Mainstream Renewable Power reaches financial close on 50 MW solar PV plant to provide new flexible PPAs to private customers in South Africa
— New PPA product gives businesses a better alternative for their electricity supplyMainstream Renewable Power (“Mainstream”), the pureplay global wind and solar company majority-owned by Aker Horizons ASA, has reached financial close on its 50 MW Ilikwa solar PV plant. The power from the plant will supply multiple private commercial and industrial customers under flexible, shorter-term Power Purchase Agreements (PPAs) in a new-to-market product called Renewable Energy Supply Agreements (“RESAs”). This new product opens up the energy market in South Africa by giving a wider range of