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.






Trachte Inc._id1770
Latest Top Stories

Sen. Grassley Makes Another Legislative Push For Wind PTC Extension

U.S. Sen. Chuck Grassley, a long-time wind power advocate, recently made an effort to bring attention to the importance of a production tax credit extension.


Alberta Breaks Wind Power Record, Then Does It Again

Last week, the Alberta Electric System Operator recorded new wind production peaks in the Canadian province - highlighting how well the grid integrated the renewable energy.


Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.

Navigant_id1983
Renewable NRG_id1934
Canwea_id1984