Actis, Mainstream Team Up On $1.4B Chile Renewables Project

Law360, New York (June 7, 2013, 2:02 PM EDT) -- London private equity house Actis LLP and Mainstream Renewable Power Ltd. will team up to develop $1.4 billion in wind and solar projects in Chile, the companies said Friday, a move meant to help insulate the country's mining industry from electricity shortages.

Actis agreed to pony up $240 million for a 60 percent stake in developer Aela Energia, an effort set to become Chile's biggest wind- and solar-power provider. Ireland's Mainstream, which has built up wind and solar projects around the world, will grab the remaining...
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