Mainstream Renewable Power chief executive Mary Quaney said the firm continues 'to see strong opportunities for capital recycling and consistent value creation'. Photograph: Nick BradshawThe chief executive of Dublin-based Mainstream Renewable Power has said the wind and solar power developer sees “strong opportunities” for deals on projects in its portfolio that would allow it to recycle capital. The comments came as Mainstream’s Norwegian parent, Aker Horizons, revealed that the Irish unit’s pretax profit narrowed in the first half of this year. “As we move forward, we continue to see strong opportunities for capital recycling and consistent value creation,” said Mainstream chief executive Mary Quaney on a call Oslo-listed Aker Horizons hosted for analysts on Tuesday morning. Aker Horizon’s 58 per cent stake in Mainstream accounts for more than two-thirds of the group’s assets.

Source: The Irish Times July 17, 2024 16:55 UTC