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Aker ASA: Successful placement of new unsecured bonds

Aker ASA: Aker Horizons Acquires Mainstream Renewable Power to Create a Renewable Energy Major

Share this article OSLO, Norway, Jan. 19, 2021 /PRNewswire/ Aker ASA ( Aker ) today announced that its wholly owned subsidiary, Aker Horizons AS ( Aker Horizons ), has agreed to acquire 75 percent of Mainstream Renewable Power ( Mainstream ), a leading independent renewable energy company within onshore and offshore wind and solar (the Transaction ). The Transaction values the current equity of Mainstream at EUR 900 million on a 100 percent basis and gives Aker Horizons a portfolio of projects in operation and under construction of about 1.4 GW, a project development pipeline of about 10 GW and a further 10 GW of identified project opportunities. Aker made a step change in the last year, taking a position within renewable energy production, green technologies, digitalization and other mega trends that have seen accelerating flow of resources and capital, not just in Aker, but in global markets. Combining Mainstream s global organization and renewable assets with Aker s 180-y

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