Yellow Door Energy raises US$65 million to expand distributed solar in Middle East and Africa
Yellow Door Energy, a UAE-based solar developer, has announced that it has raised US$65 million in Series A financing to scale its investments in solar energy and energy efficiency solutions in the Middle East and Africa. This is one of the Middle East’s largest private placements in distributed solar.
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Country news
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January 31, 2019
PPA signed for 1.8 GW (and first independent) combined cycle power plant in Sharjah
General Electric (GE) and Sumitomo Corporation have signed a 25-year Power Purchase Agreement (PPA) with the Sharjah Electricity and Water Authority (SEWA) to develop, build and operate a 1.8 GW combined cycle power plant located in Hamriyah.
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January 09, 2019
Siemens to supply generators for 700 MW CSP project in Dubai
Siemens has announced that it has been selected to provide four steam turbine generator sets and auxiliary equipment for a 700 MW concentrated solar power (CSP) project in Dubai. The facility will be the largest single-site CSP plant in the world and comprises phase four of the Mohammed Bin Rashid Al Maktoum Solar Park.
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December 12, 2018
CMI of Belgium to supply world's tallest solar tower in Dubai
CMI has been awarded a contract for engineering and supplying a receiver for the 950 MW Phase IV of Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
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September 05, 2018
RFEOI issued for 1.2 GW clean coal project in Dubai
Dubai Electricity & Water Authority (DEWA) has announced the commencement of a competitive tender process to select a suitable developer or developer consortium for a 1,200 MW coal-fired project - the third phase of the Hassyan clean coal power plant.
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April 18, 2018
ICBC to arrange US$1.5 billion debt financing for 700 MW solar project in Dubai
ACWA Power has announced that ICBC is acting as the mandated lead arranger for a US$1.5 billion senior loan for the fourth phase of the Mohamed bin Rashid Solar Park, the largest thermo-solar power plant in the world. Financial close is expected shortly.
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