Mainstream Renewable Power Acquires U.S. Wind Development Projects; Announces Goal of Powering 200,000 Homes by 2013
The most advanced is the 120MW Shady Oaks project, located in
"Renewable energy has a huge role to play in reversing the economic downturn. Countries need large-scale indigenous energy sources such as wind power to stabilize fuel prices, create jobs and reduce carbon emissions and reliance on imported fossil fuels. What's needed is vision, expertise and innovation, and Mainstream's team of almost 100 highly experienced staff is focused on delivering these projects into operation by 2013."
Mainstream established its U.S. office in
Mainstream Renewable Power, based in
Airtricity, Dr. O'Connor and Mr.
Since its inception, Mainstream has:
- Actively engaged in development opportunities, onshore in
Canada, the U.S., Chile, and South Africaas well as offshore in the U.K., Ireland& Germany.
- Established offices in
Berlin, Chicago, Dublin, London, Santiagoand Toronto.
Euro 72 millionin equity, including EUR20 million from Barclays Capital for a 14.6% stake in the company.
- Raised a further
Euro 26 millionin Loan Notes through Dolmen Corporate Finance in December 2008.
- Signed a
$1 billionjoint venture to build a 400MW pipeline in Chile.
- Signed a
CAD$840 millionjoint venture to build a 400MW pipeline in Canada.
- Announced a joint venture with South African wind farm developer, Genesis Eco-Energy, to build an initial pipeline of over 500MW of wind energy by 2014.
- Awarded the exclusive right to develop a 1.1 billion offshore wind farm in Scottish territorial waters, with a potential capacity of 420MW.
Fintan Druryas chairman of its Board, which also comprises Sir Roy Gardner(U.K.), former head of Centrica, Chuck Watson(U.S.) of Eagle Energy Partners, Mark Brown(U.K.) of Barclays Capital, Brendan Halligan, chairman of Sustainable Energy Ireland and John Laveryof Lavery Kirby Gilmartin Solicitors.
- Assembled a team of almost 100 managers and staff, who have a combined experience of over 250 years in the renewable energy industry.
For more information, visit http://www.mainstreamrp.com/
FOR MORE INFORMATION, CONTACT: Joe Poulos Edelman Tel: 01 01 312 240 3389 firstname.lastname@example.org Emmet Curley Mainstream Renewable Power Tel: 011 353 1 290 2027 email@example.com
SOURCE Mainstream Renewable Power
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