Mainstream and Aker Offshore Wind to merge to create 27 GW portfolio

Renewable energy in Cambodia

Mainstream Renewable Power and Aker Offshore Wind announced their merger to create a renewable energy company with a 27 GW portfolio across solar, onshore wind and bottom-fixed and floating offshore wind projects.

Aker Horizons entered into an agreement with Aker Mainstream Renewables, a holding company co-owned by Aker Horizons, Mitsui and Irish minority shareholders, to integrate Aker Offshore Wind into the Mainstream group. On completion of the transaction, Aker Horizons’ stake in Mainstream will be approximately 58.6 percent.

“The strong industrial logic for combining Aker Offshore Wind and Mainstream includes complementary footprint and capabilities, increased scale, and improved access to financing,” said Mary Quaney, Chief Executive Officer of Mainstream.

Tove Roskaft has been appointed Head of Offshore Wind at Mainstream, reporting to Mary Quaney. During her 25-year career at the Aker group, Roskaft has held leadership positions across offshore products and operations as well as corporate management, most recently as Chief Operating Officer of Aker Offshore Wind.

Mainstream’s offshore business will continue to develop existing project opportunities for fixed and floating wind in markets such as Norway, Sweden, Japan, South Korea, Vietnam, Ireland, the UK and the US, while exploring opportunities in new markets.