{"id":76188,"date":"2023-02-23T01:51:54","date_gmt":"2023-02-23T01:51:54","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/02\/23\/uaes-the-national-bank-of-fujairah-and-yellow-door-energy-ink-agreement-to-refinance-solar-energy-projects\/"},"modified":"2023-02-23T01:51:54","modified_gmt":"2023-02-23T01:51:54","slug":"uaes-the-national-bank-of-fujairah-and-yellow-door-energy-ink-agreement-to-refinance-solar-energy-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/02\/23\/uaes-the-national-bank-of-fujairah-and-yellow-door-energy-ink-agreement-to-refinance-solar-energy-projects\/","title":{"rendered":"UAE\u2019s The National Bank of Fujairah and Yellow Door Energy ink agreement to refinance solar energy projects"},"content":{"rendered":"<p><strong>The<\/strong> <strong>National Bank of Fujairah and <\/strong><strong><a href=\"https:\/\/yellowdoorenergy.com\/yellow-door-energy\">Yellow Door Energy<\/a><\/strong><strong> inked a facility <\/strong><strong>agreement to refinance solar energy projects in the UAE<\/strong>, according to a <a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/towards-net-zero-nbf-and-yellow-door-energy-sign-multi-million-dirham-agreement-to-finance-solar-projects-in-the-uae-ddkyme2c\">statement<\/a>. The MoU will refinance 31 operational solar energy stations in the UAE with a total capacity of 39 MW. The exact facility value was not disclosed, but it is said to be worth \u201cmulti-mn AED\u201d. Yellow Door Energy recently completed a USD 400 mn funding round and will use the proceeds to develop sustainable energy projects in the Middle East and Africa.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Hitachi Energy<\/strong> will install the first <strong>charging infrastructure<\/strong> for <strong>electric truck <\/strong><strong>fleets<\/strong> <strong>in the UAE. <\/strong>The single location infrastructure is expected to come online by the end of 2023 and will be used by fleet operators leasing electric trucks from the transport and mobility solutions group <a href=\"https:\/\/www.mhao.ae\/en\">Mohamed Hareb Al Otaiba<\/a>. (<a href=\"https:\/\/www.hitachienergy.com\/africa\/en\/news\/press-releases\/2023\/02\/hitachi-energy-to-supply-the-uae-s-first-charging-infrastructure-for-electric-truck-fleets\">Statement<\/a>)<\/li>\n<li><strong>Egypt <\/strong>signed a knowledge transfer MoU with <strong>Chevron <\/strong>to tackle<strong> methane<\/strong><strong> emissions<\/strong> and boost efforts to <strong>decarbonize its oil and gas sector. <\/strong>The country joined the Global Methane Pledge in 2022, committing to reduce methane generation by <a href=\"https:\/\/enterprise.press\/stories\/2022\/06\/19\/this-morning-its-rate-week-a-big-week-for-diplomacy-74000\/\">at least 30%<\/a> of 2020 levels by the end of the decade. (<a href=\"https:\/\/www.chevron.com\/newsroom\/2023\/q1\/chevron-signs-mou-with-egypt-on-methane-management\">Statement<\/a>)<\/li>\n<li><strong>Dubai\u2019s Road and Transport Authority<\/strong> inaugurated their <strong>Transportation <\/strong><strong>Research and Innovation Pavilion (Trip)<\/strong> at the University of Birmingham in Dubai this week. The research facility will focus on <strong>boosting the sustainability<\/strong> of Dubai\u2019s mobility sector and providing support for <strong>Dubai-based transport startups<\/strong>. (<a href=\"https:\/\/wam.ae\/en\/details\/1395303130985\">Wam<\/a>) <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The National Bank of Fujairah and Yellow Door Energy inked a facility agreement to refinance solar energy projects in the UAE, according to a statement. The MoU will refinance 31 operational solar energy stations in the UAE with a total capacity of 39 MW. The exact facility value was not disclosed, but it is said [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":76189,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[67],"tags":[66,40,11,88,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-egypt","tag-enterpriseclimate","tag-renewables","tag-uae","wpautop","entry"],"acf":{"mongo_id":"4a955d05-8608-4c8c-8233-a0c36e93be4f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/12\/30.jpg","photo_position":"above","related_issue":[76174],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>UAE\u2019s The National Bank of Fujairah and Yellow Door Energy ink agreement to refinance solar energy projects - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/02\/23\/uaes-the-national-bank-of-fujairah-and-yellow-door-energy-ink-agreement-to-refinance-solar-energy-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE\u2019s The National Bank of Fujairah and Yellow Door Energy ink agreement to refinance solar energy projects\" \/>\n<meta property=\"og:description\" content=\"The National Bank of Fujairah and Yellow Door Energy inked a facility agreement to refinance solar energy projects in the UAE, according to a statement. The MoU will refinance 31 operational solar energy stations in the UAE with a total capacity of 39 MW. 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