Mary Quaney, CEO of Mainstream Renewable Power
Mainstream targets energy major status by 2030
New ownership positions renewables project developer for transition to long-term asset owner and operator
Ireland-based Mainstream Renewable Power plans to scale up its portfolio of assets “very quickly” as it aims to transition from project developer to global renewable energy major by the end of the decade, group CEO Mary Quaney tells Transition Economist. The growth strategy comes after Mainstream, which was formed in 2008, completed a change of ownership last year that gave Norway’s Aker Horizons a 75pc share, with Japan’s Mitsui also coming in as a strategic investor alongside Aker earlier this year. “The ambition to grow the portfolio of assets that we have today is very significant,” Quaney says. “But we have the track record to do it. And now with our shareholders, Aker Horizons and Mit
Also in this section
19 December 2024
The utility-scale battery energy storage system market is evolving rapidly, with diverse offtake models emerging to offer bespoke, flexible contracting solutions
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
