39802 - Yellow Door

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Summary of Investment Information

Project Number

39802

Company Name

YELLOW DOOR ENERGY LIMITED

Date SPI Disclosed

Sep 20, 2018

Country

Middle East, Pakistan, and Afg Region

Region

Middle East

Projected Board Date

Nov 15, 2018

Environmental Category

B - Limited

Status

Active

Last Updated Date

Mar 15, 2019

Department

Disruptive Technologies and Funds

Industry

Infrastructure

Previous Events

Approved : Jan 3, 2019
Signed : Jan 28, 2019
Invested : Mar 13, 2019

Sector

Solar - Renewable Energy Generation

Project Description

Yellow Door Energy (“YDE” or the “Company”) is involved in the provision of rooftop and ground-mounted distributed solar power and energy efficiency solutions to commercial and industrial (“C&I”) consumers in Jordan and UAE. The Company has established a leading market presence in UAE and Jordan, where it has successfully developed, rooftop solar, ground-mounted solar and energy efficiency (ESCO) projects for C&I customers. The Company 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.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan
Equity	5.0

Development Impact

- Stakeholders impacts - The project will enhance affordability and serve towards ensuring cost efficiency for off-takers by introducing distributed generation systems. - Environmental impact - The project will contribute to reduction of GHG emissions - 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. - Enhancing competitiveness: The Project will help demonstrate the viability of distributed renewable energy generation as a disruptive technology in growth markets

E&S Category Rationale / Risks and Mitigation

The proposed investment is a Category B project as per IFC’s Environmental and Social Sustainability Policy because it is expected to have limited adverse environmental and social impacts during construction and operation, with impacts primarily expected to be short term, restricted to the site and relatively minor. Predicted adverse impacts can be avoided or mitigated by adhering to recognized site selection and design criteria, guidelines and performance standards, as described in the following sections.

IFC’s appraisal considered environmental and social management plans for the project and gaps if any between these plans and IFC requirements. Where necessary, corrective measures, intended to close these gaps within a reasonable period are summarized in the paragraphs that follow and in the agreed Environmental and Social Action Plan (ESAP) disclosed in this review summary. Through implementation of these management plans and the ESAP the project is expected to be operated in accordance with Performance Standards objectives

Contacts

For Inquiries About the Project, Contact

Yellow Door Energy
Jeremy Crane
CEO
+971 4 454 3033
contact@yellowdoorenergy.com
Suite 2106 Jumeirah Business Centre 1 / Jumeirah Lakes Towers, Cluster G / Dubai, UAE
www.yellowdoorenergy.com

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Local Access of Project Documentation

Suite 2106 Jumeirah Business Centre 1 / Jumeirah Lakes Towers, Cluster G / Dubai, UAE

This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. Its purpose is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following SII is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

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