Mainstream Renewable Power and Actis $1.9 billion joint venture

Overview:

• British private equity firm Actis has undertaken $1.9 billion joint venture with energy developer Mainstream Renewable Power, known as Lekela Power. 
• Lekela power will produce between 700 and 900MW of power, in wind and solar projects in South Africa, Ghana and Egypt. 
• Three wind projects in South Africa are projected to generate a combined 360MW. In Ghana, the Ayitepa wind project will generate 225MW, and the Egyptian wind and solar plants will produce another 100MW.

John Crabb - Journalist