Mainstream Renewable Power recently announced that Mitsui & Co., Ltd. has agreed to invest EUR €575 million in Mainstream in the form of new common shares. This corresponds to a 27.5 percent equity stake in the company, and will enable Mitsui to take a long-term active role in Mainstream’s growth. Following this transaction, Aker Horizons will own 54.4 percent of Mainstream.
This transaction values Mainstream at approximately EUR €2.1 billion on a 100 percent basis and will help the company to expand its renewable energy portfolio globally, including across the Americas, Africa and Asia-Pacific. The transaction is expected to close in April 2022.
Mainstream is a pure-play renewable energy company that develops, builds and operates wind and solar projects. It has a 14-year track record and has successfully delivered 6.5 GW of assets to financial close-ready. It operates in various global markets including in Latin America, Africa, and Asia-Pacific.
