Aker Horizons takes majority stake in Mainstream
Mainstream Renewable Power pushes ahead with global construction programme and planned IPO
Norwegian private equity fund Aker Horizons has agreed a €1bn ($1.2bn) equity investment deal with Irish project development company Mainstream Renewable Power. The capital injection will allow Mainstream to deliver on its 5.5GW global wind and solar build-out programme. Aker Horizons, a wholly owned entity of Aker Holdings that exercises active ownership in renewables and low-carbon solution companies, will take a 75pc equity stake in Mainstream, valuing it at €1bn including earn-out and subject to customary adjustments and the passing of certain milestones. The transaction is expected to close in the second quarter of 2021, subject to the usual regulatory approvals and approvals from Mains
Also in this section
19 December 2024
The utility-scale battery energy storage system market is evolving rapidly, with diverse offtake models emerging to offer bespoke, flexible contracting solutions
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
