Mainstream Renewable PowerTuesday, 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 included Michael Kennedy (Partner and Head of Employment), Emmet Whelan (Partner, Employment), Liam Connellan (Partner and Head of Pensions), 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: