AI assistant
Aker Horizons — Capital/Financing Update 2022
Feb 4, 2022
3530_rns_2022-02-04_ecabebda-6419-4389-9403-81f3edd0646f.html
Capital/Financing Update
Open in viewerOpens in your device viewer
Mainstream Renewable Power Successfully Realizes Investment in Chilean Power Producer Aela Energía
Mainstream Renewable Power Successfully Realizes Investment in Chilean Power Producer Aela Energía
Mainstream Renewable Power ("Mainstream"), the global wind and solar company,
and Actis, a leading global investor in sustainable infrastructure, have sold
Aela Energía ("Aela") to the Canadian-listed developer Innergex Renewable Energy
for USD 691 million.
Aela has grown to become Chile's largest independent power producer of renewable
energy, since it was established in 2013 as part of a joint venture between
Actis (60 percent) and Mainstream (40 percent). The planned exit reflects the
successful culmination of Actis and Mainstream's strategy for Aela. The
divestment will generate net proceeds after tax to Mainstream of approximately
USD 114 million.
Aela produces 332 MW of clean energy from three newly built onshore wind farms,
and the power is sold via two power purchase agreements with 25 Chilean
distribution companies. The clean energy Aela provides powers more than 500,000
homes, avoiding 354 tonnes of CO\2 \emissions annually.
Mainstream is one of Chile's largest renewable energy companies and is currently
building out multi-gigawatt renewable energy platforms in the region, including
the flagship 1.4 GW Andes Renovables hybrid wind and solar portfolio in Chile.
For further details, please see today's announcement by Mainstream
on: https://www.mainstreamrp.com/insights/actis-and-mainstream-realise
-investment-in-chile-s-largest-renewable-energy-ipp-aela-energia/
For further information, please contact:
Ivar Simensen, Communications, Tel: +47 46 40 23 17,
Christian Yggeseth, Investor Relations, Tel: +47 915 10 000,
Emmet Curley, Head of Communications & Positioning, Tel P: +353 86 2411
690, [email protected]
About Mainstream
Mainstream Renewable Power is a leading pure-play renewable energy company with
a global footprint. The company is focused on expanding its high-quality
pipeline of more than 16 Gigawatts (GW) of wind and solar assets across Latin
America, Africa, Asia Pacific as well as the global offshore wind sector. In
2021, Aker Horizons acquired a 75 percent equity stake in the company, enabling
Mainstream to accelerate its global expansion
plan. www.mainstreamrp.com (https://nam12.safelinks.protection.outlook.com/?url=
http%3A%2F%2Fwww.mainstreamrp.com%2F&data=04%7C01%7Cstefano.berra%40iongroup.com%
7C290a08077fd6482801da08d95d95ccd1%7C768fe7d4ebee41a79851d5825ecdd396%7C0%7C0%7C6
37643720242456303%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJ
BTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=Ijtt3Q%2BoxAz7jW4vl98jl88Qgx%2BhH2ACfIl6
wQ5piDQ%3D&reserved=0)
About Aker Horizons
Aker Horizons ASA is a planet-positive investment company dedicated to
developing companies within renewable energy and technologies that reduce
emissions or promote sustainable living. The company is listed on the Oslo Stock
Exchange and majority-owned by Aker ASA. Aker Horizons' investment portfolio
includes stakes in Aker Carbon Capture, Aker Clean Hydrogen, Aker Offshore Wind
and Mainstream Renewable Power. www.akerhorizons.com