Mainstream Renewable Power has secured US$ 50 million in mezzanine finance from funds managed by affiliates of Apollo Global Management to partially fund Mainstream’s equity investment in the 170MW Sarco and 129MW Aurora wind farms currently under construction in Chile owned by Aela Energía.
Aela Energía is the Chilean joint venture between Actis and Mainstream. The Aela joint venture obtained US$ 410 million in project financing in August 2017, bringing the projects to financial close and allowing construction to proceed.