Vision

Powering emerging economies reliably, efficiently and sustainably.

Mission

Become the leading sustainable energy partner for businesses, serving commercial and industrial customers in the Middle East, Africa and South Asia.

History

Yellow Door Energy was founded in 2015 in the UAE and Jordan, with the aim of providing sustainable energy solutions for commercial and industrial businesses. Today, the company has over 110 megawatts of solar projects in the Middle East and South Asia. Among its customers are premier businesses such as Nestlé, Unilever, Carrefour/Majid Al Futtaim, and Landmark Group.

Board Members

ZIA UL RAB SIDDIQUI

Zia serves as Director – Investment at Arab Petroleum Investments Corporation (APICORP), where he leads new direct equity investments. He has more than two decades of international experience in investment, financing, corporate finance, and consulting in diverse businesses including fertilizers, oilfield services, oil & gas, chemicals, industrials, shipping and energy.   Prior to joining APICORP in 2008, Zia worked at SABIC for five years where he was responsible for fertilizer investments. Throughout his career, he has held a number of board and board committee positions at companies and funds engaged in oilfield services, industrials, chemicals, energy and shipping.   Zia holds a Bachelor of Commerce from Delhi University, a post-graduate diploma in International Marketing from Delhi School of Economics and a master’s degree in International Trade from the Indian Institute of Foreign Trade. He also holds ICFA, CMA and CFM qualifications.  

YOSHINORI UTAKA

Yoshinori is the CEO of Mitsui & Co. Middle East and Africa Projects Investment Development Limited (M-MAP). He has over twenty-five years of experience in leading and managing infrastructure related transactions and successfully managing power generation assets. His experience spans diverse geographies including Japan, China, Middle East, Africa, Brazil and Mexico.   Yoshinori is currently a board member of eight power companies with a cumulative capacity of more than 8 GW operating across the Middle East and Africa. His previous experience includes development and investment of thermal IPPs, hydro power projects as well as renewable energy projects including solar PV and wind projects.   Yoshinori is an MBA and a mechanical engineer. He is an alumnus of Harvard Business School, Waseda University and Nagoya University.  

WASSEF SAWAF

Wassef has been CEO of a Dubai based private equity investor since 2012. In this role Wassef directly supported the founding of Yellow Door Energy. He has a wealth of experience and expertise in originating and structuring solar energy solutions for the utility, commercial, industrial and retail industries. Wassef has previously served as CEO of the North American and Asian operations of Kazareen Textile Company (KTC), a $70m-turnover enterprise in Egypt. Prior to his experience with KTC, Wassef worked at a boutique bank affiliated with UBS in Switzerland, catering to high net worth individuals with AUM of $250m. He is also a member of the Young Presidents’ Organization since 2011, and was previously a member of the Entrepreneurs’ Organization from 2007 to 2013. Wassef has a degree in Business Administration from the American University of Beirut and an MBA from Queen’s University in Canada.

SEVGI SECKINER

Sevgi Seckiner is currently a Principal Investment Officer in the Manufacturing, Agribusiness and Services department of the International Finance Corporation (IFC), leading the agribusiness, tourism, retail and property sectors in the Middle East and North Africa.   Mrs. Seckiner joined IFC in 2006 and prior to taking on her current role, she was leading IFC’s power sector investments in Eastern Europe and Central Asia, working in several power and renewable energy transactions in Southern Europe, Caucasus, North Africa and Latin America.   Mrs. Seckiner has over 20 years of banking experience in debt capital markets, project finance and equity investments, including financing of infrastructure projects in several countries for the past 13 years.  

MOUNIR KUZBARI

Mounir Kuzbari is the Managing Director, Member of the Board and Shareholder of Novus Aviation Capital, a resilient and growing aviation financing platform and a pioneer in aircraft leasing. In his current role, he heads the group’s Dubai operations and oversees its financing and debt capital activities including Novus’ mezzanine debt platforms. As part of the Novus senior executive team, Mounir is also responsible for the group’s strategy in building a robust structure, which has generated sustained success over two decades and established a strong foundation for future growth. Mounir brings to his role a wealth of experience and expertise in originating and arranging structured finance solutions for the aviation industry and in advising airlines and aircraft owners on the selection, purchase, financing, leasing and management of aircraft investments. Prior to joining Novus, Mounir served as Senior Vice-President with DVB Bank in New York, managing part of the bank’s portfolio of aviation clients in the Americas. He also worked at DVB’s Frankfurt and London offices in various groups including the bank’s risk department and the investment management group. While at DVB he led a team advising a group of Middle Eastern investors on developing a business plan, building a capital raising strategy and implementing an aircraft leasing platform. He also served on the Investment Committee of Aviateur Capital, a mezzanine debt vehicle partially backed by Airbus. Mounir is a former Board Member of the Clean Energy Business Council. Mounir is an active member of the Young President’s Organization (YPO) and the International Society of Transport Aircraft Trading (ISTAT). He holds a Bachelor’s Degree in Finance and Economics from the American University of Beirut (AUB) and completed an Executive Education Program on Family Business from the Harvard Business School. Mounir speaks English, French and Arabic.

