Daily News Wrap-Up: MNRE Expands Module Capacity under ALMM list by 14,670 MW

US Slaps Steep Anti-dumping and Anti-Subsidy Duties on Solar Imports from Southeast Asia

Madhya Pradesh Issues Incentives for Biofuel Projects Above ₹100 Million

Funding and M&A Roundup: Solar Energy Startup Arnergy Raises $15 Million

Delhi’s Uttara Guruvayurappan Temple Turns Green with 80 kW Rooftop Solar System

Project Finance Brief: Spearmint Energy Secures $250 Million for BESS Projects

UPERC Approves Tariff for 5 MW of Bagasse-based RTC Power Procurement

GAIL Invites Bids for 17.5 MW Floating Solar Project in Uttar Pradesh

Santosh Kumar Sarangi Appointed as the New MNRE Secretary

MNRE Adds 14,670 MW Solar Module Capacity Under ALMM

<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2025/03/amazon_polly_77976.mp3?version=1743394266">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table>The Energy Ministry of Tunisia <a href="https://www.reuters.com/business/energy/tunisia-taps-four-international-firms-build-500-mw-solar-projects-2025-03-25/" target="_blank" rel="noopener">granted</a> licenses to four international firms to build solar projects with a cumulative capacity of 500 MW for 1.2 billion dinars ($386 million). France-based Qair International SAS will build two projects with a cumulative capacity of 300 MW. French company Voltalia will develop a 100 MW solar project. Norway&#8217;s Scatec and Japan&#8217;s Aeolus will jointly develop a 100 MW project. The country aims to generate 35% of its energy from renewable sources by 2030.
Kuwait and China <a href="https://www.kuna.net.kw/ArticleDetails.aspx?id=3222927&amp;Language=en" target="_blank" rel="noopener">signed</a> a framework agreement detailing their cooperation on renewable energy. The agreement established a plan for the third and fourth zones of the Al-Shagaya and Al-Abdiliya solar and wind projects with a production capacity of 3,500 MW each.
Moro Hub and Emirates Group <a href="https://www.tahawultech.com/business/emirates-group-co-locates-to-worlds-largest-solar-powered-data-centre/" target="_blank" rel="noopener">entered</a> a partnership to relocate Emirates&#8217; data center to a solar-powered data facility at the Mohammed Bin Rashid Al Maktoum Solar Park in Dubai. Moro Hub will provide co-location services, including rack space, power, cooling, and equipment supply. With this relocation, the Emirates Group aims to transition to clean energy, with an estimated annual capacity of approximately 3,000 MW, to power the data center.
EMSTEEL Group <a href="https://gulfbusiness.com/emsteel-yellow-door-energy-to-build-solar-project/" target="_blank" rel="noopener">partnered</a> with Yellow Door Energy to develop a 31.5 MW industrial rooftop solar project across 40 facilities in Abu Dhabi&#8217;s ICAD 1. Yellow Door will finance, build, own, and operate the project. The project is expected to generate 50 million kWh of clean energy. The project is expected to be completed in 2026.
The Port of Duqm Company <a href="https://technicalreviewmiddleeast.com/power-a-water/omans-duqm-port-to-receive-clean-energy-from-oomco" target="_blank" rel="noopener">signed</a> a memorandum of understanding (MoU) with Oman Oil Marketing Company to co-develop solar energy systems, electric vehicle charging infrastructure, and biofuels at the port. Reggy Vermeulen, CEO of Port of Duqm, said, &#8220;This MoU with Port of Duqm marks a key step in enabling the port to optimize energy use, reduce carbon emissions, and enhance sustainability.&#8221;

