Latest news with #Mainstream
Yahoo
22-04-2025
- Business
- Yahoo
Mainstream Renewable Power sells 675 MW Colombian portfolio to Celsia
FORNEBU, Norway, April 22, 2025 /PRNewswire/ -- Mainstream Renewable Power ("Mainstream"), the pureplay global wind and solar company majority-owned by Aker Horizons ASA, announced that it has sold its 675 MW portfolio of wind and solar assets under development in Colombia to Celsia, a local energy company, part of the Argos Group. The divestment marks Mainstream's exit from the Colombian market. The assets, which Mainstream has been developing since 2019, comprise three solar projects and two wind projects; the 100 MW Andromeda solar farm, the 175 MW Aries solar farm, the 100 MW Pollux solar farm as well as the 150 MW Neptuno and 150 MW Sirius wind farms. The transaction aligns with the company's updated and more focused strategy, concentrating on developing its pipeline of projects primarily in three core markets where it sees the greatest potential for value creation – South Africa, Australia, and the Philippines – and creating value through strong project execution, a lean cost base and capital efficiency, including capital recycling. For further information, please contact:Jonas Gamre, Investor Relations, tel: +47 97 11 82 92,email: Mats Ektvedt, Media, tel: +47 41 42 33 28,email: About Aker Horizons Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and sustainable industrial assets. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across its portfolio, the company is present on five continents. About Mainstream Renewable Power Mainstream Renewable Power is a leading pure-play renewable energy company with wind and solar assets across Europe, Latin America, Africa, and Asia-Pacific. Mainstream is one of the most successful developers of gigawatt-scale renewables platforms, across onshore wind, offshore wind, and solar power generation. The company has successfully delivered 6.6 GW of wind and solar generation assets to financial close-ready and has a global project portfolio of 22.7 GW. This information was brought to you by Cision View original content:
Yahoo
03-04-2025
- Business
- Yahoo
New funding arrangements for Mainstream finalized
FORNEBU, Norway, April 3, 2025 /PRNewswire/ -- Aker Horizons ASA ("Aker Horizons") has agreed on new funding arrangements for Mainstream Renewable Power ("Mainstream") with DNB ASA ("DNB") and co-shareholder Mitsui & Co., Ltd. ("Mitsui"). The new funding will enable Mainstream to deliver on its updated and more focused strategy, concentrating on developing its pipeline of projects primarily in three core markets where it sees the greatest potential for value creation – South Africa, Australia, and the Philippines – and creating value through strong project execution, a lean cost base and capital efficiency. In 2023, Mainstream secured a corporate facility of up to USD 220 million with DNB, supported by shareholders. Aker Horizons' share of the sponsor commitment is 58.4% of the maximum facility size, equivalent to USD 129 million. This amount will be provided to Mainstream as a shareholder loan, disbursed in phases: USD 75 million will be provided in April 2025, while the remaining USD 53 million will initially be provided through an extended letter of credit facility expected to be converted to shareholder loans in 2025 and 2026. Additionally, new funding for Mainstream has been agreed upon in the form of a shareholder loan facility of up to EUR 64 million provided pro-rata 70% by Aker Horizons and 30% by Mitsui, along with a letter of credit facility with DNB of up to EUR 64 million, also backed pro-rata by Aker Horizons and Mitsui. Both facilities may be drawn until maturity at year-end 2026, with drawdowns contingent on reaching agreed milestones under Mainstream's updated strategy. For further information, please contact:Jonas Gamre, Investor Relations, tel: +47 97 11 82 92,email: Ektvedt, Media, tel: +47 41 42 33 28,email: About Aker Horizons Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and sustainable industrial assets. