 | Jordan |
| Unilever | 1 | United Arab Emirates |
| United Foods | 2[24] | United Arab Emirates |
| Wisal Kamal Fabrics Ltd. | 0.604 | Pakistan |
References
- ↑ Leon, Pamella de (2019-06-02). "UAE-Based Solar Developer Yellow Door Energy Aims To Empower Emerging Economies Reliably, Efficiently, And Sustainably". Entrepreneur. Retrieved 2021-02-25.
- ↑ East, Forbes Middle. "Yellow Door Energy Secures $65 Million In Series A Funding". Forbes ME. Retrieved 2021-02-25.
- ↑ https://www.utilities-me.com/news/15844-yellow-door-energy-reaches-110-megawatts-of-solar-milestone
- ↑ https://www.constructionweekonline.com/projects-and-tenders/269745-yellow-door-energy-bags-contracts-valued-at-41m-for-2020
- ↑ https://www.constructionweekonline.com/business/270546-yellow-door-energy-secures-312m-funding-to-construct-solar-plants
- ↑ "Yellow Door Energy secures $31.2m to develop renewable projects in Jordan". The National. 2021-02-05. Retrieved 2021-02-25.
- ↑ https://www.utilities-me.com/news/16003-yellow-door-energy-launches-massive-solar-carport-and-rooftop-solar-plant-for-al-nabooda-automobiles
- ↑ https://www.utilities-me.com/article-4772-yellow-door-energy-ami-me-to-build-solar-plant
- ↑ https://www.utilities-me.com/news/14582-yellow-door-energy-brings-solar-power-to-jordans-aqaba-special-economic-zone-authority
- ↑ East, Forbes Middle. "Yellow Door Energy Gets $50M Financing Facility From APICORP". Forbes ME. Retrieved 2021-02-25.
- ↑ https://www.constructionweekonline.com/projects-tenders/182628-majid-al-futtaims-carrefour-jordan-stores-to-be-solar-powered-by-2020
- ↑ https://www.utilities-me.com/news/15092-jordans-classic-fashion-commissions-55mwp-solar-park
- ↑ https://www.prnewswire.com/news-releases/yellow-door-energy-elcome-sign-agreement-and-will-begin-installation-of-a-311-kwp-rooftop-solar-pv-plant-641242313.html
- ↑ https://www.constructionweekonline.com/projects-and-tenders/268324-yellow-door-energy-completes-2mwp-solar-plant-for-future-pipe
- ↑ https://www.utilities-me.com/news/15040-dubais-le-chocolat-and-greenhouse-foodstuff-trading-switches-to-solar-lease
- ↑ https://meconstructionnews.com/29779/arabian-industrial-gases-and-yellow-door-energy-sign-20-year-solar-lease
- ↑ https://www.constructionweekonline.com/projects-and-tenders/268527-yellow-door-energy-to-equip-hira-industries-with-460-solar-panels
- ↑ https://www.utilities-me.com/news/15777-green-goes-greener-hira-walraven-signs-solar-contract-with-yellow-door-energy
- ↑ https://www.utilities-me.com/news/15674-yellow-door-energy-commissions-solar-park-for-jordans-jabri-restaurant
- ↑ https://www.constructionweekonline.com/article-42904-jordan-hospital-yde-to-build-47mwp-solar-plant
- ↑ https://www.arabianbusiness.com/video/427191-video-dubai-fashion-retailer-builds-solar-plant-on-warehouse-roof
- ↑ https://www.constructionweekonline.com/projects-and-tenders/267160-landmark-inks-26mwp-solar-deal-with-amana-yellow-door-energy
- ↑ https://www.constructionweekonline.com/article-47619-nestl-signs-solar-contracts-for-three-dubai-manufacturing-sites
- ↑ https://www.constructionweekonline.com/projects-and-tenders/268147-united-foods-awards-yellow-door-energy-2000kwp-solar-project
External links
This article "Yellow Door Energy" is from Wikipedia. The list of its authors can be seen in its historical. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace.