Mainstream Renewable to chase IPO in wake of Norwegian sale

Founder Eddie O’Connor says Supernode, a second firm included in the €1 billion deal, is perfecting storage technology which could see clean energy swallow the market whole

24th January, 2021
Mainstream Renewable to chase IPO in wake of Norwegian sale
Eddie O’Connor, chairman of Mainstream Renewable Power: ‘Offshore wind, onshore wind and solar are coming in at around half the price of coal’. Picture: Fergal Phillips

Mainstream Renewable Power will seek an IPO within three years according to its chairman Eddie O’Connor, who has just completed a majority equity sale of the business he founded.

The Irish renewable energy development firm, which has clean energy assets across Asia, Latin America and Africa, has agreed to sell a 75 per cent equity stake to Aker Horizons, a Norwegian development company, valuing Mainstream at over €1 billion.

The company was founded in...

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