Mainstream Renewable Power

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Investec acted as mandated lead arranger and sole debt provider for the senior debt funding of Mainstream Renewable Power’s 50MW Ilikwa solar PV project located in the Free State.

When fully operational, it will produce 141GWh of electricity per year, powering the equivalent of more than 42,000 homes and avoiding the annual release of approximately 100,000 tons of CO2.

A bespoke funding solution including development finance and equity in the project was provided by our Energy and Infrastructure Finance team. 

We are proud to have partnered with Mainstream in this groundbreaking project that enhances energy access with flexible solutions for businesses in South Africa.

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Mainstream Renewable Power is a leading pure-play renewable energy company, with wind and solar assets across global markets, including in Europe, Latin America, Africa, and Asia-Pacific. Mainstream is one of the most successful developers of gigawatt-scale renewables platforms, across onshore wind, offshore wind, and solar power generation. It has successfully delivered 6.6GW of wind and solar generation assets to financial close-ready and has a global pipeline of 24.8GW, with 1GW in operation. 

In South Africa, Mainstream has developed and delivered into construction ten wind and solar plants with a combined capacity of almost 1GW. Mainstream has raised more than EUR3.0 billion in project finance to date and has a presence across five continents.