NEWS
Company celebrates 1 billion kilowatt-hours of clean energy
Yellow Door Energy, a leading sustainable energy partner for businesses in the Middle East and Africa, marks its 10th anniversary with a momentous milestone: 1 billion kilowatt-hours( kWh) of clean energy generated through its solar projects. In practical terms, that’ s enough clean energy to charge 273 million smartphones for a year while reducing 396,000 metric tonnes of carbon emissions, thereby aligning with companies’ and countries’ clean energy goals and net zero targets.
Over the past decade, Yellow Door Energy has built an impressive portfolio comprising 400 megawatts-peak( MWp) of solar assets in various stages of operation, construction and planning in seven countries. This number is set to increase to 500 MWp by the end of 2025.
To date, the company has logged 5 million person-hours worked during construction and operation, all without a recordable incident, thanks to its rigorous quality, health, safety, social and environmental policies and practices.
Jeremy Crane, Group CEO of Yellow Door Energy, said:“ As we celebrate a decade of renewable energy leadership, I would like to express my sincere appreciation to everyone who has contributed to Yellow Door Energy’ s incredible journey. Our success is not just a company milestone; it is the success of businesses in the Middle East and Africa committing to net zero emissions. Our rapid growth is a testament to the strong momentum of the clean energy transition and the urgency to address climate change.”
New R & D campus will co-locate around 2,000 professionals from 44 countries
LAMDA Development S. A. has accepted a binding offer letter from ION Group, a financial services technology company, for the development within The Ellinikon Project of a Global R & D and Innovation Campus in Greece, co-locating around 2,000 professionals from 44 countries.
The campus, which will be developed by ION Group across two distinct neighbourhoods and cover a total maximum permitted buildable area of approximately 250,000 sqm, will comprise at least 50,000 sqm of office and collaboration spaces, a 1,000-seat auditorium designed for global events and up to 200,000 sqm of residential developments to accommodate ION Group’ s professionals.
The total transaction consideration receivable by LAMDA is € 450 million. ION Group’ s investment in the R & D and Innovation Campus is expected to exceed € 1.5 billion by completion, which is anticipated in 2030.
In addition, ION Group will purchase treasury shares representing a 2 % equity stake in the company, reflecting ION Group’ s confidence in The Ellinikon.
This strategic partnership launches The Ellinikon Business District, the final component of the project’ s masterplan, while positioning The Ellinikon as a European hub for AI and digitisation.
This new city within a city is establishing its rightful place on the international stage through the strategic agreement between LAMDA Development and global leader ION Group to create a world-class hub for innovation, research and technology. This landmark initiative carries significant national importance, fully aligned with Greece’ s vision for its future within an evolving global landscape. x
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