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Mainstream Renewable Power

Tuesday, 19 January 2021

ByrneWallace LLP is delighted to have acted as an Irish legal adviser for the global wind and solar company Mainstream Renewable Power on its landmark agreement whereby Norwegian company Aker Horizons (a wholly owned subsidiary of Aker ASA) is to take a 75% equity stake in the business. The transaction values Mainstream at €1billion including earn-out and subject to customary adjustments. This transaction will enable Mainstream to accelerate its global expansion plan to bring 5.5 Gigawatts of assets to financial close by 2023 ahead of a planned IPO.  

The ByrneWallace team who advised on this transaction was led by Neil Keenan (Partner and Head of Corporate). Neil has acted for Mainstream since it was founded in 2008. The team also included Gavin Blake (Partner and Head of Energy and Natural Resources), Michael Kennedy (Partner and Head of Employment), Emmet Whelan (Partner, Employment), Liam Connellan (Partner and Head of Pensions), Darren Daly (Partner and Head of Technology), Zelda Deasy (Senior Associate, Corporate and GDPR), Kenny McArdle (Senior Associate, Property) and Kelly Mackey and Philip O’Leary (Solicitors, GDPR and Corporate).

For more information on this transaction and to view Mainstream Renewable’s press release click here.

Further press coverage for this transaction, includes:

The Irish Times

RTÉ

Silicon Republic