Sale of Lekela Power generates net proceeds to Mainstream of approximately US$90 million, subject to certain closing adjustments / Lekela is the African continent’s largest pure-play renewable energy Independent Power Producer (‘IPP’) with over 1 GW of fully operational wind assets / The planned exit reflects the successful culmination of Mainstream and Actis’ partnership strategy for Lekela, following a comprehensive value-creation approach establishing Lekela as global sustainability leader
Mainstream Renewable Power, DNV and partners will research and develop a toolbox to strengthen coexistence between ocean stakeholders, after the project received a grant of NOK 8.8 million from The Research Council of Norway.
Mainstream Renewable Power (“Mainstream”), the global pure-play renewable energy company, and Ocean Winds, the international company dedicated to offshore wind energy, have signed the seabed lease agreement with Crown Estate Scotland to the value of GBP 36 million for the development of a 1.8 GW floating offshore wind farm off the Shetland Islands in Scotland. Mainstream and Ocean Winds were appointed preferred bidder by Crown Estate Scotland during the ScotWind clearing process in August 2022.
Global renewable energy leader enters Irish offshore wind market targeting three major developments off Ireland’s coast / Tánaiste Leo Varadkar and Mary Buckley, Executive Director, IDA Ireland, officially open Mainstream’s new state-of-the-art global headquarters in Dublin
The shareholders of Mainstream Renewable Power (“Mainstream”) and Aker Offshore Wind have entered an agreement to combine the two companies to create a stronger renewable company with a 27 GW portfolio across solar, onshore wind and bottom-fixed and floating offshore wind projects.
Mitsui & Co., Ltd. invests EUR €575 million in Mainstream Renewable Power to accelerate growth of Mainstream’s renewable energy portfolio globally, including across the Americas, Africa and Asia-Pacific / Mainstream will issue new common shares, giving Mitsui a 27.5 percent ownership interest / Mitsui to strengthen Mainstream’s transformation into Renewable Energy Major through complementary geographic footprint, global customer network and industrial capabilities
Mainstream Renewable Power and Aker Offshore Wind have closed the transaction, announced in August 2021, which will see them take an initial 50 percent stake in Progression Energy’s 800 MW floating offshore wind project in Japan.
Actis, a leading global investor in sustainable infrastructure, and Mainstream Renewable Power, the global wind and solar company, have successfully exited Aela Energía, selling it to the Canadian-listed developer Innergex Renewable Energy.
The 1.4 GW Phu Cuong Soc Trang offshore wind project, being developed as a joint venture between Mainstream Renewable Power and the Phu Cuong Group, is located off the southern coast of Vietnam and will be the largest offshore wind farm in South East Asia / The first 200 MW of the project has received a Decision on Investment and an Investment Registration Certificate (IRC) from the Soc Trang Province, representing a significant step towards financial close, expected in 2022
Aker Offshore Wind and global wind and solar company, Mainstream Renewable Power have together been selected as the preferred bidder to acquire an initial 50 percent stake in Progression Energy’s 800MW floating offshore wind project in Japan.
The company's new platform, called Nazca Renovables, will be made up of six wind and solar farms, and may look to integrate large-scale batteries and storage systems
Mainstream Renewable Power has fully energised its 571MW Cóndor portfolio, the first phase of the company’s 1.35 GW Andes Renovables wind and solar power generation platform in Chile.
The global wind and solar company, Mainstream Renewable Power, has achieved financial close for the third and final phase of its 'Andes Renovables' wind and solar platform in Chile.
Aker Horizons of Norway to take a 75% equity stake in Mainstream Renewable Power valuing Mainstream at EUR1 billion including earn-out and subject to customary adjustments / Agreement enables Mainstream to accelerate its global expansion plan to bring 5.5 Gigawatts of assets to financial close by 2023 ahead of a planned IPO / Mainstream to continue to operate under its existing brand, with its current CEO and management team and its founder Dr Eddie O’Connor as Chairman
Proceeds used to fund portion of construction equity to build out 1.3 GW Andes Renovables wind and solar platform, one of the largest renewable energy platforms in Latin America / Transaction takes place alongside first drawdown under the US$630m Huemul senior project financing announced in September / A sixth bank, SMBC joins the senior banking consortium alongside IDB Invest, KfW IPEX-Bank, DNB, CaixaBank and MUFG, with Santander providing a VAT facility
Perdekraal East Wind Farm has completed a final hurdle to entering operations, just days after receiving ministerial praise for growing the Western Cape’s economy and energy resilience.
Construction of the first phase of Mainstream’s 1.3 GW Andes Renovables platform in Chile has reached 30% completion.
Eni, the global energy company, and Mainstream Renewable Power (“Mainstream”), the global wind and solar development company, have signed a co-operation agreement to develop large-scale renewable assets, targeting strategically important and high-growth markets for both companies.
The Sarco Wind Farm, which was developed and built by Mainstream and is owned by Aela Energía has completed the construction of its 71 km transmission line.
Two wind farms in South Africa have announced to reduce the carbon footprint of their wind turbines by changing the concrete mix of their foundations.
All 50 turbines are installed on site at the Sarco Wind Farm
The Aurora wind farm has successfully completed the installation of the first of its 43 wind turbines.
Sarco wind farm has announced it has reached another successful milestone that has seen the completion of the lifting of the first of its 50 wind turbines. The wind farm is located approximately 70 km to the southeast of the city of Vallenar in the Atacama Region in northern Chile.
Circa 6.6 billion Rand investment with construction of wind farm due to start in June 2018
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