Actis, MRP link for 600MW in Chile

MRP CEO Eddie O'Connor

MRP CEO Eddie O'Connor

Investment group Actis has bought into plans by developer Mainstream Renewable Power (MRP) to propel 600MW of wind and solar projects in Chile through to operation by 2016.

The Ireland-based developer and Actis have formed a joint venture company that will buy the MRP-developed projects at the point of financial close. The 600MW represents some $1.4bn of total investments.

Actis – a specialist in emerging market investments – will own 60% of the venture, with MRP holding the remainder.

MRP will manage construction and oversee operation of the projects on behalf of the joint venture, which marks Actis’s first significant investment in Chile.

The investment group has been a significant player elsewhere in Latin America via Globeleq, a Log in to read complete article.

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