MENA Weekly Roundup: Tunisia to Develop 500 MW Solar Projects

The European Bank for Reconstruction and Development (<a href="https://www.ebrd.com/home" target="_blank" rel="noopener noreferrer">EBRD</a>) and DEG have provided a $10.6 million loan in local currency to <a href="https://www.yellowdoorenergy.com/" target="_blank" rel="noopener noreferrer">Yellow Door Energy</a>, a UAE-based renewable energy company, to develop and operate a portfolio of eight solar projects in Jordan.
The bank also mobilized $5 million provided by the <a href="https://www.thegef.org/" target="_blank" rel="noopener noreferrer">Global Environment Facility</a>. <a href="https://www.deginvest.de/International-financing/DEG/" target="_blank" rel="noopener noreferrer">DEG</a>, the German development finance institution, and an equity contributor in Yellow Door Energy, provided $15.6 million in senior loans for these projects.
The projects, with a total capacity of 48.3 MW capacity, will generate around 81 GWh of renewable energy while reducing 49,000 tons of carbon dioxide emissions annually. The generated electricity will be supplied to Umniah, Carrefour supermarkets, Safeway Supermarkets, Taj Mall, and Classic Fashion.
Spain will provide technical assistance to establish a digitalized monitoring, reporting, and verification system (D-MRV) and result-based payments of up to €1.5 million (~$1.79 million) to monetize greenhouse gas emission reductions of the portfolio. The portfolio is also registered with Verra’s Verification Carbon Standard, a global voluntary greenhouse gas emissions reduction program.
“Historically, Jordan has been reliant on hydrocarbon imports to meet its energy needs. Over the last decade, the country has developed its renewable energy sector, particularly solar, in order to remove the dependence on imported hydrocarbons and reduce their environmental impact,” EBRD said.
Currently, Jordan generates around 20% of its energy from renewable energy resources, exceeding its target of 10% of renewable energy generation. The country has set a new renewable energy generation target of 30% by 2030.
Yellow Door Energy said that it had around 110 MW of solar projects in the Middle East and South Asia. The company’s shareholders include the International Finance Corporation, Mitsui, Equinor, and Arab Petroleum Investment Corporation.
EBRD said that it had provided over €1.4 billion (~$1.67 billion) in funding for 54 projects in Jordan since 2012.
Last year, Arab Petroleum Investments Corporation, a multilateral development financing institution, <a href="https://mercomindia.com/apicorp-extends-50-million-to-yellow-door-energy/" target="_blank" rel="noopener noreferrer">announced</a> that it would provide a $50 million (~₹3.6 billion) revolving construction facility to Yellow Door Energy.
Mercom had earlier <a href="https://mercomindia.com/ebrd-solar-projects-jordan/" target="_blank" rel="noopener noreferrer">reported</a> that EBRD would provide a financing package of up to $35 million to Kawar Investments to develop a 37 MW solar project in Jordan.

EBRD, GEF and DEG Provide $31.2 Million Loan to Yellow Door for Solar Projects in Jordan

The Arab Petroleum Investments Corporation (<a href="http://www.apicorp.org/about-us" target="_blank" rel="noopener noreferrer">APICORP</a>), a multilateral development financial institution, has signed two agreements with <a href="https://www.yellowdoorenergy.com/" target="_blank" rel="noopener noreferrer">Yellow Door Energy</a> to install a rooftop solar system at APICORP’s headquarters in Dammam and retrofit the building with energy-efficient technologies.
According to the company’s statement, the new fittings will cut APICORP’s carbon emissions by 2,000 tons and generate up to 718 MWh of clean energy and reduce energy consumption by 35%.
“The solar lease agreement on the roof of APICORP&#8217;s headquarters in Dammam will generate 718 MWh of clean energy in the first year of operation and will have a customized mounting structure to accommodate the roof&#8217;s wavy design,” a spokesperson of the company told Mercom.
The agreements mark Yellow Door’s first project in Saudi Arabia and are expected to be completed by the end of 2020.
“More exact dates will be disclosed as soon as we’re permitted to make them public,” the spokesperson added.
The company’s energy efficiency solutions at APICORP headquarters include retrofitting and optimizing the air conditioning and chiller systems, as well as installing over 3,500 LED light bulbs with smart control.
“Yellow Door will also install a rooftop solar project that spans 4,300 square meters,” states the company.
In 2019, APICORP and a consortium of international and regional banks invested $65 million in Yellow Door Energy to scale up investments in solar energy and efficiency solutions in emerging markets. YDE currently has over 100 MW of solar assets in development in the UAE, Jordan, Pakistan, and Egypt.
Meanwhile, Saudi Arabia is pursuing an ambitious renewable power strategy that includes plans to add 60 GW of clean energy capacity to the national grid by 2030. Of this, 40 GW will come from solar projects, 16 GW from wind turbines, and 2.7 GW from concentrated solar power.
Recently, Mercom reported that the Ministry of Energy of Saudi Arabia <a href="https://mercomindia.com/saudi-arabia-solar-tender/" target="_blank" rel="noopener noreferrer">issued</a> the request for qualification for four solar projects with a cumulative capacity of 1,200 MW. The projects fall under the Kingdom’s National Renewable Energy Program.
In May 2019, it was reported that Arab Petroleum Investments Corporation, <a href="https://mercomindia.com/apicorp-signs-75-million-term-facility-alfanar/" target="_blank" rel="noopener noreferrer">signed</a> a strategic five-year Murabaha financing facility worth $75 million with Alfanar Company, a developer and engineering procurement construction company for renewable energy.
Image credit: Yellow Door Energy

