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Mainstream Awarded 360 Megawatts of South Africa Wind Projects

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Oct. 29 (Bloomberg) -- Mainstream Renewable Power Ltd., a Dublin-based renewable-energy developer, will build three wind farms totaling 360 megawatts in South Africa.

Construction on the projects in the Northern Cape province is expected to begin next year after financing closes on the wind farms, closely held Mainstream Renewable Power said in a statement today.

Mainstream is investing about 9 billion rand ($910 million) in the project, Emmet Curley, a spokesman, said in a phone interview. The projects’ debt has been arranged and underwritten by Barclays Plc, the Development Bank of Southern Africa and Eksport Kredit Fonden, the Danish export credit agency.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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