Friday, April 11, 2008

Renewable Energy Corporation ASA Makes a $40M Investment in Mainstream Energy Corp

SAN LUIS OBISPO, CA, - Mainstream Energy Corporation (MSE), a renewable energy company headquartered in San Luis Obispo, California, announced today it completed an equity transaction worth $40 million with Oslo, Norway- based Renewable Energy Corporation ASA, the world's largest producer of silicon materials for photovoltaic (PV) applications and multicrystalline wafers. As a result of the transaction Renewable Energy Corporation will have a 20% shareholding in MSE. Link.