Renewable Energy Corp. invests $40 million in U.S. solar firm

Facebook
Twitter
LinkedIn
Reddit
Email

Renewable
Energy Corporation ASA has invested $40 million for a 20 percent
shareholding in Mainstream Energy Corporation (MSE), a renewable energy
company headquartered in San Luis Obispo, California.

“Our investment in Mainstream Energy is both a reflection of the increasing importance of the US market and our ambition to take a more active role in building robust and scalable market channels as a basis for further growth,” says Erik Thorsen, President and CEO of Renewable Energy Corporation.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“The investment by the REC Group brings not only capital but also deep insight and experience in the entire PV value chain which we hope to leverage to provide additional value to our customers and manufacturing partners alike,” says Timothy Ball, Chairman of Mainstream Energy.

MSE will utilize the capital to accelerate its investments in companies, products and processes that reduce cost to increase solar energy acceptance in North America.

Read Next

Premium
June 2, 2025
Ben Moore reports on RESPONDENT, a European-funded project that uses space technologies to help integrate renewable energy into the grid.
June 2, 2025
Arctech has partnered with ACME Cleantech Solutions to provide 175MW worth of solar trackers for an upcoming facility in Duqm, Oman.
June 2, 2025
A new manufacturing method has produced tandem perovskite-silicon tandem solar cells with a conversion efficiency of 27.8%.
June 2, 2025
National Grid Renewables has rebranded to Geronimo Power following its acquisition by Canadian asset manager Brookfield.
Premium
June 2, 2025
Struggling Swiss solar manufacturer Meyer Burger has announced that its two German subsidiaries, including the owner of its solar cell manufacturing facility in Thalheim, are insolvent.
June 2, 2025
The LECO process used in the production of TOPCon solar cells could increase their resistances by 'orders of magnitude', per new research.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia