Irish wind power firm announces €850m deal

MAINSTREAM Renewable Energy — the Irish wind power company headed by former Airtricity boss, Eddie O’Connor — has signed its second multi-million euro energy development deal in as many weeks.

Irish wind power firm announces  €850m deal

The Dublin-headquartered company, which is only a year old, yesterday announced an €850 million joint venture with South African company, Genesis Eco-Energy, which aims to build a pipeline of more than 500 megawatts of wind energy off the coast of South Africa by 2014. Construction on the first phase of the project is due to begin next year.

Just last week, Mainstream completed a €509m joint venture deal in Canada, with the Alberta Wind Energy Corporation, which is looking to develop 400 megawatts of power in Canada over the next four years.

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