INTERVIEW: UAE-based solar developer raises $65mln from global investors, eyes larger funding by 2020 - CEO | ZAWYA MENA Edition:
Dubai-based Yellow Door Energy (YDE), a provider of solar energy solutions in the Middle East and Africa, has raised $65 million from international investors in Series A funding, its chief executive said.
“We have five global investors that are funding this equity in Yellow Door Energy,” Jeremy Crane, CEO and co-founder of Yellow Door Energy (YDE), told Zawya in a telephone interview.
“This amount is going to provide the growth capital that we need to expand our operations in the Middle East, Africa, and South Asia,” he said adding that the firm, which is a developer of solar projecs, aims to build 300 megawatts of solar installations in the next two years.
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