Mainstream Renewable Power has announced the signing of a US$ 1 billion joint venture deal with its local joint venture partner, Andes Energy.
The joint venture company Andes Mainstream SA will see the development
of an initial pipeline of 400MW of wind energy in Chile. The deal
includes the 35MW Laguna Verde wind farm in the Valparaiso region which
is due to be fully operational by 2010. Under the terms of the
agreement, Mainstream will hold a 90% share of the joint venture with
Andes Energy taking a 10% stake.
