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Linklaters advises Mainstream Renewable Power in €1 billion fairness funding cope with Aker Horizons


Linklaters has suggested world wind and photo voltaic business, Mainstream Renewable Power, on its agreement with the renewable power funding business Aker Horizons (an entirely owned subsidiary of Aker ASA) which is able to take a 75% fairness stake within the business.

The business has vital pursuits throughout Latin America, Asia-Pacific and Africa, as well as within the world offshore wind sector, with over 1.2 GW of main capital tasks presently under building. Mainstream has a serious market presence in Chile, Africa, and Vietnam, as well as property in improvement in different international locations together with the Philippines, Australia, and Colombia.

The deal values Mainstream at EUR1 billion and paves the way in which for a speedy acceleration of Mainstream’s world enlargement plans to carry 5.5 Gigawatts (GW) of wind and photo voltaic property to monetary shut by 2023.

Michael Honan, companion at Linklaters (Mainstream Corporate, London) commented:

“This deal will allow Mainstream to materially accelerate its growth plans to deliver a global portfolio of wind and solar assets and sets it on track to becoming one of the world’s first pure-play renewable energy majors.”

Jeremy Gewirtz, companion at Linklaters (Energy & Infrastructure, London):

“We are delighted to have helped the team at Mainstream with this transaction. Although we are only a couple of weeks into the new year, it is clearly going to be a stand-out deal in the renewables sector for 2021.”

The Linklaters crew was led by companions Jeremy Gewirtz (Energy & Infrastructure, London), Michael Honan (Mainstream Corporate, London) with managing associates Nicholas Howarth (Energy & Infrastructure, London), Thomas Ford (Mainstream Corporate, London), associates Catherine Yuen (Mainstream Corporate, London) and Bella Sullivan (Energy & Infrastructure, London).

The deal is topic to regulatory approval.

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