Aker Horizons Says Aker Offshore Wind Unit, Mainstream Renewable Power Agree to Merge
July 12 2022 - 3:40AM
Dow Jones News
By Dominic Chopping
Aker Horizons AS, a Norwegian investor in renewable energy and
other emissions-reducing technologies, said Tuesday that its Aker
Offshore Wind subsidiary and portfolio company Mainstream Renewable
Power have agreed to merge.
The deal will create an enlarged renewable company with a 27
gigawatt portfolio across solar, onshore-wind and bottom-fixed and
floating offshore-wind projects, it said.
Mainstream is a renewable-energy company with wind and solar
assets across global markets. It is co-owned by Aker Horizons,
Mitsui & Co. and Irish minority shareholders.
"The consolidation of Aker Horizons' interests in renewable
energy will accelerate Mainstream's transformation into a global
renewable-energy major with leading floating and fixed
offshore-wind capabilities," said Kristian Rokke, Chief Executive
of Aker Horizons and Chairman of Mainstream.
As part of the deal, Tove Roskaft has been appointed head of
offshore wind at Mainstream. Ms. Roskaft has held a range of
executive leadership positions during her 25-year career at the
Aker group, across offshore products and operations as well as
corporate management, most recently as chief operating officer of
Aker Offshore Wind.
The transaction is expected to close in August 2022.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
July 12, 2022 03:25 ET (07:25 GMT)
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