Mainstream and Actis sell African developer Lekela Power

Wind Industry Profile of

Sale of Lekela Power generates net proceeds to Mainstream of approximately US$90 million, subject to certain closing adjustments / Lekela is the African continent’s largest pure-play renewable energy Independent Power Producer (‘IPP’) with over 1 GW of fully operational wind assets / The planned exit reflects the successful culmination of Mainstream and Actis’ partnership strategy for Lekela, following a comprehensive value-creation approach establishing Lekela as global sustainability leader

Mainstream Renewable Power, the global wind and solar company, and Actis, a leading global investor in sustainable infrastructure, have successfully completed the sale of 100% of the Lekela platform to Infinity Power, a joint venture between Egypt's Infinity and UAE's... ... More: Official Press Release Mainstream Renewable Power

Keywords:

Mainstream Renewable power, Actis, sale, renewable energy, Africa, Lekela, wind farm, Infinity Power, exit, developer