Aker ASA: Aker Horizons Acquires Mainstream Renewable Power to Create a Renewable Energy Major
Aker ASA (“Aker”) today announced that its wholly owned subsidiary, Aker Horizons AS (“Aker Horizons”), has agreed to acquire 75 percent of Mainstream Renewable Power (“Mainstream”), a leading independent renewable energy company within onshore and offshore wind and solar (the “Transaction”). The Transaction values the current equity of Mainstream at EUR 900 million on a 100 percent basis and gives Aker Horizons a portfolio of projects in operation and under construction of about 1.4 GW, a project development pipeline of about 10 GW and a further 10 GW of identified project opportunities.“