Mainstream Renewable Power and Aker Offshore Wind have struck a deal to merge, aiming to create a ”frontrunner” within offshore wind energy, according to a statement issued Tuesday.

Combined, the two companies will have a project portfolio of 27GW within solar energy, onshore wind as well as floating and bottom-fixed offshore wind projects.

Aker Horizons, which owns Aker Offshore Wind, will hold an ownership stake in Mainstream Renewable Power of around 58.6% after the merger.

The two companies complement each other well in regards to geography and competencies, and the merger furthermore prompts increased scale and improved access to financing, says Mainstream Renewable Power Chief Executive Mary Quaney in the statement.

Mainstream’s offshore business will continue developing its existing project opportunities within offshore wind in markets such as Norway, Sweden, Japan, South Korea, Vietnam, Ireland, UK and US, but new markets will be examined as well.

The merger is expected to be complete in August 2022.

English edit: Kristoffer Grønbæk

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