MRP to set up capital-raising arm

Mainstream CEO Eddie O'Connor

Mainstream CEO Eddie O'Connor

Irish developer Mainstream Renewable Power (MRP) hopes to tap billions of euros of cheaper financing for its projects from pension funds and insurance companies through the launch of a new unit called Mainstream Capital.

Mainstream – one of the world’s most ambitious developers – said the capital-raising platform will woo investors seeking to benefit from “government-backed, long-term cash flows”.

Announcing the launch of Mainstream Capital in Dublin today, MRP CEO Eddie O’Connor said the company now had the scale and track record needed to make the move.

“We have built a credible business. When you get this big, there is an exercise in corporate branding in the sense that people know that we know what we’re doing. We have a great track record and our projects allow pension funds and insurance companies to Log in to read complete article.

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