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across its portfolio, the company is present on five continents. About Mainstream Renewable Power Mainstream Renewable Power is a leading pure-play renewable energy company with wind and solar assets across Europe, Latin America, Africa, and Asia-Pacific. Mainstream is one of the most successful developers of gigawatt-scale renewables platforms, across onshore wind, offshore wind, and solar power generation. The company has successfully delivered 6.6 GW of wind and solar generation assets to financial close-ready and has a global project portfolio of 22.7 GW. This information was brought to you by Cision View original content: Sign in to access your portfolio
Yahoo
30-03-2025
- Entertainment
- Yahoo
Gulfstream Park Results for March 29, 2025
Copyright 2025 Equibase Company. 1ST--1 1/16th Miles Turf 5. Ciao Chuck Miguel Angel Vasquez 17.20/ 8.80/ 5.80 7. Bring Me a Check Edgard J. Zayas 12.40/ 8.00 9. Dear Dad Dylan Davis 6.60 $1 Exacta (5-7) $98.40; $0.10 Superfecta (5-7-9-14) $744.13; $0.50 Trifecta (5-7-9) $372.10. 2ND--7 Furlongs Dirt 2. Unclecharliesgift Dylan Davis 22.00/ 9.80/ 5.40 10. Con Compania (CHI) Irad Ortiz, Jr. 9.20/ 6.00 3. Beastly Speed Luis Saez 3.20 $1 Daily Double (5-2) $95.70; $1 E (2-10) $111.40; $0.10 S (2-10-3-6) $197.66; $0.50 T (2-10-3) $280.20. 3RD--7 1/2 Furlongs Turf 2. Classic of Course Lanfranco Dettori 15.20/ 4.60/ 3.60 9. Forged Steel Irad Ortiz, Jr. 2.80/ 2.40 1. I'm Due Paco Lopez 3.00 $1 DD (2-2) $70.80; $1 E (2-9) $20.20; $0.10 S (2-9-1-7) $41.36; $0.50 T (2-9-1) $39.95. 4TH--1 1/2 Miles Turf 6. Beach Bomb (SAF) Luis Saez 5.20/ 3.00/ 2.10 1. Silvology Dylan Davis 3.80/ 2.60 2. La Mehana (FR) Irad Ortiz, Jr. 2.10 $1 DD (2-6) $22.30; $1 E (6-1) $9.90; $0.10 S (6-1-2-5) $13.00; $0.50 T (6-1-2) $6.90. 5TH--7 Furlongs Dirt 8. Racing Driver Micah J. Husbands 53.80/ 16.80/ 8.40 10. Makes Sense Irad Ortiz, Jr. 6.60/ 4.80 6. Mainstream Luis Saez 3.80 $1 DD (6-8) $84.30; $1 E (8-10) $242.00; S (8-10-6-1) $3,288.66; $0.50 T (8-10-6) $773.45. 6TH--1 1/2 Miles Turf 4. Far Bridge Joel Rosario 3.80/ 2.80/ 2.40 1. Corruption Javier Castellano 7.20/ 5.00 6. Padiddle Leonel Reyes 11.20 $1 DD (8-4) $66.80; $1 E (4-1) $18.70, $0.10 S (4-1-6-8) $144.22; $0.50 T (4-1-6) $107.80. 7TH--1 1/16th Miles Dirt 4. White Abarrio Irad Ortiz, Jr. 2.10/ 2.10/ 2.10 5. Power Squeeze Javier Castellano 4.80/ 3.60 2. Tuscan Sky Dylan Davis 2.60 $1 DD (4-4) $2.20; $1 E (4-5) $4.70, $0.10 S (4-5-2-3) $2.37; $0.50 T (4-5-2) $7.20. 8TH--1 Mile Turf 9. Sherlock's Jewel Irad Ortiz, Jr. 41.20/ 17.40/ 10.60 10. Itsallcomintogetha Luis Saez 7.80/ 6.00 12. Bonus Move Paco Lopez 15.20 $1 DD (4-9) $29.20; $1 E (9-10) $158.80; $0.10 S (9-10-12-11) $1,321.32; $0.50 T (9-10-12) $1,150.40. 9TH--1 1/16th Miles Dirt 4. Five G Manuel Franco 4.60/ 3.60/ 2.40 7. Anna's Promise Luis Saez 6.00/ 3.80 6. Cassiar Dylan Davis 4.20 $1 DD (9-4) $63.70; $1 E (4-7) $14.40; $0.10 S (4-7-6-5) $34.32; 0.50 T (4-7-6) $29.60. 10TH--7 1/2 Furlongs Turf 9. Spirited Boss Javier Castellano 26.40/ 12.80/ 8.20 1. Candy Quest Edwin Gonzalez 9.80/ 6.00 6. Civetta Irad Ortiz, Jr. 3.40 $1 DD (4-9) $49.20; $1 E (9-1) $118.70; S (9-1-6-10) $259.52; $0.50 T (9-1-6) $217.80. 