10 Sep '12, 2pm

Mainstream Secures Loan for Offshore Wind Farms, Expansion Plans

Mainstream will get 40 million euros of the Macquarie mezzanine debt facility initially, with the balance to be paid later subject to conditions, Mainstream said in an e-mailed statement. The Dublin-based company also received 16.8 million euros from unspecified individuals and plans to raise more equity, according to the statement. “We believe Mainstream is uniquely positioned to benefit from the development of the offshore wind sector, which will play an increasingly important part in the generation mix over the next decade,” David Fass, chief executive officer for Europe, the Middle East and Africa at the Sydney-based bank, said in yesterday’s statement. Mainstream submitted an application in July to build a 450- megawatt wind farm off Scotland and is developing two sea-based projects in the U.K. and Germany. The company is about to start work at a 138-megawatt wind far...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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Launching our picture of the day this week, check it out, comments welcome! thanks to @wwwfoecouk

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renewableenergyworld.com 10 Sep '12, 1pm

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