Creation of 100 Irish HQ jobs to support global and local growth plans
Global renewable energy leader enters Irish offshore wind market targeting three major developments off Ireland’s coast.
Tánaiste Leo Varadkar and Mary Buckley, Executive Director, IDA Ireland, officially open Mainstream’s new state-of-the-art global headquarters in Dublin.
Global renewable energy leader Mainstream Renewable Power has today announced plans to create more than 100 new jobs at its global headquarters in Dublin to support its international growth strategy, along with its offshore energy development plans for its home market in Ireland.
The full-time positions, which Mainstream will look to fill before the end of 2025, will allow the company to meet the growth in demand for renewable energies as the world transitions away from fossil fuels, and remain on course to become one of the world’s first renewable energy majors this decade.
The new roles will be specialist and highly skilled, providing opportunities across multiple disciplines including engineering, information solutions, finance, insurance, corporate affairs, corporate governance and project management.
In support of its national and global growth plans, Mainstream has opened a state-of-the-art new office campus at the Central Park business park in Leopardstown, Dublin, which will be home to the company’s expanded team of more than 200 head office employees by the end of 2025.
This is on the back of a period of unprecedented growth, with Mainstream’s global workforce having increased from 335 in January 2021 to more than 650 people today, across 20 markets.
Mainstream’s expansion in Ireland is supported by the Irish Government through IDA Ireland. Tánaiste Leo Varadkar and Mary Buckley, Executive Director, IDA Ireland, officially launched Mainstream’s new global headquarters at an event in Leopardstown today.
The expansion of Mainstream, which was founded in Ireland in 2008 and continues to have a strong Irish shareholding, coincides with the company’s re-entry into its home market, where it is currently developing three sites off the East, Southeast and West coasts of Ireland. Plans for significant offshore wind energy developments at each location are designed to support the Government's carbon emissions targets for the electricity sector by 2030.
"I visited the company’s offices in Chile and Colombia earlier this year and saw first-hand the incredible work the team does on a global scale. I’m excited to see what the team achieves here"
– Tánaiste Leo Varadkar
Mainstream’s offshore team, which is best known for developing the world’s largest offshore wind farm at Hornsea in the UK, is in the process of conducting early-stage development activities on its target sites in Ireland, and is commencing its engagement with key local stakeholder groups including fisheries, port authorities and other community groups.
Across the globe, Mainstream’s offshore team is developing offshore wind projects in Norway, Sweden, Vietnam, Japan and South Korea.
Mainstream’s global operations is led by Group Chief Executive and Irishwoman Mary Quaney, who has overseen the rapid growth of its global portfolio that now extends to 27 GW, roughly five times the size of Ireland’s peak electricity demand of 5.5 GW.
Commenting on Mainstream’s growth plans, Mary Quaney said: "While we are a global renewable energy company with presence across 20 markets worldwide, Ireland is very much the engine room of our business, we’re extremely proud of our Irish heritage led by our local management team.
"Our expansion here in Ireland, and our journey to becoming a renewable energy major, will provide a unique opportunity for new team members that we bring on board over the next year to make a hugely positive difference in the energy transition and industrial decarbonisation, domestically and internationally."
Speaking about Mainstream's plans for Irish offshore wind development, she added, “Ireland has very significant and in many ways unique offshore wind potential, and we are currently progressing opportunities for fixed and floating technologies off the East, West and South coasts.
"Given our roots within the Irish energy market, we plan to leverage the vast expertise and capabilities that we have developed internationally over the past 14 years to help build a state-of-the-art renewable energy system and a local supply chain to support it, all while providing investment, jobs and other meaningful benefits to our local communities."
Commenting on Mainstream’s expansion, Leo Varadkar, Tánaiste and Minister for Enterprise Trade and Employment, said: "Ireland has huge potential for offshore wind generation. Our coasts give us a natural advantage and I see us becoming a net exporter of electricity and energy over the next couple of decades, giving us greater energy security and price stability. It will also create thousands of jobs in communities, especially coastal communities, across the country.
"It’s a great vote of confidence in that vision, that has Mainstream Renewable Power deciding to invest further here, creating 100 new jobs in Leopardstown."
"I visited the company’s offices in Chile and Colombia earlier this year and saw first-hand the incredible work the team does on a global scale. I’m excited to see what the team achieves here."
Mary Buckley, Executive Director, IDA Ireland, added: "Mainstream has evolved into a world-class energy development company that is breaking new ground and positively transforming energy systems across the world.
"Today’s jobs announcement is great news for Ireland and those that wish to play a role in supporting Ireland’s transition to a low carbon economy, and we’re particularly excited by Mainstream’s plans to partner with local companies as part of its ambitions to contribute to the creation of a local supply chain that brings value back to local communities."
About Mainstream Renewable Power
Mainstream Renewable Power is a leading pure-play renewable energy company, with wind and solar assets across global markets, including in Latin America, Africa, and Asia-Pacific.
Mainstream is one of the most successful developers of gigawatt-scale renewables platforms, across onshore wind, offshore wind, and solar power generation. It has successfully delivered 6.5 GW of wind and solar generation assets to financial close-ready and has a global project portfolio of 27 GW.
In May 2021, Aker Horizons acquired a majority stake in Mainstream, and in April 2022, Mitsui & Co., Ltd. joined Aker Horizons as a long-term strategic investor. In August 2022, a transaction to integrate Aker Offshore Wind into the Mainstream Group was completed.
Mainstream has raised more than EUR 3.0 billion in project finance to date. Since January 2021, Mainstream has grown its team from 335 to over 650 today across five continents.