Yellow Door Energy, the leading sustainable energy provider for businesses in the Middle East, has ended 2020 with an impressive AED 150 million worth of new projects in the region, including projects in the UAE, Jordan, Pakistan, Saudi Arabia and Bahrain. During the same year, the company’s operating projects generated 60 million kilowatt-hours of clean energy, equivalent to reducing carbon emissions by 36 million kilograms or planting 600,000 trees.
These achievements align with the company’s vision to power emerging economies reliably, efficiently and sustainably. The projects, which provide affordable solar power to businesses without any upfront investment, also contribute to local sustainability goals in their respective countries, create new job opportunities and enhance the economy in local communities.
Commenting on this success, Jeremy Crane, CEO and co-founder of Yellow Door Energy, said: “Despite unfavourable economic conditions around the globe caused by the Covid-19 situation, we persevered and continued to deliver a strong performance across the region in 2020. This is yet another testimony that sustainability is a top priority for businesses, communities, and governments, and more so during a global crisis.
“Our mission is to contribute to sustainability goals set by our customers, and to strategies and policies set forth by forward-thinking governments. In the UAE, we are proud to contribute to the UAE Energy Strategy 2050, an ambitious strategy that is set to change the energy sector in the country and the wider region.”
The fourth quarter of 2020 was a particularly busy period for Yellow Door Energy, as it signed 15 megawatts of solar agreements worth more than US $10 million of investment. It also secured a US $50 million facility from APICORP, one of its shareholders. The company is poised for exponential growth as it eyes expansion plans in the Middle East, South Asia and Africa.