Mainstream Gets Macquarie Loan for Wind Farms, Expansion Plans
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Mainstream Renewable Power Ltd. signed a 60 million-euro ($77 million) loan agreement with Macquarie Group Ltd. as the Irish clean energy company develops offshore wind farms and makes plans to expand overseas.
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.