Mainstream Renewable Power has put one of its subsidiaries into liquidation as it pushes ahead with judicial reorganisation proceedings. The move comes despite opposition from one of the financiers of its Chilean business, Ares Management, a $295 billion alternative investment manager. Mainstream Renewable Power Group Lending Ltd, a company used by Mainstream to provide funding to its Chilean entities, was put into liquidation on Wednesday by its parent company. A statutory meeting of the subsidiary’s creditors took place on August 30 in Dublin with accountant Stephen Scott of Evelyn Partners being appointed as liquidator. “This action follows the judicial reorganisation…

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