Singapore

Singapore

Mainstream targets Asia with new appointment

Mainstream Renewable Power has named Raghuram Natarajan as its new CEO for its Asia-Pacific business, where the developer is focusing much more of its activity.

Raghuram Natarajan -- known as Ram -- takes over as Mainstream's APAC CEO
Raghuram Natarajan -- known as Ram -- takes over as Mainstream's APAC CEO

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Natarajan joins Mainstream from Germany-based developer Juwi, where he filled a similar role. He will be based out of the company’s new office in Singapore.

Mainstream’s chief executive, Andy Kinsella, said the appointment was to support its "ambitious expansion plans" for the Asia-Pacific region.

Currently the company is developing an 800MW offshore wind project plus other onshore wind and solar sites in Vietnam. It also has a 120MW portfolio of potential wind sites in the Philippines.

"We… are evaluating a number of exciting opportunities across a range of new markets in the APAC region," Kinsella added.

To date, the firm has been more active in Latin America and Africa.

However, Mainstream said it had "the freedom to pursue large-scale development opportunities globally" after a "transformative year" in 2018 achieving a record profit of €487.5 million.

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