11TH--7 Furlongs Dirt 3. Implementation Manuel Franco 10.80/ 4.40/ 3.00 8. Inveigled Paco Lopez 2.80/ 2.20 1. Howgreatisnate Javier Castellano 4.20 $1 DD (9-3) $71.60; $1 E (3-8) $14.40, $0.10 S (3-8-1-7) $36.74; $0.50 T (3-8-1) $33.25. 12TH--1 1/16th Miles Turf 1. Movin' On Up Edgard J. Zayas 8.20/ 4.40/ 3.00 11. Five Towns (GB) Jorge Ruiz 9.60/ 4.80 6. Breath Away (GB) Dylan Davis 3.40 $1 DD (3-1) $34.20; $1 E (1-11) $39.80, $0.10 S (1-11-6-10) $96.65; $0.50 T (1-11-6) $89.05. 13TH--1 Mile Turf 7. Seminole Chief Dylan Davis 9.40/ 4.80/ 3.60 4. Portofino Paco Lopez 11.20/ 6.60 6. Abrumar Edgard J. Zayas 4.80 $1 DD (1-7) $21.70; $1 E (7-4) $42.40; $0.10 S (7-4-6-9) $74.92; $0.50 T (7-4-6) $124.80. 14TH--1 1/18th Miles 9. Tappan Street Luis Saez 6.80/ 3.40/ 2.60 10. Sovereignty Manuel Franco 2.60/ 2.10 1. Neoequos Edgard J. Zayas 4.20 $1 DD (7-9) $14.90; $1 E (9-10) $7.20; $0.10 S (9-10-1-8) $12.96; $0.50 T (9-10-1) $19.60.
Associated Press
20-03-2025
- Business
- Associated Press
Mainstream Fluid & Air Names Infinitum a Preferred Partner for High-Efficiency Fan Motors
Mainstream Fluid & Air is proud to announce Infinitum as one of its preferred partners for high-efficiency fan motors. 'Infinitum's motor technology aligns perfectly with Mainstream's mission to deliver high-performance, energy-efficient air movement solutions' — Sheldon Markham, Director of Business Development BERKELEY HEIGHTS, NJ, UNITED STATES, March 20, 2025 / / -- Mainstream Fluid & Air is proud to announce Infinitum as one of its preferred partners for high-efficiency fan motors. Infinitum's innovative motor technology is transforming the HVAC industry, offering unparalleled efficiency, energy savings, and a slim, lightweight design that seamlessly integrates into Mainstream's cutting-edge fan solutions. The partnership was prominently showcased at the AHR Expo 2025 in Orlando, where various Mainstream fan models were displayed paired with Infinitum motors. This new solution highlights the synergy between Mainstream's advanced fan array technology and Infinitum's ultra-efficient motors, demonstrating how the two companies are working together to push the boundaries of performance and sustainability in HVAC applications. 'Infinitum's motor technology aligns perfectly with Mainstream's mission to deliver high-performance, energy-efficient air movement solutions,' said Sheldon Markham, Director of Business Development at Mainstream Fluid & Air. 'Their innovative design and superior efficiency help us provide our customers with industry-leading fan systems that reduce energy consumption and operational costs.' Infinitum's motors stand out for their unique PCB stator design, which drastically reduces weight and material usage while increasing efficiency and reliability. Their compact form factor enables seamless integration into Mainstream's IntelliCUBE fan arrays and IntelliWALL plenum fans, creating smarter, more sustainable HVAC solutions. Mainstream and Infinitum are working on future collaborations into new product lines and applications. As the demand for energy-efficient and space-saving HVAC solutions grows, both companies are committed to continuous innovation and delivering best-in-class technology to the market. About Mainstream Fluid & Air Mainstream Fluid & Air is a leading provider of innovative air movement solutions, specializing in high-efficiency fan systems, fan arrays, lab exhaust systems, and custom HVAC solutions. With a commitment to performance, reliability, and energy efficiency, Mainstream partners with top-tier technology providers to deliver superior solutions to the HVAC industry. About Infinitum Infinitum is redefining motor technology with its breakthrough PCB stator motors that deliver unmatched efficiency, reliability, and sustainability. By eliminating the traditional iron core and utilizing a lightweight, modular design, Infinitum motors significantly reduce energy consumption and carbon footprint, making them an ideal choice for modern HVAC and industrial applications. Adam Kwoka +1 908-931-1010 X LinkedIn YouTube Legal Disclaimer:
