A.P. Moller Capital has announced that A.P. Moller Capital – Emerging Markets Infrastructure Fund II (EMIF II) through a special purpose vehicle has signed an agreement to acquire Mainstream Renewable Power South Africa, a large renewable energy developer and independent power producer in South Africa.
Established in 2009, Mainstream South Africa is one of the country’s most established renewable energy platforms, with a proven track record of developing, constructing and operating utility-scale renewable energy projects. The business currently comprises 148 megawatts of operating and in-construction assets, 351 megawatts of construction-ready projects, and a development pipeline of approximately 11.6 gigawatts spanning solar, wind and battery storage opportunities.
The acquisition builds on A.P. Moller Capital’s experience investing in and growing energy businesses across Africa, and South and Southeast Asia, including: Lumika Renewables in South Africa, Cabeól
