Yellow Door Energy

Lead: Adenium Energy Capital

Investors: Adenium Energy Capital

Year 2015. Company release describes Adenium Energy Capital as 'the founding investor of Yellow Door Energy since 2015'; amount never disclosed. Adenium and other initial investors exited in the 2022 Actis transaction. Confidence: confirmed (round 13, Yellow Door Energy via PR Newswire).

Lead: Emirates Development Bank

Investors: Emirates Development Bank

AED 100,000,000 converted at 3.6725 = $27.23M (Zawya prints $27.2M). Government development-bank financing for 60+ solar PV plants in the UAE. Also: https://www.zawya.com/en/business/banking-and-insurance/emirates-development-bank-signs-272mln-financing-agreement-with-yellow-door-energy-p3wdp13i https://solarquarter.com/2024/11/14/emirates-development-bank-partners-with-yellow-door-energy-in-aed-100-million-agreement-to-propel-uaes-solar-energy-expansion/ Confidence: confirmed (round 13, Emirates Development Bank).

Lead: Actis

Investors: Actis, International Finance Corporation (IFC), Mitsui & Co., APICORP

Company does not label the round; 'Series B' follows Tracxn/press usage. Mixed primary and secondary: Actis became controlling shareholder, IFC/Mitsui/APICORP increased commitments, and 'a purchase of current shares' let the initial investors (incl. Adenium, Equinor) exit — so $400M is not all new money. Also: https://www.wamda.com/2022/10/yellow-door-energy-raises-400-million-equity-investment https://www.zawya.com/en/press-release/companies-news/yellow-door-energy-closes-400mln-equity-raise-to-develop-sustainable-energy-projects-in-mea-ixwjdxmk https://realassets.ipe.com/news/actis-to-take-controlling-stake-in-dubai-based-yellow-door-energy/10061342.article Confidence: confirmed (round 13, Yellow Door Energy press release (via pv magazine)).

Lead: EBRD

Investors: EBRD, DEG, Global Environment Facility (GEF)

Senior secured project loans for eight Jordanian solar plants (48.3 MWp): EBRD $10.6M and DEG $15.6M in local currency plus up to $5M GEF; Spain added €1.5M results-based payments (grant, excluded from amount). Also: https://www.thenationalnews.com/business/energy/yellow-door-energy-secures-31-2m-to-develop-renewable-projects-in-jordan-1.1160402 https://www.pv-magazine.com/2021/02/05/five-commercial-offtakers-for-33m-jordanian-solar-portfolio/ Confidence: confirmed (round 13, EBRD).

Lead: APICORP

Investors: APICORP

Revolving construction facility for PV projects, initially Jordan and Pakistan; APICORP was already an equity holder. Also: https://renewablesnow.com/news/apicorp-backs-yellow-doors-pv-projects-in-mena-with-usd-50m-loan-722211/ https://www.mercomindia.com/apicorp-extends-50-million-to-yellow-door-energy Confidence: confirmed (round 13, APICORP via APO Group).

Investors: International Finance Corporation (IFC), IFC MENA Fund (IFC Asset Management Company), Mitsui & Co., Equinor Energy Ventures, APICORP, Adenium Energy Capital

Company calls it 'Series A financing'. IFC's own release itemises its share: $5M from IFC's own account plus $14M from the IFC MENA Fund ($19M of the $65M package); no lead named. Also: https://www.ifc.org/en/pressroom/2019/ifc-and-ifc-asset-management-company-invest-in-innovative-solar-power-company-in-mena https://www.arabianbusiness.com/business/412165-uae-solar-firm-yellow-door-energy-secures-65m-investments https://taef.com/news/apicorp-announces-funding-of-uae-solar-developer-yellow-door-energy/ Confidence: confirmed (round 13, Yellow Door Energy via PR Newswire).