Emirates Development Bank (EDB) has signed a financing agreement worth AED 100 million (~$27 million) with UAE-based Yellow Door Energy (YDE) to boost PV projects across the country. This financing will support the construction and operation of over 60 solar plants in the UAE. According to EDB, this investment aims to expand Yellow Door’s portfolio, focusing on industrial and commercial sectors. Yellow Door Energy plans to deploy solar systems under solar leases or power purchase agreements (PPAs).
EDB signs $27M deal with Yellow Door Energy for solar
The agreement with EDB is set to advance Yellow Door Energy’s solar initiatives, covering over 60 new projects. (Image Credit/Source: LCEC/Pixabay)
Backed by Riyadh Bank and APICORP, Jinko Power’s Tabarjal solar project is set to begin construction in AlJouf Province. (Image Source:Jinko Power)
The project, developed under an EPC contract with NHDC, leverages adaptive mooring systems and floating inverter technology. (Image Credit/Source: Pixabay/Pexels)
Shafag Solar Plant will cut 330,000 tons of CO₂ emissions and save 150 million cubic meters of gas yearly. (Image Source: Ministry Of Energy of The Republic of Azerbhaijan)
CHN Energy’s 1 GW project in Shandong spans 1,223 hectares with 2,934 solar platforms. (Image Source: CHN ENERGY)