Yellow Door (IFC-39802)

Countries
  • Jordan
  • United Arab Emirates
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
YELLOW DOOR ENERGY LIMITED
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 14, 2019

Disclosed by Bank Sep 20, 2018


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Project Description

According to IFC website, the Yellow Door Energy has a portfolio of projects under development with major clients in UAE and Jordan, and is actively exploring opportunities to invest in similar projects in growth markets in the Middle East, Africa and South Asia regions. The Company is seeking equity funding from IFC and a group of other investors to implement these projects and execute its pipeline. The proposed project is expected to have the following development results: 

1. Stakeholders impacts. The project will enhance affordability and serve towards ensuring cost efficiency for off-takers by introducing distributed generation systems.

2. Environmental impact. The project will contribute to reduction of GHG emissions

3. Enhancing Resilience. The project will contribute to increased resilience in the power market, especially in Jordan and growth market areas, where power generation is heavily dependent on fossil fuel.

4. Enhancing competitiveness. The Project will help demonstrate the viability of distributed renewable energy generation as a disruptive technology in growth markets

Investment Description
  • International Finance Corporation (IFC)
Private Actors
  • Yellow Door Energy Limited -- Implementing Company

YDE is majority owned by Adenium Energy Capital, an existing IFC client and a developer of renewable energy projects in the Asia, Middle East and Africa region and Mr. Jeremy Crane, its current CEO.

Contact Information

Project Contact: Jeremy Crane
CEO, Yellow Door Energy 
Telephone No.: +971 4 454 3033
Email Address: contact@yellowdoorenergy.com
Office Address: Suite 2106 Jumeirah Business Centre 1, Jumeirah Lakes Towers, Cluster G, Dubai, UAE
Website: www.yellowdoorenergy.com

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/