ABB_id2059
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.





IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015