The shareholders of Mainstream Renewable Power (Mainstream) and Aker Offshore Wind have entered an agreement to combine the two companies. Aker Horizons entered into an agreement with Aker Mainstream Renewables, a holding company co-owned by Aker Horizons, Mitsui & Co and Irish minority shareholders, to integrate Aker Offshore Wind into the Mainstream group.
Aker Offshore Wind is a wholly-owned subsidiary of Aker Horizons. On completion of the transaction, Aker Horizons’ ownership in Mainstream will be approximately 58.6 percent. Tove Røskaft has been appointed Head of Offshore Wind at Mainstream, reporting to Mary Quaney, Mainstream Renewable Power’s Chief Executive Officer. During her 25-year career at the Aker group, Røskaft has held a range of executive leadership positions across offshore products and operations as well as corporate management, most recently as Chief Operating Officer of Aker Offshore Wind.
Mainstream’s offshore business will continue to develop existing project opportunities for fixed and floating wind in markets such as Norway, Sweden, Japan, South Korea, Vietnam, Ireland, the UK and the US, while exploring opportunities in new markets. An Extraordinary General Meeting will be held at Aker Mainstream Renewables on July 15, 2022 to approve the transaction. The transaction is expected to close in August 2022.