Mainstream Renewable Power, an Irish-based wind and solar company that operates worldwide, has secured €90 million to fund the expansion of large-scale renewable energy assets across Latin America, Africa, and Asia.

The increased funding will be used to help build renewable energy facilities and expand Mainstream’s network in its existing markets, such as the one gigawatt (roughly equivalent to two fully operational coal-fired power plants enough to provide power to around 750,000 homes), Nazca Renovables platform in Chile as well as extending into new areas.

The company has over 16 gigawatts worth of power facilities across its entire network, from Nazca Renovables to 410 megawatts worth of facilities under construction in Senegal and Egypt as part of a collaborative project with Lekela Power.

Mary Quaney, Mainstream’s Chief Executive Officer, said, “Today’s announcement of an additional €90 million of funding means that Mainstream can accelerate its role in tackling climate change across the globe.

“This funding will help us deliver on the major project milestones we’ve announced in recent months, across South Africa, Vietnam and Chile, and strengthen our global growth trajectory as we continue to expand our presence in existing markets as well as enter new markets in the months ahead.”

The company has also been contracted for facilities with a combined production capacity of 1.2 gigawatts of wind and solar facilities in South Africa as of October of this year.

They are also extending into the Pacific region, with one of South-East Asia’s largest renewable energy developments in Vietnam’s Soc Trang offshore wind facility producing around a gigawatt of power, as well as recently beginning development on a new 1.4 GW wind farm in collaboration with the Phu Cuong Group.