Eddie O'Connor to make initial €550m from sale of Mainstream Power

Norwegian renewable investment company Aker Horizons has agreed to buy 75% of Irish energy firm, which was founded by former Airtricity and Bord na Móna boss

Eddie O'Connor's Mainstream Renewable Power is set to be taken over by Norwegian investment firm Aker.

Former Airtricity and Bord na Móna boss Eddie O’Connor is set to make an estimated initial €550m from the sale of his Irish energy company Mainstream Renewable Power.

Norwegian renewable investment company Aker Horizons has agreed to buy 75% of Mainstream in a deal valuing the Irish company at €1bn.