Tag: mainstream renewable power

Mainstream and Actis sign agreement to sell Africa-based Lekela Power

Mainstream Renewable Power and investment firm Actis have decided to sell Lekela Power, an African renewable energy platform, for around $1.5 billion. Lekela Power will be purchased by Infinity Group and Africa Finance Corporation (AFC), subject to regulatory approvals and customary closing conditions. Lekela is a pure-play independent power producer of renewable energy and was founded in 2015.

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Mainstream, Aker partner to develop 27 GW offshore wind portfolio

Mainstream Renewable Power and Aker Offshore Wind’s stakeholders have decided to merge their companies to establish a new offshore wind company with a 27 GW portfolio. Aker Offshore Wind (AOW), a wholly owned subsidiary of Aker Horizons, will be merged into the Mainstream group on a prior agreement between Aker Horizons and Aker Mainstream Renewables.

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The biggest challenge seems to be grid capacity: Mainstream Renewable Power’s Bernard Casey

We have a long history in the offshore wind space, and we have developed the world’s largest offshore wind farm in the UK, which is now owned and being built out by Orsted. In the APAC region, we are currently developing offshore wind projects in Vietnam and Japan as well as tracking various opportunities in the Philippines. The biggest challenge for offshore wind transmission often seems to be the onshore grid capacity. Meanwhile, the best locations for these projects are often remote from the load centers as is the case, for example, in Vietnam.

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