aker horizons

Japanese investment company Mitsui has spent EUR575 million (US$ 631.6 million) in renewables designer Mainstream Renewable Power, bringing its valuation to EUR2.1 billion after the transaction.

Aker Horizons ASA (OSE: AKH) announced on Wednesday it has actually agreed to take care of its continuing to be shares in Norway-based polysilicon and silicon gas producer REC Silicon ASA to South Korea's Hanwha Group.

Mainstream Renewable Power has actually safeguarded EUR90 million (US$ 101.6 million) in equity funding to sustain the build-out of a multi-gigawatt pipe throughout Latin America, Africa and also the Asia Pacific area.

Aker Horizons ASA (OSE: AKH), the renewables platform controlled by Norway's Aker ASA (OSE: AKER), has actually raised NOK 1 billion (USD 116.7 m/EUR 100.9 m) to strengthen its balance sheet ahead of additional financial investments in wind and solar subsidiary Mainstream Renewable Power Ltd as well as new green worth chains projects.

Eddie O'Connor, creator and previous CEO of Ireland-based Mainstream Renewable Power Ltd, has actually resigned as chairman of the board of the renewables business.

Norwegian investment firm Aker Horizons has actually gotten a 75% passion in Mainstream Renewable Power, valuing the solar as well as wind project developer at EUR1 billion.