Funding and M&A Roundup: Yellow Door Energy Closes $400 Million Equity Funding Round
Independent power producer Sunly raises $196 million
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Yellow Door Energy (YDE), a UAE-based solar developer, announced the closing of $400 million equity to continue its development of sustainable energy projects in the Middle East, Africa, and beyond. The investment also includes purchasing current shares, enabling the company’s initial investors to exit. The funding is provided by YDE’s newest and now controlling shareholder, Actis, with existing shareholders International Finance Corporation, Mitsui, and APICORP increasing their equity commitments.
