Mainstream Renewable Power and Partners Awarded 1.27 GW of New Wind and Solar Projects in South Africa
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"We are very pleased to have secured such a significant win, underpinning our strategy of building true scale across our global platforms and helping deliver a just transition towards South Africa's clean energy and climate goals," said Mary Quaney, CEO of Mainstream Renewable Power.
The win makes Mainstream the most successful company in the history of the South African renewable energy procurement programme, with over 2.1 GW awarded to date. This includes 850 MW of wind and solar generation assets that Mainstream has already delivered into commercial operation across Rounds 1, 3 and 4 of the REIPPPP.
The Mainstream-led consortium will deliver six onshore wind projects and six solar PV projects. The consortium brings together a range of expertise, led by Mainstream's entirely African team of over a hundred professionals.
Mainstream owns 100 percent of the projects. At financial close, ownership will transfer to the equity consortium: Mainstream (25%) Globeleq (26%), Africa Rainbow Energy & Power (23.25%), H1 Holdings (23.25%) and Community Trusts (2.5%).
For further information, please contact:
Ivar Simensen, Communications, Tel: +47 46 40 23 17, ivar.simensen@akerhorizons.com
Christian Yggeseth, Investor Relations, Tel: +47 915 10 000, christian.yggeseth@akerhorizons.com
Emmet Curley, Head of Communications & Positioning, Tel P: +353 86 2411 690, emmet.curley@mainstreamrp.com
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