Mainstream secures €60m funding

Irish-founded wind and solar company Mainstream Renewable Power has assembled a €60m warchest, much of which will come from the National Pensions Reserve Fund.

Mainstream has successfully closed a four-year €60m corporate debt facility organised through BlueBay Ireland Corporate Credit and financial services firm Cantor Fitzgerald.

The National Pensions Reserve Fund, through BlueBay, will provide a substantial part of the funding while a number of “Irish high net-worth individuals and institutions” are also to invest through Cantor Fitzgerald.