Financial strength

In a fast-growing sector like ours, the ability to structure deals and raise capital is critical.

So it has been a key priority for us to bring together an exceptional Corporate Finance team.

Our people have previously raised over €1 billion in project and corporate debt for other players in the renewables sector.

They have enduring relationships with key financial institutions and have worked with them to finance large-scale projects both on and offshore.

They have a proven ability to analyse, structure and negotiate mutually beneficial arrangements in the industry.

So they are perfectly positioned to deliver real value to shareholders, financial partners and development partners.

Fundraising. The story so far.

Spring 2008:

• Mainstream Renewable Power was established in February 2008 with a seed capital of €32 million, the majority of which was invested by co-founders Eddie Connor, CEO and Fintan Whelan, Corporate Finance Director.

Summer 2008:

• In August we announced the successful closing of a €40 million equity fundraising in which Barclays Capital invested €20 million for a 14.6% stake in the company. Click here to view the Press Release.
• The Board, management and staff of Mainstream, as well as close associates of the company invested an additional €20 million.

Winter 2008:

• Mainstream successfully raised €26 million in corporate mezzanine debt from a private placement with Dolmen Stockbrokers.