finance
A.P. Moller Capital to Acquire Mainstream Renewable Power South Africa
A.P. Moller Capital signed an agreement to acquire all of Mainstream Renewable Power South Africa. The target holds operating assets, projects ready for construction, and a large development pipeline in solar, wind and battery storage.
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P. Moller Capital signed an agreement to acquire 100 percent of Mainstream Renewable Power South Africa through its Emerging Markets Infrastructure Fund II. The deal covers an established renewable energy developer and independent power producer that began operations in 2009. 6 GW development pipeline focused on solar, wind and battery storage.
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Moller Capital's existing investments in energy transition infrastructure across Africa. Earlier holdings include Lumika Renewables in South Africa and other energy assets in Cabo Verde, West Africa and Nigeria. Mainstream South Africa will continue under its current management team as part of the transaction.
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