JEREMY CRANE

As the Chief Executive Officer of Yellow Door Energy, Jeremy is leading the expansion of the distributed solar industry in the MENA region. He co-founded Yellow Door Energy with Adenium, where he previously acted as COO and helped build one of the region’s most successful renewable energy investors, deploying over $250 million in solar. Most recently, Jeremy and his team raised $65 million in Series A financing from global investors such as IFC, Mitsui, Equinor, and APICORP.

BASSEL S. HAMWI

Bassel currently serves as Head of IFC Middle East and North Africa Fund at IFC Asset Management Company, LLC. He also served as the Chief Executive Officer of Bank Audi Syria SA and served as its Deputy Chairman and General Manager. Bassel was a Director of Bank Audi Syria SA until 2018. He is also employed at IFC Asset Management Company, LLC. He spent 14 years with and was in charge of a number of direct investments in the Mashreq and GCC sub-regions. Bassel holds an MBA in International Finance and a BBA in Business Computer Information Systems from the University of North Texas and is an alumnus of the Harvard Business School.

BALA NAGARAJAN

Bala is an Investment Director at Equinor Energy Ventures (EEV), a USD 200MM corporate venture capital fund. EEV invests in clean energy startups to grow, become commercial successes and deliver technologies and business opportunities that can have a relevance to Equinor in the future. Bala has led EEV’s investments in distributed generation and energy storage. He joined Equinor’s business development team in 2012 and has originated and executed transactions across the globe.   Prior to joining Equinor he was the CEO and co-founder of a clean energy start-up in the UK.   Bala is a Chartered Accountant from India and MBA graduate from IESE Business School, Spain.  

Shareholders

ARAB PETROLEUM INVESTMENTS CORPORATION (APICORP)

The Arab Petroleum Investments Corporation (APICORP) is a multilateral development bank established to foster the development of the Arab world’s energy sector and petroleum industries. The corporation is owned by the ten Arab oil producing countries. APICORP makes equity investments and provides project finance, trade finance, advisory and research to the energy industry in its member states and the region. APICORP’s headquarters are in Dammam, in the Kingdom of Saudi Arabia, and has an office in the Kingdom of Bahrain. For more information, please visit http://www.apicorp.org/

EQUINOR ENERGY VENTURES

Equinor Energy Ventures (Equinor) is one of the world’s largest corporate venture funds dedicated to investing in attractive and ambitious growth companies in renewable energy. The fund has built a portfolio of investments in companies and funds since it was established in February 2016. The aim of the investments is to help the companies grow, become commercial successes and deliver technologies and business opportunities that can have a relevance to Equinor in the future. For more information, please visit https://www.equinor.com/en/what-we-do/new-energy-solutions/equinor-energy-ventures.html

MITSUI & CO., LTD.

Mitsui & Co., Ltd. (Mitsui) is one of the largest general trading & investment companies in Japan with diversified business ranging from products sales, worldwide logistics and financing, through to the development of major international infrastructure and other projects in fields such as Infrastructure Projects, Oil & Gas, Mineral & Metal Resources, Mobility, Chemicals, Food, Healthcare, IT and others. Mitsui has had presence in the Middle East over 50 years and are also active in the large sized power generation in the region. For more information, please visit https://www.mitsui.com

INTERNATIONAL FINANCE CORPORATION (IFC)

IFC-a sister organization of the World Bank and member of the World Bank Group-is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, please visit https://www.ifc.org.

UAE

+971 4 454 3033

Suite 3107 JBC 1 Cluster G Jumeirah Lakes Towers Dubai, UAE

Pakistan

+92 423 2020137

1st Floor 140-CCA Phase V DHA Lahore, Pakistan

JORDAN

+962 6 554 1655

Suite 302, Prime Center 13 Tla'a Al-Ali, Zuhar Street Amman, Jordan

BAHRAIN

+973 1 655 5022

Office 2968 United Tower Road 4609 Manama Sea Front 346 Manama, Bahrain

gosolar@yellowdoorenergy.com

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