Dublin-based Mainstream Renewable Power will more likely be sold on from as soon as 2020 rather than go through an initial public offering (IPO), according to the company’s chief executive, Andy Kinsella. Neither Mr Kinsella nor Mr O’Connor, who owns 42 per cent of the company, plans to sell share in the grey market. Mainstream expects its Chilean joint venture with investment firm Actis that’s building 300 megawatts of wind farms to be sold by the end of 2019. Financial constraintsMeanwhile, an African joint venture, Lekela Power, is likely to be sold by the end of this decade by the company and its partners. “People were patient with us, but you can scan the horizon and look at renewable companies who’ve bitten the dust in the last 10 years,” said Mr Kinsella.

Source: The Irish Times September 10, 2018 04:52 UTC