EBRD, DEG and GEF promote private-to-private solar energy in Jordan with Yellow Door Energy

The European Bank for Reconstruction and Development (EBRD) and DEG are providing Yellow Door Energy, a leading sustainable energy provider for businesses, with a US$ 10.6 million loan in local currency for the development, construction and operation of a portfolio of eight solar photovoltaic (PV) plants in Jordan.

The EBRD local currency financing is complemented by a loan mobilised by the Bank of up to US$ 5 million provided by the Global Environment Facility (GEF), a parallel US$ 15.6 million senior loan in local currency from the DEG, the German development finance institution, and an equity contribution from Yellow Door Energy. Spain is also providing results-based payments of up to €1.5 million, as well as technical assistance together with the European Union.

Funding agencies: