Mainstream Renewable Power

Constructs and operates wind and solar PV projects in high-growth emerging markets.

Launch date

Jan 2008

Employees

Market cap

Net debt

-

Enterprise valuation

$2.3b (Public information from Mar 2022)

Sandyford County Dublin (HQ)

http://mainstreamrp.com

https://twitter.com/mainstreamrp https://www.linkedin.com/company/mainstream-renewable-power/mainstream_renewablepower

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Revenues, earnings & profits over time

EUR	2015	2016	2017	2018	2019
Revenues	27.9m	30.0m	18.5m	632m	70.7m
% growth	-	8 %	(38 %)	3308 %	(89 %)
EBITDA	(6.4m)	(12.5m)	(11.3m)	513m	41.9m
% EBITDA margin	(23 %)	(42 %)	(61 %)	81 %	59 %
Profit	96.0m	(22.1m)	(5.5m)	487m	19.0m
% profit margin	344 %	(74 %)	(30 %)	77 %	27 %
R&D budget	-	10.0m	20.0m	500m	70.0m
R&D % of revenue	-	33 %	108 %	79 %	99 %

Source: Dealroom estimates

Date	Investors	Amount	Round
Aug 2008	Barclays	€20.0m	Growth Equity non VC
Aug 2013	Marubeni	€100m	Growth Equity non VC
Jun 2018*	N/A	N/A	Growth Equity non VC
Jan 2019	HSBC DNB	$90.0m	Debt
Oct 2019*	ABN AMRO ABN AMRO Bank N.V.	€110m	Debt
Sep 2020*	DNB DAYONE CAIXABANK IDB Invest MUFG Innovation Partners KfW IPEX Bank	$620m	Debt
Jan 2021*	Aker Horizons	€675m Valuation: €900m	Acquisition
Nov 2021*	Aker Horizons	€90.0m Valuation: €900m	Growth Equity non VC
Mar 2022*	Mitsui Global Investment	€575m Valuation: €2.1b	Growth Equity non VC
Jul 2022*	Aker Offshore Wind	N/A	Merger
Total Funding		-

Tech stackLearn more about the technologies and tools that this company uses.

Aker Offshore Wind