Yahoo
27-02-2025
- Business
- Yahoo
Mainstream Renewable Power Appoints Morten Henriksen as CEO
FORNEBU, Norway, Feb. 27, 2025 /PRNewswire/ -- The Board of Mainstream Renewable Power ("Mainstream"), the pureplay global wind and solar company majority-owned by Aker Horizons ASA, is pleased to announce the appointment of Morten Henriksen as Group CEO, effective April 1, 2025. Henriksen comes from the position of CEO of Gassnova, the Norwegian state enterprise for carbon capture and storage. His previous experience spans executive management roles in the energy industry in Norway and internationally for companies including Arendals Fossekompani and Statkraft, in addition to multiple board positions. Current CEO Mary Quaney will continue to support Mainstream and the transition in a Senior Advisor capacity before stepping down in the second half of 2025 to pursue other interests. The appointment comes as the Company implements its updated strategy, continuing to deliver significant cost base reduction targets and sharpening its focus on three core growth markets where it sees the greatest potential for value creation – South Africa, Australia, and the Philippines. In order to reduce costs and leverage the resources of its majority shareholder Aker Horizons, Mainstream is relocating its headquarters from Dublin to Oslo in the first half of 2025. This is in line with its plan to reduce its cost base by approximately 65% by 2026, relative to 2023 levels. Mainstream's Chairman, Kristian Røkke, said: "We would like to express our gratitude to Mary for her leadership over the last five years. She has guided Mainstream's global team with focus, resilience and integrity, navigating a period of industry-wide transformation." He continued: "As we enter a new phase, Morten brings extensive experience and deep sector expertise to position Mainstream for growth. His leadership will be instrumental in executing the Company's strategy and driving Mainstream's growth in the global energy market." Commenting on his appointment, Morten Henriksen said: "Mainstream is well positioned for the opportunities ahead. I am very excited about implementing our vision to build a lean and focused renewable energy company, leading in our core markets and creating value through strong project execution, a lean cost base and capital efficiency." For further information, please contact:Jonas Gamre, Investor Relations, tel: +47 97 11 82 92,email: Ektvedt, Media, tel: +47 41 42 33 28,email: About Aker Horizons Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and sustainable industrial assets. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across its portfolio, the company is present on five continents. About Mainstream Renewable Power Mainstream Renewable Power is a leading pure-play renewable energy company with wind and solar assets across Europe, Latin America, Africa, and Asia-Pacific. Mainstream is one of the most successful developers of gigawatt-scale renewables platforms, across onshore wind, offshore wind, and solar power generation. The company has successfully delivered 6.6 GW of wind and solar generation assets to financial close-ready and has a global project portfolio of 22.7 GW. This information was brought to you by Cision View original content:
