MAINSTREAM RENEWABLE CAPITAL is the financing and investment arm of global wind and solar company Mainstream Renewable Power

MAINSTREAM RENEWABLE CAPITAL creates custom-made opportunities for investors to gain exposure to the fast growing renewable energy infrastructure sector.

Through its parent company Mainstream Renewable Power, it has access to a unique, rapidly growing, global portfolio of high quality, wind and solar generation projects at different stages, from financial close to in-development and fully operational. This 9GW portfolio spans a range of different technologies, geographies and time-lines, giving investors rich possibilities to find the investment opportunity that best suits their risk appetite and term preferences.

Read our press release about the establishment of Mainstream Renewable Capital

WHAT WE DO

A unique global portfolio of high quality wind and solar generation projects

There is a growing number of sophisticated investors looking for responsibly structured exposure to the renewable energy market. Mainstream Renewable Capital creates custom-made investment vehicles and structures that optimise investor appetite for competitive returns associated with a spectrum of types and degrees of risk across Mainstream Renewable Power’s substantial asset development portfolio that spans Latin America, Africa and Asia.

All of our projects are backed by long term Power Purchases Agreements (PPAs), and by credit support mechanisms including sovereign guarantees where necessary. Mainstream Renewable Power has built up a track record of working with financial institutions such as IFC, which we believe is unique in this space.

According to BNEF report June 2016, there is fundamental transformation of the world electricity system over coming decades towards renewable sources such as wind and solar. Renewables are set to take the lion’s share in terms of global investment. Some $7.8 trillion will be invested in green power, with onshore and offshore wind attracting $3.1 trillion, utility-scale, rooftop and other small-scale solar $3.4 trillion, and hydro-electric $911 billion.

The levelised costs of generation per MWh for onshore wind will fall 41% by 2040, and solar photovoltaics by 60%, making these two technologies the cheapest ways of producing electricity in many countries during the 2020s and in most of the world in the 2030s.

MRP is uniquely positioned to benefit from the strong continued growth of the global renewable market, with an unparalleled track record, scale and international footprint, based in markets that are driven by economics rather than subsidies.

OUR PROJECTS

Mainstream has a track record in delivering exceptional quality projects, on time, safely and within budget

South America

Chile

In August 2016 Mainstream led the largest and most competitive energy tender in Chilean history and was awarded 1GW of 20-year wind energy PPAs. It already has a 33MW wind farm in operation and an additional 300MW of wind generation with PPAs, nearing financial close, through its joint venture with Actis, Aela Energia.

Mexico

Mainstream has established a development office in Mexico and is actively pursuing development opportunities there.

Our Projects in Chile
Name	Status	Technology	MW
Cuel	Operational	Wind	33
Aurora	PPA awarded in 2015, nearing financial close	Wind	129
Sarco	PPA awarded in 2015, nearing financial close	Wind	170
7 projects	PPA awarded in August 2016	Wind	986
Santa Marta	In Development	Solar PV	92
Escondido	In Development	Solar PV	250
San Manuel	In Development	Wind	28
Alena	In Development	Wind	44
Estancia	In Development	Solar PV	86
Tata Inti	In Development	Solar PV	75
Pedernales	In Development	Solar PV	140
Azapa	In Development	Solar PV	83

Africa

South Africa

Mainstream has been awarded 848MW of long-term PPAs under the Government’s tendering programme (REIPPPP). The company also has an additional portfolio of high quality wind and solar PV projects advancing through the development process.

Ghana

Ayitepa Wind Farm, 225 MW (Lekela Power, in development)

Senegal

Taiba Ndiaye Wind Farm, 158 MW. OPIC commits $250 million in financing (Lekela Power, in development)

Egypt

Wind

Egypt FIT, 50 MW (Lekela Power, in development)
Gulf de Suez, 250 MW (Lekela Power, in development)

Our Projects in South Africa
Name	Status	Technology	MW
Jeffreys Bay	Operational	Wind	138
De Aar	Operational	Solar PV	50
Droogfontein	Operational	Solar PV	50
Noupoort	Operational	Wind	80
Loeriesfontein	In construction	Wind	140
Khobab	In construction	Wind	140
Perdekraal East	Contract awarded, nearing financial close	Wind	110
Kangnas	Contract awarded, nearing financial close	Wind	140

Asia

Vietnam

In Q3 2016 Mainstream and GE Energy Financial Services signed a term sheet to develop, build and operate large scale wind power plants in Vietnam. The aim of the agreement is to compliment the 1GW initiative that GE and the Ministry of Industry and Trade signed in May 2016 to accelerate large-scale Vietnamese wind project buildout.

