Global renewable energy developer Mainstream Renewable Power has signed a US$117.5 million equity investment from development finance institution International Finance Corporation (IFC); IFC Asset Management Company (IFC AMC), a wholly-owned subsidiary of IFC; Ascension Investment Management, an asset manager for faith-based organizations; and South Africa-based financial services group Sanlam. IFC AMC structured its commitment through IFC African Latin American and Caribbean Fund and IFC Catalyst Fund. The deal, which is subject to shareholder approval, provides equity funding for South Africa-based development platform Lekela Power to build windfarms in South Africa, Egypt, Senegal and Ghana.