Related Articles
Forward article link
Share PDF with colleagues

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 Mai



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
BP partners with Oman on renewables and hydrogen
18 January 2022
Oil major plans to undertake wind and solar data assessment for multi-gigawatt energy hubs
Oil majors secure Scottish offshore wind rights
18 January 2022
BP, Shell and TotalEnergies buy options to develop large-scale fixed and floating projects offered in Scotwind tender round
China’s green finance boom lacks ESG data
17 January 2022
Regulators demand greater ESG disclosure as China’s emissions goals drive acceleration of green financing
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video