Our business model offers an á-la-carte solution for our customers to partner with us at any stage of a project – from site identification through to long term operation. Organisations such as utilities, energy intensive corporations, pension funds and global consumer brands often acquire stakes in our projects. This can happen anytime during the development, construction or operation process.
We bring the projects through all the stages of development (such as securing land, environmental studies, consenting, procurement, financing and so on). Then we appoint construction contractors and we manage the entire process until a wind or solar plant is operating.
It’s about developing and building plant to meet the needs of our clients. We represent a solution for those who want to own renewable energy plant but don’t want to do it themselves. For example in a deal announced in early August 2013, IKEA will purchase our Carrickeeny project in Ireland at commercial operation date and Mainstream will continue to operate and maintain the wind farm for the 25year life-span.
Our shareholders’ money is focussed on the development and construction space. It’s a riskier area than the operating phase when the farm is built and generating electricity and cash. It’s riskier but we have a deep understanding of these risks and we’ve a track record in handling them, managing them and delivering the end result.