Yellow Door Energy helps food and beverage manufacturers go clean

Posted under Catering News ME, News.
by Dina Maaty | Published 3 months ago

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Yellow Door Energy’s rooftop solar plant at the Elcome International Head Office in Dubai

Yellow Door Energy, a commercial solar developer in the Middle East, is helping food and beverage manufacturers switch to solar energy and reduce electricity bills through an innovative solar leasing model. The company will share its insights and success stories at the inaugural Future Food Summit, which takes place in Dubai on September 25-26.

A solar lease, also known as a power purchase agreement (PPA) in some markets, enables businesses to save 10% to 40% on their electricity bills with no capital investment while generating clean energy. As the solar lease provider, Yellow Door Energy would invest in, design, construct, commission, operate and maintain the solar plant for the duration of the lease.

“We would like to support F&B manufacturers in reducing both their energy costs and environmental footprint through solar power generation. We’re honored to be a part of the esteemed Future Food Summit that brings together industry leaders. Together, we can harness the sun’s energy to achieve economic and sustainability objectives,” says Rory McCarthy, chief commercial officer of Yellow Door Energy.

Yellow Door Energy currently has over 100 megawatts of solar projects in its portfolio in the UAE and Jordan. In Dubai, the company is supporting Nestlé Middle East in building a 5.5 megawatt-peak solar plant, which is expected to be fully operational next month. This project and others in Yellow Door Energy’s portfolio are in line with DEWA’s Shams Dubai Net Metering Initiative and fully support the UAE’s Energy Strategy 2050.

Yellow Door Energy is a provider of solar and energy efficiency solutions for commercial and industrial customers in the Middle East, Africa and South Asia. Its projects enable customers to reduce energy costs, improve power reliability and lower carbon emissions. The company recently raised $65 million in Series A financing from global investors IFC, Mitsui, Equinor, APICORP and Adenium.

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