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Mainstream Renewable Power, the company headed by Eddie O'Connor,
has raised €40m from Irish investors and institutions
according to the Irish Independent.
The company, a global renewable energy developer, raised
the money through 3-year loan notes.
The deal, put together by Dolmen Stockbrokers, was expected
to formally close last week and makes it the biggest private
fundraising venture in 2011.
The company is also finalising an equity fundraising through
NCB Stockbrokers which involves Irish individuals investing
€13m.
Mainstream
Renewable Power also expects to receive further investment
from big institutions, which, together with its fundraising
efforts, should bring an additional €100m to the business.
The company is raising money to continue its international
expansion.
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