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Mitsui & Co. has closed a transaction to acquire a 27.5% equity stake in Mainstream Renewable Power for EUR 575 million, becoming a strategic partner alongside Aker Horizons.
Mainstream Renewable Power provided a £5 million loan to enable construction of a new offshore wind turbine tower manufacturing plant at the Port of Nigg, Scotland. The facility is expected to start construction in January 2022 and produce first towers in 2023.