Project Finance Brief: Mainstream Renewable to Buy 80% Stake in a 405 MW Solar Portfolio

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July 5, 2021

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Mainstream Renewable Power, an independent developer of utility-scale wind and solar projects, has signed an agreement to acquire 80% shareholding in Technology and Development Joint Stock Company Limited (D&T), developing a 405 MW portfolio of solar projects in the Dak Nong province of central Vietnam. The portfolio of three projects, including in the Vietnam Government’s Power Development Plan 7 (PDP 7), has been in development since 2019 and is expected to reach a financial close in 2022.

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