Yellow Door Energy to develop over $1bn in sustainable energy projects following $400mn equity raise ...United Arab Emirates

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Yellow Door Energy to develop over $1bn in sustainable energy projects following $400mn equity raise
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 18
Sustainable energy firm Yellow Door Energy says it has successfully closed a $400mn equity raise, which will enable it to continue developing sustainable energy projects in the Middle East, Africa and beyond. The investment includes a purchase of current shares, enabling the company’s initial investors to exit. The funding is substantially provided by YDE’s newest and now controlling shareholder, Actis, with existing shareholders International Finance Corporation (IFC), Mitsui & Co (Mitsui) and APICORP also increasing their equity commitments, the firm explained. With the closure of this transaction, YDE’s business plan is said to be fully funded. The management team is now focused on execut

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