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    Mainstream gets EUR-100m trade finance facility


    September 21, 2022 - SeeNews Renewables

     

      September 21 (Renewables Now) - Global renewables pure-player Mainstream Renewable Power said on Wednesday that it has secured an additional EUR-100-million (USD 99.1m) trade finance facility, increasing its trade finance capacity to EUR 300 million.

      The support was extended by lenders DNB Bank, ABN AMRO and a panel of international sureties. The Dublin-based firm said that the now larger facility will provide enhanced working capital capacity and support its ongoing growth.

      At present, Mainstream has a portfolio with 27 GW of solar and wind power projects around the world. Its global efforts were noticed by Norway’s Aker Horizons ASA (FRA:7QF), which acquired a majority stake in Mainstream in 2021. In April 2022, Japanese trader Mitsui & Co Ltd (TYO:8031) invested EUR 575 million to buy a stake in the business.

      (EUR 1.0 = USD 0.991)

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