Mainstream Renewable Power raises $580m for projects in Chile

It has reached financial close for the first phase of its project, which consists of seven wind and three solar generation assets in total

EDF buys 450MW Scottish offshore wind project

The Neart na Gaoithe wind farm is planned to be commissioned in 2023

Firm signs 1GW of clean energy won in Chile auction

A renewable energy firm has signed every one of the 175 contracts it won in Chile’s latest electricity supply tender. The power purchase agreements (PPAs) awarded to Mainsteam Renewable Power during the 2016 auctions will provide close to 1GW of clean power and will involve an investment of around $1.6 billion (£1.25bn). These projects, which […]

Irish energy firm buys $525m Ghana wind farm

A Dublin-based renewable energy company has bought a $525 million (£322m) wind farm project in Ghana. Mainstream Renewable Power said it struck a deal for the planned 225MW Ayitepa project with Switzerland’s NEK Umwelttechnik. It is expected to be the largest utility-scale wind farm in Ghana and produce around 10% of the nation’s electricity generation […]

IKEA buys Canadian wind farm from Irish renewable firm

IKEA has closed a deal to buy a 46MW wind farm in Canada from an Irish renewable energy company. It is the furniture retailer’s second purchase from the renewable firm in three months, having announced the signing of a deal for the Carrickeeny wind farm in Ireland in August. The project is part of IKEA’s […]

Michael Fallon defends Government's EMR

Three years after the conception of the Energy Bill, it is finally making its way through Parliament and is expected to become law by the end of this year. And with the Electricity Market Reform (EMR) playing a key role in transforming the energy market, are businesses aware of the changes that will take place? […]

Wind farm to power IKEA’s Dublin and Belfast stores

Swedish furniture retailer IKEA’s stores in Dublin and Belfast (pictured) will soon be powered by renewable energy following its plans to buy a new wind farm. It is already being built by Irish energy firm Mainstream Renewable Power, which has been chosen to operate and maintain the plant for its 20-year life cycle. Located in […]

Japanese firm invests €100m in Irish renewable company

A Dublin-based energy company which plans to build a wind farm in Scotland has secured a €100 million (£86.5m) deal from a Japanese trading firm. Marubeni Corporation confirmed it would pay cash for a holding in Ireland’s Mainstream Renewable Power Ltd and take a 25% stake, becoming the second largest shareholder in the firm. The […]

Irish wind project to help ‘plug UK’s energy gap’

A wind project in Ireland will help “plug the energy gap in the UK”, according to the wind and solar company behind it. The ‘Energy Bridge’ wind park is expected to supply the UK with up to 5,000 MW of renewable energy from 2017. Mainstream Renewable Power claims the project will help create 54,000 jobs […]

Offshore wind could boost GDP by “huge” 0.6%

Economists say offshore wind could boost the UK’s gross domestic product (GDP) by a huge 0.6% and create nearly 175,000 jobs by 2030. In the short term offshore wind could boost GDP by 0.2% in the next three years. That’s according to a new report from the independent Centre for Economic & Business Research (CEBR) […]