March 04, 2015 2:07 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Mainstream Renewable Power Limited

Company Overview

Mainstream Renewable Power Limited develops, finances, constructs, and operates renewable energy plants. The company develops onshore and offshore wind and solar projects. It serves utilities and investment companies, and others worldwide. Mainstream Renewable Power Limited was founded in 2008 and is based in Dublin, Ireland. It also has offices in Calgary, Canada; Santiago and Los Ángeles, Chile; Beijing, China; London, United Kingdom; Berlin, Germany; Dublin, Ireland; Glasgow, Scotland; Cape Town and Johannesburg, South Africa; Chicago, Illinois; and Santa Monica, California.

Top Floor

Arena House

Arena Road

Sandyford

Dublin,  18

Ireland

Founded in 2008

Phone:

353 1 290 2000

Fax:

353 1 294 2390

Key Executives for Mainstream Renewable Power Limited

Founder, Chief Executive Officer and Director
Chief Financial Officer and Company Secretary
Chief Operating Officer and Executive Director
Executive Director and Chief Executive Officer of Onshore
Managing Director of Onshore Procurement, Construction & Operations and Executive Director
Compensation as of Fiscal Year 2014.

Mainstream Renewable Power Limited Key Developments

Mainstream Renewable Power Seeks To Raise Finances

Mainstream Renewable Power Limited is looking forward to raise €75 million in pure equity. The company is not interested in debt as of now. The company is also looking to raise money over the next number of months through five separate investment vehicles to fund various projects in Africa and Latin America.

Actis and Mainstream Launch USD 1.9 Billion Renewable Joint Venture in Africa

Actis and Ireland's Mainstream Renewable Power confirmed they will form a USD 1.9 billion joint venture to build up to 900 MW of green capacity in Africa by 2018. The two companies said that the bedrock for the joint platform will be formed by the 140 MW Khobab, 140 MW Loeriesfontein 2 and 80 MW Noupoort wind projects in South Africa's Northern Cape province. Just recently, Mainstream announced that a consortium led by it had achieved financial close on the three South African wind projects. It expects to start commercial operations at the plants in 2016. The project pipeline of the joint venture, dubbed Lekela Power, also includes the 225 MW Ayitepa wind scheme in Ghana, both wind and solar developments in South Africa and a further 100 MW in Egypt. Overall, the firm will seek to develop between 700 MW and 900 MW of projects in the next three years, using a combination of equity and debt financing. Actis will hold a 60% stake in the joint entity, leaving the rest of the interest to its partner. The two companies will operate the latest venture in a similar fashion to their existing ones in South Africa and Chile, meaning that Mainstream will be in charge of the full end-to-end management of the projects.

Mainstream Plans To Raise €100 Million By Selling A Stake

Mainstream Renewable Power Limited is planning to raise up to €100 million by selling a stake in Mainstream over the next nine months.

Similar Private Companies By Industry

Company Name Region
Edenderry Power Limited Europe
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Garves Wind Farm, Ltd. Europe
Clearpower Limited Europe
Mainstream Renewable Power Limited Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 15, 2014
Upwind International AG, 225-MW AyitepaWind Farm Project In Ghana
 

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