Mitsui to Invest EUR 575 Mn in Mainstream Renewable Power

Mainstream Renewable Power, the global renewable energy company, is pleased to announce that Mitsui & Co., Ltd. has agreed to invest EUR 575 million in Mainstream in the form of new common shares, corresponding to a 27.5 percent equity stake in the Company.

Mitsui will take a long-term active role in the growth of the Company, alongside Aker Horizons, which will own 54.4 percent of Mainstream following the transaction.

This transaction values Mainstream at approximately EUR €2.1 billion on a 100 percent basis.

Mitsui and Mainstream's portfolios are focused and complementary, with both companies having significant assets in operation or under development in Latin America, Africa and Asia.

Mitsui will leverage its global business network across industries and its wide-ranging industrial capabilities, including global independent power producer (IPP) competence from 22 countries.

Mitsui is one of the leading Japanese general trading and investment firms, with approximately 45,000 employees in 63 countries. Mitsui's business activities span across mineral and metal resources, iron and steel, infrastructure, chemicals and energy.