A.P. Moller Capital, through its Emerging Markets Infrastructure Fund II, has signed an agreement to acquire Mainstream Renewable Power South Africa. Mainstream Renewable Power was established in 2009. It has a portfolio comprising 148 MW of operating and under-construction assets, 351 MW of construction-ready projects, and an approximately 11.6 GW pipeline of solar, wind, and battery storage projects.
Furthermore, the transaction builds on A.P. Moller’s existing investments across Africa and Asia, including projects in South Africa, Cabo Verde, Nigeria, Kenya, Southeast Asia, and India. The transaction remains subject to customary closing conditions and regulatory approvals.