in News Departments > FYI
print the content item

Mainstream Renewable Power has announced the closing of the EUR 100 million equity investment by global Japanese trading company Marubeni Corp. The deal, which was announced in August, has been approved by Mainstream's shareholders and makes Marubeni the largest institutional investor in Mainstream with a minority stake of approximately 25%.

"We have hundreds of megawatts of wind and solar projects currently in construction across Ireland, South Africa, Chile and Canada, and this investment will fund the build-out of further projects as well as [allow] Mainstream to become a more significant asset owner in our projects," comments Eddie O’Connor, Mainstream’s chief executive.

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





IowaDeptEconDevel_id1863

Helukabel_id1908
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

WomenofWind_id
Acciona_id1907
UEA_id1896
JLG_id1900
bonfiglioli_id1913
AWEA_id1886