Mainstream to shell out €670m


Dublin-based energy development company Mainstream Renewable Power is investing €670m in developing three large-scale wind farms in South Africa.

A consortium led by Mainstream was awarded the contracts for the farms by the Department of Energy in South Africa in October 2013.

Construction on the farms is expected to begin this month.

Chief executive Eddie O'Connor founded Mainstream in 2008 after selling Airtricity for €1.1bn to SSE.