Mainstream gets EUR-100m trade finance facility

De Aar solar park, South Africa. Image: Mainstream Renewable Power.

September 21 (Renewables Now) - Global renewables pure-player Mainstream Renewable Power said on Wednesday that it has secured an additional EUR-100-million (USD 99.1m) trade finance facility, increasing its trade finance capacity to EUR 300 million.

The support was extended by lenders DNB Bank, ABN AMRO and a panel of international sureties. The Dublin-based firm said that the now larger facility will provide enhanced working capital capacity and support its ongoing growth.

At present, Mainstream has a portfolio with 27 GW of solar and wind power projects around the world. Its global efforts were noticed by Norway’s Aker Horizons ASA (FRA:7QF), which acquired a majority stake in Mainstream in 2021. In April 2022, Japanese trader Mitsui & Co Ltd (TYO:8031) invested EUR 575 million to buy a stake in the business.

(EUR 1.0 = USD 0.991)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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