Mainstream in Need for Equity Partner

Global wind and solar company Mainstream Renewable Power has commenced the selection process to bring on board a majority equity partner to help take its 450 megawatt Neart na Gaoithe project into construction and commercial operation. The process, which is being managed by KPMG London, is expected to conclude in early 2018.

The NnG offshore wind farm, located off the east coast of Scotland, is fully consented and was awarded a Contract for Difference (CfD) by the Low Carbon Contracts Company in February 2015. The CfD, which was awarded under a highly competitive tendering process, gives the wind farm an inflation-linked strike price for the electricity it produces for a period of fifteen years. NnG was one of only two offshore wind farms to secure a CfD contract through this... ... More: Official Press Release Mainstream

Keywords:

Mainstream, Neart Na Gaoithe, offshore, Scotland, equity partner