Foulath Holding, an industrial group specialising in steel and iron, has announced its agreement with Yellow Door Energy, the leading sustainable energy developer in the Middle East and Africa, to begin developing a major 123-megawatt solar power project.
Developed under a power purchase agreement (PPA), the project includes the construction of the world’s largest single-site rooftop solar power plant with a capacity of 50 megawatts, featuring 77,000 solar panels installed across the company’s stockyard covering an area of 262,000 square metres.
The announcement was made during the Gateway Gulf 2025 Forum, the region’s leading investment event organised by the Bahrain Economic Development Board from 2 to 3 November 2025. The forum gathered representatives from the public and private sectors, senior investors, and global decision-makers to explore prominent investment opportunities and connect with leading Gulf development initiatives.
Noor bint Ali Alkhulaif, Minister of Sustainable Development and Chief Executive of the Bahrain Economic Development Board, stated: "The Kingdom of Bahrain has established an advanced position among nations that embrace innovation in promoting sustainability. We take great pride in this pioneering project to build the world’s largest rooftop solar power plant in Bahrain. This initiative not only reflects the Kingdom’s leading role in the renewable energy sector but also strengthens our commitment and flexibility in supporting strategic projects that contribute to our national vision for a sustainable future".
Meshary Al-Judaimi, Chairman of Foulath Holding, said:"Over the past few years, Foulath has invested approximately USD 250 million in various sustainable development projects. These investments reflect our dedication to responsible operations and to protecting the health and well-being of our community, ensuring that industrial growth aligns with environmental care. The solar power project continues this commitment".
Sherif ElKholy, Managing Director and Head of the Middle East and Africa at Actis, and Chairman of Yellow Door Energy, said: "Congratulations to Foulath Holding and Yellow Door Energy on this landmark agreement to develop the world’s largest single-site rooftop solar power plant. This project demonstrates how clean and competitive energy can advance industrial operations and set a new global standard in carbon-free steel production. As a leading investor in sustainable infrastructure and a major shareholder in Yellow Door Energy, we are proud to witness this signing and look forward to seeing the project come to fruition".
Expected to be among the world’s largest industrial-scale solar projects, the 123-megawatt site will include ten rooftop solar photovoltaic plants and four ground-mounted installations, contributing significantly to reducing carbon emissions in Bahrain’s steel sector.
The project aims to generate 200 million kilowatt-hours of clean energy in its first year of operation, using more than 189,900 high-efficiency solar panels across an area of 707,000 square metres, cutting carbon emissions by 90,000 metric tonnes. This initiative supports Foulath Holding’s sustainability goals and Bahrain’s Net Zero 2060 target.
Dilip George, Group CEO of Foulath Holding, expressed pride in this achievement, saying: "We are proud to host the world’s largest rooftop solar power project at Foulath Holding. This 123-megawatt project with Yellow Door Energy reflects our commitment to decarbonising our operations, environmental responsibility, and community well-being. Foulath Holding will continue to strengthen its leadership in sustainable development, set new industry standards, and contribute to a greener and more prosperous future for Bahrain and the region".
Jeremy Crane, Group CEO of Yellow Door Energy, said: "Yellow Door Energy is honoured to have been selected by Foulath Holding for this major 123-megawatt project. We are committed to helping leading industrial companies such as Bahrain Steel and SULB decarbonise their operations and achieve substantial cost reductions. This project holds special significance as we recently celebrated our 10-year anniversary and are now developing the world’s largest single-site rooftop solar plant. As the leading solar company for businesses in Bahrain and the Middle East and Africa, we are delighted to continue advancing clean energy in heavy industries and contributing to Bahrain’s Net Zero 2060 target".
As the solar developer, Yellow Door Energy will manage financing, design, construction, operation, and maintenance of the project throughout the duration of the power purchase agreement. This collaboration enables companies to reduce energy costs without upfront investment or operational risk while benefiting from clean energy solutions.
To date, Yellow Door Energy’s operating solar projects have produced more than one billion kilowatt-hours of clean energy, reducing carbon emissions by 400,000 metric tonnes. With a growing portfolio totalling 400 megawatts of awarded projects, and following its tenth anniversary, the company continues to lead the region in delivering efficient and safe renewable energy solutions.
Foulath Holding remains committed to aligning its operations with the principles of economic growth and environmental preservation, ensuring development occurs strategically, sustainably, and with social responsibility. Its initiatives are strategically aligned with Bahrain’s Economic Vision 2030 and the United Nations Sustainable Development Goals.