Mainstream Renewable Power scores SA energy dealA consortium led by Mainstream Renewable Power, one of Europe's leading wind-energy developers, has been given preferred Bidder status by the Department of Energy in South Africa for round three of the Department of Energy's renewable energy independent power producers programme.
Mainstream entered into a partnership with Thebe Investment Corporation, Old Mutual and local community members to build three wind-energy projects in the Northern Cape, expected to generate 360MW for the national grid.
Commenting on the announcement, Eddie O'Connor, Chief Executive of Mainstream Renewable Power (pictured) said: "The team here in Mainstream is delighted with our success today. I understand the quality was very high; there were 93 bids submitted, only 17 were successful today and we won three of those. Mainstream is now the leading developer of renewable energy in South Africa; we have three wind and solar projects due to be operational in the coming months and now a further three large-scale wind farms due to start construction next year. More than five years ago Mainstream identified the future potential of the South African market and we are delighted that the quality of our projects and the experience of our team has been recognised today."
He continued, "I congratulate the South African government for putting in place a process which is truly world-class and for the superb manner in which it has been executed. This win underpins Mainstream's long-term commitment to working with partners to bring the benefits of renewable energy, not only to South Africa but to the continent of Africa. This marks an extraordinarily successful time for Mainstream globally. This month we closed a €100 million equity investment with Japanese Trading House Marubeni Corporation, we signed a ground-breaking deal with Actis in Chile to build 600MW of wind and solar projects by 2016; more than 500 private landowners have signed up for our 5,000MW wind export project in Ireland and IKEA purchased our Carrickeeny wind farm in Ireland."
To learn more visit www.mainstreamrp.com.
Image: © Mainstream Renewable Power
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