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

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.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.


'Significant' Opportunity Exists Within Wind Energy's O&M Services Market

An increasing number of wind turbines are nearing the end of their warranty period, creating significant revenue-generating opportunities within the wind turbine operations and maintenance (O&M) sector.

Renewable NRG_id1934