Mainstream Renewable hands over 10% of Chilean portfolio after NY legal dispute

Mainstream Renewable Power, the Irish energy company, has handed over 10 per cent of its Chilean portfolio to an alternative lender that had taken a lawsuit against the firm in July last year.

Ares Capital, an alternative investment manager, took Mainstream to court in New York claiming it was owed $313 million as part of a financing deal for the company’s Chilean energy project. This case was settled as part of the reorganisation of capital ...