The Philippines

Mainstream has established a development office in Manila and is actively pursuing development opportunities in the Philippines.

MEET THE TEAM

The breadth and depth of our in-house expertise makes us unique in the renewable energy industry

James P. McGinnis, CEO Mainstream Renewable Capital

Mr. McGinnis has over 25 years’ investment banking and portfolio management experience in the energy sector globally and held ascending leadership positions at Goldman Sachs and Morgan Stanley for more than 15 years. Since 2005, James has held a number of senior positions in fund and portfolio management, focused on the energy and power sectors, with AIG, Harbinger Capital Partners and Halcyon Asset Management. He is a graduate of Harvard College and Harvard Business School and he was elected a member of the Board of the Center for Climate and Energy Solutions, which he served for nine years. James was appointed to the Board of Directors of Mainstream Renewable Power in January 2017.

Paul Corrigan, Head of Corporate Finance

Paul heads up Mainstream’s corporate finance team responsible for managing Company strategy and the funding of Mainstream’s global activities principally through raising equity and debt amounts at the holding company level working with large international institutions such as Macquarie, Marubeni and Barclays and smaller retail or High Net Worth investors in Ireland and the UK. Paul joined Mainstream in 2008, working previously in IBI Corporate Finance and KPMG, qualifying as an Associate of both the Irish Taxation Institute and the Institute of Chartered Accountants. Paul holds a Master’s degrees in Finance and Economics from the London School of Economics.

Jun Wang, Vice President, International Finance

Jun Wang has more than 18 years of work experience in both traditional and renewable energy. He has worked in the power and utility sectors specialising in project finance, business development, mergers & acquisitions, equity and debt investments. Jun previously worked as senior managers at Sempra Energy, GE Capital, and Essential Power. He began his career at Mainstream in 2011. Jun has a Bachelor of Electrical Engineering from Tsinghua University and a MBA from Vanderbilt University. Jun is also a Chartered Financial Analyst (CFA).

Aoife McMahon, Senior Corporate Finance Executive

Aoife joined Mainstream in 2013 as part of the Group’s Finance team. In this role she was responsible for preparing the Group’s Annual Report, preparing management reporting deliverables and heavily involved in the budget process. In 2015, Aoife transitioned over to Mainstream’s Corporate Finance team. Today she is a key contact for the Company’s corporate debt and equity relationships. She also provides corporate support to local project finance teams. Previously, Aoife spent four years working with PwC where she obtained her ACA qualification. Aoife holds a Bachelor of Commerce from University College Dublin (“UCD”) and a MBA from the UCD Michael Smurfit Graduate Business School.

Barry Carson, Senior Corporate Finance Executive

Barry joined Mainstream in August 2014 as part of the Corporate Finance Team with responsibility for corporate cashflow forecasting and valuation modelling. Barry is a key contact for the company’s debt and equity relationships, he also works closely with the Finance department to develop Mainstream’s corporate business plan and budget. Previously, Barry spent eight years operating his own transport and property business, B&R Carson. Prior to that Barry spent two years with a financial services company, Allied Irish Bank/Bank of New York Trust company. Barry holds a Degree in Scientific Management (Finance) from Trinity College Dublin, a Postgraduate Certificate in Corporate Treasury from Dublin City University and a Masters in Sustainable Energy Finance from Dublin City University.

Adrian Swift, Investment Relations Manager

Adrian joined Mainstream in June 2016 as part of the Corporate Finance Team to manage Mainstream’s relationship with the Impact Investors in Lekela, Mainstream’s pan-African joint venture with Actis. In addition, Adrian manages Mainstream’s relationship with Lekela. This includes managing all aspects of funding requirements, reporting and corporate governance. Adrian has over 20 years’ experience in various finance positions, including working for over six years with KPMG in their Corporate Finance and Financial Services Tax departments advising on Public Private Partnership and corporate restructurings. In addition, Adrian was part of the finance team in Trinergy that refinanced and sold a €1.8bn portfolio of wind energy assets in Italy and Germany. Adrian holds a Degree in Actuarial and Financial Studies from UCD and an MSc in Industrial and Financial Mathematics from DCU. He is a qualified accountant and an Associate of the Irish Taxation Institute.

CONTACT US

We want to hear from you

Our Contact Details

USA
555 Madison Avenue, 5th Floor
NY 10022
Phone: +1 917 472 0640

Ireland
Top Floor, Arena House
Arena Road, Sandyford
Dublin 18, V8P6
Phone: +353 (01) 290 2000

Email: MRCapital@mainstreamrp.com