Our Track Record
Since Mainstream was founded in 2008 we have grown significantly to become a global renewable energy company with a presence in 4 continents. We have a strong track record for delivering wind and solar generation assets at scale across global markets.
6.5 GW delivered to financial close-ready
Mainstream has delivered 6.5 GW of assets to financial close-ready across onshore wind, solar and offshore wind technologies in nine countries, and in doing so has raised over EUR 3 billion in project finance.
Track Record
- Mainstream founded by Dr. Eddie O’Connor
- Total capital raised from Barclays, retail investors and employees – €72 million
- Mainstream enters Chilean market
- Mainstream enters South Africa market
- Awarded development rights for 450 MW Neart na Gaoithe offshore wind farm
- Retail investor funding round closes with €57 million raised
- Won auction for 110 MW Shady Oaks wind farm in the US
- JV between Mainstream & Siemens Project Ventures awarded development rights for 4,000 MW offshore Hornsea Zone in the UK
- Retail investor funding round closes with €17 million raised
- Macquarie provided €40 million corporate facility
- Marubeni Corporation invested €50 million in Mainstream
- IKEA purchased the Carrickeeny (Ireland) and Old Man (Canada) wind farms from Mainstream
- First three assets in South Africa reach commercial operation; Jeffreys bay wind farm, De Aar and Droogfontein solar farms.
- Consent granted for Neart na Gaoithe (Scotland) and Hornsea (England) offshore wind farms
- Mainstream’s first Chilean asset reached commercial operation; the 33 MW Negrete Cuel wind farm
- Noupoort wind farm in South Africa (80MW) reached commerical operation
- Mainstream won 27% of the Chilean electricity auction (1,300 MW)
- Consortium of investors including Rockefeller Brothers Fund and IFC invest in Lekela Power
- Two wind farms commence commercial operation in South Africa (280 MW); Loeriesfontein and Khobab wind farms
- Mainstream signed agreement in Vietnam for the 1.4 GW Phu Cuong Soc Trang offshore wind farm
- Blackrock purchased 9 MW Knockaneden wind farm
- Taiba N’Diaye wind farm in Senegal (158MW) starts construction
- Perdekraal East and Kangnas wind farms in South Africa (250MW) start construction
- EDF Group acquired the 450 MW Neart na Gaoithe offshore wind farm in Scotland
- The Condor portfolio of projects (three wind and one solar) in Chile, starts construction (part of Andes Renovables platform)
- Increased trade finance facility up to €200 million
- The first 200 MW of the Soc Trang offshore wind farm in Vietnam is included in the government’s Power Development Plan VII
- The 630 MW Huemul portfolio, part of the Andes Renovables platform, reached financial close
- 12MW Raragh wind farm I Ireland sold to Blackrock Investment Management
- Mainstream closed $280m construction finance facility
- Aker Horizons acquires 75% of Mainstream
- Launched the 1 GW Nazca Renovables platform in Chile
- Completed planned divestment of Chilean JV Aela Energia.
- Mitsui joins as a long-term strategic investor, acquiring a 27.5% equity stake
- Mainstream and Aker Offshore Wind combine to create global frontrunner in offshore wind
- Mainstream and partner Ocean Winds win 1.8GW floating offshore wind site through ScotWind licensing round in the UK
- Mainstream sells Lekala Power, the African continent’s largest pureplay renewable energy independent power producer (IPP) with over 1 GW of fully operational wind assets
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