Mainstream Renewable Power Divests Colombian Energy Portfolio
Mainstream Renewable Power Divests Colombian Energy Portfolio
Mainstream Renewable Power, a leading player in the renewable energy sector and majority-owned by Aker Horizons ASA, recently announced an important step in its business strategy. The company has sold its impressive portfolio of wind and solar assets, totaling 675 MW, to Celsia, a prominent energy company associated with the Argos Group. This sale signifies Mainstream's strategic exit from the Colombian market.
Details of the Asset Portfolio
The assets included in this transaction represent a mix of renewable energy projects that have been in development since 2019. They consist of three major solar projects and two significant wind projects. Specifically, the portfolio includes the 100 MW Andromeda solar farm, the 175 MW Aries solar farm, and the 100 MW Pollux solar farm, along with the Neptuno and Sirius wind farms, each boasting a capacity of 150 MW.
Strategic Shift and Focus
This divestment aligns perfectly with Mainstream's refined strategy to prioritize its efforts in regions where it anticipates the highest potential for growth and value creation. By concentrating on markets such as South Africa, Australia, and the Philippines, the company aims to enhance its project execution, maintain a lean operational structure, and improve capital efficiency, including capital recycling.
Communication Channels
The company encourages interested parties to reach out for further information. Jonas Gamre, from Investor Relations, is available at +47 97 11 82 92 for inquiries.
For media-related questions, Mats Ektvedt can be contacted at +47 41 42 33 28.
About Aker Horizons
Aker Horizons is committed to developing sustainable energy solutions to support the transition towards Net Zero. This ambitious company is active in areas such as renewable energy, carbon capture, and the formation of sustainable industrial assets. As a part of the Aker group, Aker Horizons leverages considerable industrial, technological, and financial expertise to drive global decarbonization efforts. Aker Horizons is based in Fornebu, Norway, and is listed on the Oslo Stock Exchange. It operates on five continents, showcasing its global commitment to renewable energy.
About Mainstream Renewable Power
Mainstream Renewable Power stands out as a premier renewable energy firm, with strong wind and solar operations spanning Europe, Latin America, Africa, and the Asia-Pacific regions. Recognized as one of the foremost developers in the gigawatt-scale renewable energy sector, Mainstream has successfully advanced 6.6 GW of wind and solar projects to the stage of financial readiness and boasts a vast project portfolio of 22.7 GW.
Frequently Asked Questions
What recent transaction has Mainstream Renewable Power completed?
Mainstream Renewable Power has sold its 675 MW wind and solar portfolio to Celsia, marking its exit from the Colombian market.
What projects are included in the sold portfolio?
The portfolio consists of three solar farms and two wind farms, including the Andromeda, Aries, Pollux solar farms, and the Neptuno and Sirius wind farms.
What markets is Mainstream focusing on now?
Mainstream is shifting its focus primarily to South Africa, Australia, and the Philippines to enhance its project development efforts.
Who can be contacted for more information regarding the sale?
Jonas Gamre and Mats Ektvedt are available for inquiries regarding the transaction.
What is the mission of Aker Horizons?
Aker Horizons aims to facilitate the global transition to Net Zero by developing green energy and sustainable industrial assets.
About The Author
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