mainstream renewable power

Norwegian investment company Aker Horizons has acquired a 75% interest in Mainstream Renewable Power, valuing the solar and wind project developer at €1 billion.

Mainstream Renewable Power has reached financial close for the second phase of its 1.3GW Andes Renovables wind and solar power generation platform in Chile.

CaixaBank, DNB, KfW IPEXBank, Natixis, SMBC and Societe Generale pump US$580m of debt into Andes Renovables platform, meant to deploy 1.3GW of wind and solar by 2022.

The developer will see its trade financing facility swell to €200 million (US$220 million) after striking an agreement with Dutch bank ABN AMRO.

Usya plant enters construction as developer works to deploy 400MW solar and wind pipeline in South American state by early 2020.

First phase of France-backed 100MW plant in Oruro almost complete while work gets underway for transmission line for 293MW Atacama duo.

Mainstream Renewable Power has received environmental approval to develop a 245MW solar plant in Chile, from the South American country’s Environmental Assessment Service.

In this week's Movers & Shakers, PV Tech reports on various executive board shuffles; Meyer Burger lets go of its COO, SPI Energy revamps its senior management team and SEPA expands its board of directors. In addition, Mainstream Renewable Power establishes an investment arm and Chile appoints a new energy minister amidst a time of energy policy upheaval.