Mainstream and Aker Horizon Sign Investment Deal

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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

Global wind and solar company, Mainstream Renewable Power, has signed an agreement with the renewable energy investment company Aker Horizons (a wholly owned subsidiary of Aker ASA) which will take a 75% equity stake in the company, subject to regulatory approval. The deal values Mainstream at EUR1... ... More: Official Press Release Mainstream Renewable Power

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Mainstream, Aker Solutions, wind, solar, developer, investment, share, stake, energy major, GW, global