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)
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)