in News Departments > New & Noteworthy
print the content item

Mainstream Renewable Power and Japanese Trading Company Marubeni Corp. have agreed on a EUR 100 million equity investment deal that sees Marubeni gaining a circa 25% holding in Mainstream.

The deal, which is subject to shareholder approval, represents the largest single equity investment in the company's five-and-a-half year history. As part of the agreement, Marubeni obtains the right to representation on the Mainstream board of directors alongside Barclays, which invested in the company in 2008.

According to Mainstream, the deal signifies a long-term strategic alliance for both companies, which will see them working closely together to accelerate Mainstream's key projects across multiple jurisdictions. Marubeni Corp. already has business interests in the global renewables sector, including the offshore wind industry in Europe and the electricity supply business in the U.K.

Since it was established in 2008, Mainstream has a built a global pipeline of more than 19,000 MW of wind and solar projects across four continents with plants currently in construction and operation in Ireland, South Africa, Chile and Canada.


Trachte Inc._id1770
Latest Top Stories

Six Key Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965