November 30

Mainstream Renewable Raises €90 Million To Accelerate New Market Entries

By Eoin Burke-Kennedy

Mainstream Renewable Power, the wind and solar energy group founded by Eddie O’Connor, has raised €90 million in additional funding to accelerate new market entries and build-out assets across Latin AmericaAfrica and the Asia-Pacific region.

The capital raise from Mainstream’s current shareholders, including Norwegian investments company Aker Horizons, which maintained its 75 per cent stake in the company, will accelerate the company’s growth, extend its footprint and support its ambitions of building a global renewable energy major, the firm said.

Photo courtesy of usukhbayar-gankhuyag.

Source: The Irish Times (link opens in a new window)

global development, renewable energy, solar