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We have assisted Mitsui with investing 5.5 billion NOK in Aker’s Mainstream Renewable

We are proud that we, together with Herbert Smith Freehills LLP, have assisted the Japanese trading house Mitsui in its agreement to invest EUR 575 million, for a 27.5% stake in Aker Mainstream Renewable AS. The company is controlled by Aker Horizons with 54.4%.

All three companies stated the following, in a joint press release:

-Mitsui's investment and global business network will help Mainstream to speed expansion of its portfolio of wind and solar energy in the Americas, Africa, Asia-Pacific and Europe.

Mainstream will also expand in battery storage, power trading, green ammonia and green hydrogen production. Aker Horizons CEO and Mainstream Chairman, Kristian Røkke, adds:

-Mitsui is the perfect partner for Mainstream to accelerate the company's growth to become a renewable energy major.

We congratulate all parties involved. Our core team consisted of Per Dagslet, Henrik Braavold Johansen, Lisa Marie Holmen, Martin Gunnheim and Asgeir Lehmann.