Mainstream switches strategy
Ireland's Mainstream Renewable Power (MRP) is expanding its business unit to focus on delivering bespoke wind and solar projects for large customers globally.
The company says it is responding to "long-term market trends". Its existing business model has been market-led, building large portfolios of wind and solar projects in selected countries.
However, after a strategic review of its business, MRP will focus on delivering projects around the world for large corporations, and will source, develop, build, operate and maintain and sell the assets.
MRP says it will be "customer-led", adding that it will continue to build its portfolios in South Africa and Chile. "It may involve greenfield development or acquiring partially developed projects and bringing them through construction and into commercial operation," says chief operating officer Andy Kinsella.
This new strategic approach means the company is now less focused on building large pipelines in a small number of markets and will concentrate more on meeting customer needs across a wider geographical area.