Mainstream Renewable Power has announced the closing of the € 100 million equity investment by global Japanese Trading Company Marubeni Corporation.
The deal, which was announced in August, has been approved by Mainstream’s shareholders and makes Marubeni the largest institutional investor in Mainstream with a significant minority stake of approximately 25%. The deal signifies a long-term strategic alliance for both companies which will see them working closely together to accelerate Mainstream’s key projects across multiple jurisdictions. Marubeni Corporation already has business interests in the renewables sector globally, including the offshore wind industry in Europe and the electricity supply business in the UK.