Mainstream Renewable Energy Company Hires Rothschild to Seek Investor

Mainstream Renewable Power has hired Rothschild & Co. to find an investor for its South African renewable energy projects, people familiar with the matter said.

The Japanese group backed by Mitsui & Co., with about 12 gigawatts of solar and wind projects under development in the continent’s most industrialized nation, is seeking a joint venture partner for its South African business, said the people, who asked not to be identified because the information is still private. The size of the stake has not yet been determined, one of the people said.

Photovoltaic panels in Frankfurt, South Africa.

Photographer: Michele Spatari/Bloomberg

“Mainstream does not comment on speculation…