Yellow Door Energy secures Multi-Million Dirham Debt Refinancing
Yellow Door Energy, a sustainable energy developer in the MENA region, has successfully secured a multi-million dirham debt refinancing partnership with the National Bank of Fujairah. The deal, advised by law firm Stephenson Harwood, will enable Yellow Door Energy to continue its mission of providing solar leases and renewable energy expertise to commercial and industrial businesses in the United Arab Emirates (UAE).
The partnership will refinance 31 operational solar power plants in the UAE, helping commercial and industrial businesses significantly reduce their energy costs and meet sustainability targets. With this facility, Yellow Door Energy remains the region’s leading distributed Commercial & Industrial (C&I) solar platform.
The deal is a significant milestone for all parties involved, as it aligns with the UAE’s Net Zero by 2050 target and COP28’s objectives, as well as the UAE’s Year of Sustainability and its Clean Energy Strategy 2050.
The Stephenson Harwood team was led by partner Nijoe Joseph (pictured), who was supported by associate Murtaza Hussain and paralegal Shwini Dsouza.