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27 Nov 2020

Stephenson Harwood advises Yellow Door Energy on US$50 million revolving construction facility deal

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Law firm Stephenson Harwood LLP has advised Yellow Door Energy Limited (Yellow Door Energy) on a US$50 million revolving construction facility deal with Arab Petroleum Investments Corporation (APICORP). The financing will be used to develop solar photovoltaic plants across the MENA region, with a key focus on Jordan and Pakistan.

Yellow Door Energy is a UAE-based sustainable energy provider, which has more than 110 megawatts of solar assets currently operating, or under construction, in the UAE, Jordan, and Pakistan. The company, of which APICORP is a shareholder, has recently expanded its business into Saudi Arabia, Bahrain, and Oman.

"I am pleased to have led our team in successfully supporting Yellow Door Energy in its ambitions to expand its operations throughout the MENA region,” said Nijoe Joseph, partner, Stephenson Harwood. “The achievement of financial close is testament to Yellow Door Energy and APICORP’s vision and teams, notwithstanding the general uncertainty created by the Covid-19 pandemic."

This financing enables Yellow Door Energy to continue developing its operations in solar energy and efficiency solutions across the region, and further supports its overall growth strategy. APICORP, established in 1975, is a multilateral development financial institution.

The Stephenson Harwood team was led by partner Nijoe Joseph, who was supported by senior associate Gaurav Jain and associates Kara Conneely and Chinar Zaidi.

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KEY CONTACT

Nijoe Joseph

Nijoe Joseph
Partner

T:  +971 4 407 3921 M:  +971 50 644 3571 Email Nijoe | Vcard Office:  Dubai

Gaurav Jain

Gaurav Jain
Senior associate

T:  +971 4407 3934 M:  +971 52 120 3147 Email Gaurav | Vcard Office:  Dubai

Kara Conneely

Kara Conneely
Associate

T:  +971 4407 3944 M:  +971 589 901 737 Email Kara | Vcard Office:  Dubai

Chinar Nuzhat Zaidi

Chinar Nuzhat Zaidi
Associate

T:  +971 4407 3960 M:  +971 589 901 727 Email Chinar Nuzhat | Vcard Office:  Dubai

MEDIA CONTACT

Rose Russell
Communications and PR executive

T: +44 20 7809 2961 
Email Rose

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