Mainstream Renewable Power Divests 675 MW Colombian Assets
Mainstream Renewable Power Sells 675 MW Colombian Portfolio to Celsia
FORNEBU, Norway – Mainstream Renewable Power, a prominent global player in wind and solar energy, has announced a significant strategic move. The company, majority-owned by Aker Horizons ASA, has successfully divested its 675 megawatt (MW) portfolio of wind and solar assets currently under development in Colombia. This divestment marks Mainstream's exit from the Colombian market.
Details of the Divestment
The portfolio includes an impressive array of renewable projects that Mainstream has diligently developed since 2019. It features three solar initiatives: the 100 MW Andromeda solar farm, the 175 MW Aries solar farm, and the 100 MW Pollux solar farm. Accompanying these are two substantial wind projects: the 150 MW Neptuno and the 150 MW Sirius wind farms.
Strategic Focus on Core Markets
This divestment is part of Mainstream’s refined strategic direction, allowing the company to concentrate its efforts on three key markets that show significant promise for future growth: South Africa, Australia, and the Philippines. By focusing on these areas, Mainstream aims to create maximum value through robust project execution, operational efficiency, and effective capital management, including capital recycling.
Contact Information
For any inquiries regarding this major transaction, interested parties can reach out to:
Jonas Gamre
Investor Relations
Tel: +47 97 11 82 92
Mats Ektvedt
Media Contact
Tel: +47 41 42 33 28
About Aker Horizons
Aker Horizons is an ambition-driven enterprise focused on nurturing green energy solutions and fostering new industrial opportunities to expedite the transition to a Net Zero future. The company embraces a broad scope, including renewable energy initiatives, carbon capture technologies, and sustainable industrial assets. Aker Horizons owes its expertise to the larger Aker group and aims to innovate and execute sustainable energy solutions worldwide.
About Mainstream Renewable Power
Mainstream Renewable Power stands as a leader in the pure-play renewable energy sector, operating a diverse portfolio of wind and solar assets spanning Europe, Latin America, Africa, and Asia-Pacific. Renowned for its success in developing gigawatt-scale renewable infrastructure, Mainstream has successfully achieved financial closure on 6.6 GW of renewable generation assets, contributing to a global project portfolio of 22.7 GW.
Frequently Asked Questions
What assets did Mainstream Renewable Power sell?
Mainstream Renewable Power sold a 675 MW portfolio of wind and solar assets in Colombia to Celsia.
What projects are included in the Colombian portfolio?
The portfolio includes three solar farms and two wind farms, including notable projects like the Andromeda and Aries solar farms.
Why did Mainstream decide to exit Colombia?
This exit aligns with Mainstream's strategic focus on markets where it sees greater potential for value creation, particularly South Africa, Australia, and the Philippines.
Who can be contacted for more information?
Jonas Gamre, Investor Relations, is the primary contact for inquiries related to this transaction.
What is Aker Horizons' focus?
Aker Horizons is focused on developing green energy solutions and sustainable industries to drive the global transition towards Net Zero emissions.
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