Mainstream wins two awards for Lekela Power deal

Category

Awards

Date

1 March 2024

Location

Africa

Mainstream picked up two awards in this year’s Infrastructure Investor Annual Awards, for the sale of the Lekela Power platform in 2023.

Established by Mainstream as a joint venture with Actis in 2015 to deliver clean, reliable energy across Africa, Lekela became the continent’s largest pure-play renewable energy Independent Power Producer. It is now powering some 3 million African households.

Mainstream won awards in two categories for the deal:

Deal of the Year, Middle East & Africa
Energy Transition Deal of the Year, Middle East & Africa.

Noupoort Wind Farm, part of the Lekela platform in South Africa

“These two awards are recognition of the vision and hard work of the Mainstream team, delivering and operating more than 1GW in some of the world’s more challenging markets is testament to our tenacity, knowhow and expertise. We are looking forward to expanding our footprint in especially South Africa through new routes to market."

Hein Reyneke

General Manager, Africa

The Lekela platform consists of over 1 GW of fully operational wind assets, including:

Five operational wind farms in South Africa (624 MW)
One operational wind farm in Egypt (252 MW)
One operational wind farm in Senegal (159 MW)

The sale reflected the successful culmination of Mainstream and Actis’s partnership strategy for Lekela, following a comprehensive value creation approach.

We congratulate all involved for their hard work in achieving the deal.

See our video on the deal below.