Yellow Door to Help APICORP Install Solar and Energy-Efficient Technologies in Saudi Arabia

<a href="https://www.yellowdoorenergy.com/" target="_blank" rel="noopener">Yellow Door Energy</a> (Yellow Door), a UAE-based solar developer, has announced that it has raised $65 million in a Series A financing round to scale its investments in solar energy and energy efficiency solutions in the Middle East and Africa. According to Yellow Door, this is one of Middle East&#8217;s largest private placements in distributed solar.
The investment comes from International Finance Corporation (IFC), a World Bank member, Mitsui &amp; Co., Ltd. (Mitsui), Equinor Energy Ventures (Equinor), Arab Petroleum Investments Corporation (APICORP), and UAE-based Adenium Energy Capital (Adenium), the founding investor of Yellow Door Energy since 2015.
The funding marks an important milestone for Yellow Door Energy, which has doubled its revenue since last year and has an impressive portfolio of customers including multinational corporations in consumer goods, retail, logistics, among many others. Yellow Door Energy provides solar leases and energy savings contracts to commercial and industrial businesses to help them reduce energy costs, improve power reliability and lower carbon emissions.
Jeremy Crane, CEO and Co-Founder of Yellow Door Energy, commented &#8220;The funding validates our company&#8217;s vision of powering emerging economies reliably, efficiently and sustainably. It enables us to scale our energy platform from the Middle East to Africa and Asia. We aim to build 300 megawatts of solar in the next 2 years, benefitting hundreds of businesses and the broader economy. We are excited that prestigious global investors believe in our company&#8217;s credibility, commitment and customer-centric offerings.&#8221;
Erik Becker, IFC Manager of Infrastructure and Natural Resources in the Middle East and Africa, commented: &#8220;Lack of economic power supply is hurting businesses large and small, stifling economic growth and contributing to unemployment across the region. Yellow Door Energy&#8217;s business model will help companies reduce energy costs and lower their carbon emissions &#8211; a strategic objective of IFC in the region.&#8221;
According to <a href="https://mercomcapital.com/product/2018-q4-annual-solar-funding-ma-report/" target="_blank" rel="noopener">Mercom’s Q4 and Annual 2018 Funding and M&amp;A report</a>, in 2018, global VC funding for the solar sector fell 18 percent to $1.3 billion in 65 deals, compared to $1.6 billion raised in 99 deals in 2017. Of the $1.3 billion in VC funding raised in 65 deals in 2018, $1.2 billion went to 50 Solar
Downstream companies, which was 91 percent of the total VC funding raised in 2018.
&nbsp;

yellow-door-energy

Get the most relevant India solar and clean energy news.

RECENT POSTS