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Mainstream Renewable Power nabs 80% stake of solar project pipeline
International law firm Allens has advised Mainstream Renewable Power on its majority acquisition in a local company seeking to develop a portfolio of solar power projects in Vietnam.
Emma Musgrave
Firm: Allens (Mainstream Renewable Power).
Value: Undisclosed.
Area: Energy and resources, projects.
Key players: The Allens legal team was led by projects and development partner Melissa Keane, with assistance from senior associate Huong Tran and associate Ha Le.
Corporate senior associate Hien Nguyen and associate Linh Nguyen also assisted in elements of the transaction.
Deal significance: According to an Allens’ statement, the acquisition is Mainstream’s first investment in solar power projects in Vietnam, bringing its renewable development pipeline in Vietnam alone to 2.3 gigawatts (11.8 GW gigawatts).
“We cannot be more excited to have supported Mainstream on this solar project collaboration,” added lead partner Ms Keane.
“This transaction reflects the increased foreign interest in acquiring renewable power projects in Vietnam, especially those projects which have already been approved for inclusion in Vietnam’s Power Development Plan.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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