Renewables Firm Mainstream Hires Rothschild to Seek Investor

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

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

Photovoltaic panels in Frankfort, South Africa.

Photographer: Michele Spatari/Bloomberg

“Mainstream does not comment on speculations ...