{"id":88004,"date":"2024-11-14T00:00:00","date_gmt":"2024-11-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/edb-extends-usd-27-mn-to-yellow-door-energy-for-solar-projects\/"},"modified":"2024-11-14T00:00:00","modified_gmt":"2024-11-14T00:00:00","slug":"edb-extends-usd-27-mn-to-yellow-door-energy-for-solar-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/edb-extends-usd-27-mn-to-yellow-door-energy-for-solar-projects\/","title":{"rendered":"EDB extends USD 27 mn to Yellow Door Energy for solar projects"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>EDB finances YDE\u2019s solar projects: <\/strong>Emirates Development Bank (EDB) signed a USD 27 mn financing agreement with Yellow Door Energy (YDE) to support the development and operation of over 60 solar plants across the UAE, according to a <a target=\"_blank\" href=\"https:\/\/edb.gov.ae\/posts\/emirates-development-bank-and-yellow-door-energy-launch-aed100m-strategic-collaboration-to-power-uaes-net-zero-goals\" style=\"\" rel=\"noopener\">statement<\/a>. Yellow Door will use the funds to lease solar power plants through solar leases \u2014 also known as power purchase agreements \u2014 to industrial firms. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of EDB\u2019s strategy? <\/strong>The lender was planning in May to provide <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5e8d602f-8bfc-45a0-8c89-f5434de3e255\" style=\"\" rel=\"noopener\">AED 30 bn (c. USD 8.2 bn)<\/a> in financing to over 13.5k companies for renewable energy and food security, amongst other industries, by 2026. EDB also signed an agreement with the International Renewable Energy Agency to extend <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8ae0f6f6-e852-499c-9db6-aa78d2108f09\" style=\"\" rel=\"noopener\">AED 1.3 bn (c.USD 350 mn)<\/a> in financing to support Irena\u2019s Energy Transition Accelerator Financing platform last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> DATA CENTERS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beeah, Khazna, SCTA team up to launch the largest Tier III data center in Sharjah: <\/strong>Beeah Group partnered with Khazna Data Center and the Sharjah Communication Technologies Authority (SCTA) to set up the largest Tier III data center at the Sharjah Freezone for Communication Technologies in Kalba, among other data centers across the emirate, according to <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b65q6do-sultan-bin-ahmed-witnesses-data-centre-mou\" style=\"\" rel=\"noopener\">Wam<\/a>. Khazna Data Centres will develop the facilities, while the SCTA will provide regulatory support, allocate land, and establish energy infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>UM6P <\/strong><strong>+ EPFL partner on green energy research:<\/strong> The Mohammed VI Polytechnic University (UM6P) and Switzerland\u2019s \u00c9cole Polytechnique F\u00e9d\u00e9rale de Lausanne (EPFL) signed an agreement to enhance their collaboration on green energy research. The partnership aims to address energy challenges through innovative and sustainable solutions. (<a target=\"_blank\" href=\"https:\/\/www.moroccoworldnews.com\/2024\/11\/366331\/um6p-switzerlands-epfl-sign-new-agreement-to-boost-green-energy-research\" style=\"\" rel=\"noopener\">Morocco World News<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>DEBT WATCH- EDB finances YDE\u2019s solar projects: Emirates Development Bank (EDB) signed a USD 27 mn financing agreement with Yellow Door Energy (YDE) to support the development and operation of over 60 solar plants across the UAE, according to a statement. Yellow Door will use the funds to lease solar power plants through solar leases [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":88005,"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":[66,11,164,42,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseclimate","tag-green-finance","tag-solar-energy","tag-uae","wpautop","entry"],"acf":{"mongo_id":"3937c2eb-de95-4955-ab04-7dfab0a5fa76","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1381.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EDB extends USD 27 mn to Yellow Door Energy for solar projects","related_issue":[87988],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.0434c7d7-ef72-4d9a-8a25-eca187e3a8ef.mp3"},"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>EDB extends USD 27 mn to Yellow Door Energy for solar 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\/2024\/11\/14\/edb-extends-usd-27-mn-to-yellow-door-energy-for-solar-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EDB extends USD 27 mn to Yellow Door Energy for solar projects\" \/>\n<meta property=\"og:description\" content=\"DEBT WATCH- EDB finances YDE\u2019s solar projects: Emirates Development Bank (EDB) signed a USD 27 mn financing agreement with Yellow Door Energy (YDE) to support the development and operation of over 60 solar plants across the UAE, according to a statement. Yellow Door will use the funds to lease solar power plants through solar leases [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/edb-extends-usd-27-mn-to-yellow-door-energy-for-solar-projects\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-14T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1381.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/edb-extends-usd-27-mn-to-yellow-door-energy-for-solar-projects\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/edb-extends-usd-27-mn-to-yellow-door-energy-for-solar-projects\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EDB extends USD 27 mn to Yellow Door Energy for solar projects\",\"datePublished\":\"2024-11-14T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/edb-extends-usd-27-mn-to-yellow-door-energy-for-solar-projects\/\"},\"wordCount\":277,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/edb-extends-usd-27-mn-to-yellow-door-energy-for-solar-projects\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1381.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"EnterpriseClimate\",\"green finance\",\"solar energy\",\"UAE\"],\"articleSection\":[\"ALSO ON OUR RADAR\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/edb-extends-usd-27-mn-to-yellow-door-energy-for-solar-projects\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/edb-extends-usd-27-mn-to-yellow-door-energy-for-solar-projects\/\",\"name\":\"EDB extends USD 27 mn to Yellow Door Energy for solar projects - 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