Foulath Holding, the parent company of Bahrain Steel and SULB, has announced the signing of a partnership agreement with Yellow Door Energy to develop a 123-megawatt solar power project in the Kingdom of Bahrain — one of the largest industrial-scale solar energy projects in the world.
The project will be implemented under a Power Purchase Agreement (PPA) and will include a 50 MW rooftop solar power plant, recognized as the world’s largest in a single location. Around 77,000 solar panels will be installed, covering 262,000 square meters of Bahrain Steel’s storage facilities.
In total, the project will comprise ten rooftop systems and four ground-mounted systems, featuring over 189,900 solar panels across an area of 707,000 square meters.
Once operational, the facility is expected to generate 200 million kilowatt-hours of clean energy annually and reduce carbon emissions by approximately 90,000 metric tons, in line with Foulath Holding’s decarbonization strategy and Bahrain’s national goal of achieving net-zero emissions by 2060.
Yellow Door Energy will finance, design, build, and operate the project under the PPA framework.
The announcement was made during the Gateway Gulf Forum 2025, organized by the Bahrain Economic Development Board (EDB) on November 2–3, which brought together key investors, business leaders, and policymakers from across the region and the world.
Her Excellency Noor bint Ali Alkhulaif, Minister of Sustainable Development and Chief Executive of the EDB, said:
“Bahrain has established itself as a leader in innovation-driven sustainability. We take pride in hosting the world’s largest rooftop solar power project, which not only strengthens Bahrain’s position in renewable energy but also reaffirms our commitment to a sustainable and resilient future.”
Meshary Al-Judaimi, Chairman of Foulath Holding, noted that the company has invested around USD 250 million in sustainability projects over recent years, adding:
“This solar project continues our commitment to responsible operations, community well-being, and environmental protection — ensuring that industrial growth goes hand in hand with sustainability.”
Sherif El Kholy, Managing Director and Regional Head of Actis in the Middle East and Africa and Chairman of Yellow Door Energy, commented:
“We congratulate Foulath Holding and Yellow Door Energy on this landmark agreement to develop the world’s largest single-site rooftop solar project. It demonstrates how competitiveness and clean energy can advance industrial decarbonization, setting a new global benchmark for low-carbon steel production.”
Dilip George, Group CEO of Foulath Holding, expressed his pride in this achievement, stating:
“Securing the world’s largest rooftop solar project marks a major milestone for Foulath Holding. This 123 MW project underscores our strong commitment to decarbonization and positions us among the leading industrial producers driving the global transition to sustainable steelmaking.”
Founded in 2008 in Bahrain, Foulath Holding is a regional industrial investment group focused on sustainable growth in the steel sector across the Middle East and North Africa. The company manages one of the world’s largest fully integrated steel complexes, spanning 1.7 million square meters, and oversees more than USD 2.4 billion in assets through its subsidiaries Bahrain Steel and SULB.
