The United States is a key market for Mainstream, and we have started by focusing our efforts in Illinois. In June of 2009 we acquired a 787MW wind project development pipeline from FPC Services, Inc, including the 120MW Shady Oaks project, the 437MW Green River project, and the 200MW Boone County project. We are committed to the development of these projects, while at the same time pursuing further greenfield and mid-stage opportunities from the East coast to the West coast of the United States as well as several provinces in Canada.
We have established our U.S. Headquarters in Chicago, where a team of experienced staff is focused on identifying large-scale wind and solar energy projects in collaboration with governments, development partners and investors.
Our people are our defining strength and our industry experience in development, consent, construction and operations will deliver high quality renewable projects to the North American marketplace.
Mainstream’s experience and strong track record of funding and developing large-scale wind projects around the world makes us an ideal partner for utilities seeking to build out new wind capacity. Increasing the amount of indigenous renewable energy to the generation mix provides a hedge against fuel price volatility, and has proven to drive down costs of the overall system.
Mainstream’s business model involves selling operational wind farm assets to utilities, which benefits them in three ways:
1. Allows them to comply with either Provincial or Federal laws to increase the portion of renewable energy in their generation mix.
2. Offers a hedge against carbon-reduction compliance.
3. The fuel cost is fixed at zero; it replaces the more expensive fossil fuel generation and simultaneously reduces the demand for and price of fossil fuels.