Mainstream wins $40m for African project

15th August, 2015
Mainstream wins $40m for African project
Mainstream Renewable Power chief executive Eddie O'Connor

Irish renewable energy heavyweight Mainstream Renewable Power has secured a $40 million cash injection from the World Bank, as it puts together the final pieces of a $450 million capital raise to fund its African building programme.

The money will be advanced through the International Finance Corporation, the infrastructure arm of the World Bank.

Mainstream plans to build up to 1GW of solar and wind farms in Africa in coming years, the company’s onshore procurement director Barry...

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