The late Eddie O'Connor, who set up Mainstream Renewable in 2008. [ Mainstream Renewable losses narrow to €325m on lower Chile chargesOpens in new window ]It wasn’t just Chile. Mainstream wasn’t helped by Aker Horizons shoving its existing risky offshore assets into the company in 2022. Røkke once envisioned Aker Horizons spinning off Mainstream through a stand-alone IPO in time, to unlock more value for his empire. Aker Horizons itself now faces near-certain liquidation, stripped of its business activities and down to the equivalent of less than €2 million in cash.
