UAE’s Yellow Door scores another big investment this year: UAE industrial renewables firm Yellow Door Energy (YDE) raised USD 400 mn from shareholders that came on board earlier this year, including from majority shareholder private equity giant Actis, YDE said in a statement (pdf). Other shareholders to have come on board as part of the transaction include the International Finance Corporation (IFC), Japanese conglomerate Mitsui, and the Saudi-based Arab Petroleum Investments Corporation (Apicorp). The statement doesn’t say who owns what now, but did note that the move has allowed funding has allowed initial investors to exit the company.

This is the second time that Actis has invested in YDE this year. Actis acquired a majority stake for an undisclosed sum in July, the company said earlier this year. The acquisition, which was funded through Actis’ Energy 5 Fund, aimed to scale the company and accelerate its growth, as per the statement.

How will the funding be deployed? The investment will allow the company to expand into new countries and “deploy upward of USD 1 bn in projects in the region,” YDE CEO and founder Jeremy Crane said. With this transaction, the company is now “fully funded,” allowing its management team to focus on executing sustainable energy solutions over the coming five years, CFO Nalin Nayyar added.

What we know about YDE: The Dubai-based renewable energy provider has operations in the UAE, Jordan, Pakistan, Bahrain and South Africa. The company has 200 MW of secured production capacity — 106 MW in operation and an additional 104 MW awarded or under construction. It counts among its customers upward of 50 companies, including Nestlé, Majid Al Futtaim, DHL, Mondelēz and Unilever.