Restore the Earth - Power Humanity - Realise Africa's Renewable Energy Potential

Mainstream Renewable Power

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About Mainstream Renewable Power

Founded in February 2008, by Dr Eddie O'Connor and Fintan Whelan, former CEO and Corporate Finance Manager of Airtricity respectively.
Core business is to develop, build and operate wind energy, solar thermal and ocean current plants by partnering with governments, utility companies, developers and investors across South Africa, Europe, North America and South America.
Over 70 highly experienced staff in Toronto, Berlin, Chicago, Dublin, London and Santiago.
Raised €98 million in equity and mezzanine finance, including €20 million from Barclays Capital for a 14.6% stake the company.
Signed a $1 billion joint venture deal to build a 400MW pipeline in Chile.
Signed a CAD$840 joint venture deal in Canada to build over 400MW of wind energy by 2013.
Awarded the exclusive right to develop a £1.1 billion offshore wind farm in Scottish territorial waters, with a potential capacity of 420MW.

Our vision and mission

Our vision is of thriving economies and communities liberated from the restrictions of fossil fuels, using renewable energy as their mainstream source of power.
The world is experiencing a once off historical transition.
It's the transition from fossil fuels to sustainable fuels.
Through the passion and imagination of our people, we work together with partners and communities to deliver a successful business that accelerates global progress towards a sustainable future.

Increasing demand for power.
Long-term power generation shortfalls.
Very positive signals from government to facilitate IPPs and promote clean and diverse forms of power generation.
Significant scale - 10+GWs of potential.

Renewable energy development company operating since 2001.
Our vision: Restoring the Earth. Powering Humanity. Realising Africa's Renewable Energy Potential.
Project development company focused on wind, wave, solar, biomass, so strong strategic fit with Mainstream Renewable Power .
Various wind farm & RE projects with focus on delivering community benefits.
Capable and experienced team with strong project development and implementation focus.
Genesis team has substantial experience in the RE sector - energy strategy, policy development, project development, management & implementation, technology assessments.

Genesis works with local communities and land owners to develop projects based on the needs in the local areas.

Jeffrey's Bay wind farm and pumped storage project - 15 MW wind project that will be scaled up to 30MW in second phase; working with local farmer and DBSA; will provide greater grid stability in the area and much needed additional power.
St Helena Bay wind farm - working with local community and land owners to confirm project potential and develop a 40MW wind farm that will benefit local community.
Maasrust Trust - 50 MW wind farm, working together with local community trust; project will deliver strong benefits to new land owners.
South Cape wind farm - working with local land conservancy organisation to build a 65MW wind farm; maximise the potential in the area and provide long term source of funds for local economic development.

Delivering 500MW by 2014.
Build Pipeline: Identify, secure and develop 30+ high potential sites predominantly in the Western, Eastern and Northern Cape with a view to building 10-15 projects.
Financing of Projects: through a mixture of project debt sourced from local banks and Mainstream's equity.
Local Communities and Landowners: building long term partnerships with local communities and landowners ensuring that they remain involved in all stages of the project and benefit throughout.

Investing in People:

Number of jobs created assuming based on a 50MW project.

Manufacturing Industry:

Assuming appropriate renewable targets, tariffs and regulatory framework are implemented it is envisaged that 58+ % of plant components can be manufactured locally.
Local turbine manufacturing typically results in 3 jobs per MW with an additional 5 jobs per MW coming from supply chain activities.

Wind farm developments provide benefits in support of other economic development activities in the area.

Providing additional income to farming communities - income from rentals provide many of the emerging farmers with welcome additional revenue streams.
Effective structuring - by working with local partners to determine their needs, projects are structured in a way that allows them to access the cash flows in various ways based on these needs.
Enterprise Development support - genesis skills in LED, land reform and enterprise development can be of significant benefit in assisting emerging farmers to develop a range of opportunities and fully realise the value of their land.
Securing buffer zones - areas where there is a concern around the potential for unwanted or inappropriate development can be secured by using wind farms to create a buffer zone.

Average SA commercial/domestic consumption - 3,5 MWh per annum (11 MWh p.a. in the USA!), = a minimum of 7,000 litres of water pa/per household just to keep the lights on.
Alternatively, every 1,000 MWs of wind energy installed (approx. 2,628 GWh p.a.) saves at least 2.6 Billion litres of water each year.
To put this in context: 1 kg of Maize needs approx 900 litres of water (www.waterfootprint.org), meaning that the water saved by having 1,000 MWs of wind installed will allow for an extra 2.89 Million tonnes (2.6 Billion / 900) of Maize each year.
Maize is trading at approx. R1752.00/tonne thus it could be estimated that this extra water allows for an additional R5bn of maize revenues annually in the local economy.