Yellow Door Energy, the leading commercial solar developer in the Middle East, has been shortlisted for the Clean Energy Initiative of the Year Award for its solar leasing business model.
The Clean Energy Initiative of the Year is one of 16 award categories at the 2019 Middle East Energy Awards. The ideal candidate for this award demonstrates a strategic approach to lowering a company’s carbon footprint through the use of alternative energy.
In the case of Yellow Door Energy, the company’s solar lease (also known as a power purchase agreement in some markets) enables businesses to save 10% to 40% on their power bills with no capital investment while generating clean energy. As the lease provider, Yellow Door Energy would invest in, design, construct, commission, operate and maintain the solar plant for the duration of the lease.
The award ceremony takes place on September 18 in Dubai and will celebrate achievements from individuals and organizations striving to innovate and change the energy sector.
About Yellow Door Energy
Yellow Door Energy is the market-leading 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.