ContourGlobal

ContourGlobal
Company type
Public limited company
LSE: GLO
IndustryPower generation
Founded2005; 21 years ago (2005)
HeadquartersLondon, England
Key people
Antonio Cammisecra, President and CEO
RevenueIncrease $2,151.9 million (2021)[1]
Increase $370.1 million (2021)[1]
Increase $79.7 million (2021)[1]
ParentKKR
Websitewww.contourglobal.com

ContourGlobal Limited is a British power generation business. It was listed on the London Stock Exchange until it was acquired by KKR in December 2022.

History

The company was established by Joseph Brandt with financial support from Reservoir Capital Group in 2005.[2] In June 2015 it purchased the Vorotan Cascade in Armenia for US$180 million.[3] ContourGlobal was the subject of an initial public offering on the London Stock Exchange which raised net proceeds of £281 million in November 2017.[4] It then agreed to acquire Acciona's solar power plants for US$1.19 billion in February 2018.[5]

In May 2022, the board accepted an offer from KKR which valued the company at £1.75 billion.[6] It was announced on 16 December 2022 that the court had approved the takeover, allowing the transaction to be completed.[7]

Following the takeover, the company appointed Antonio Cammisecra as its CEO in February 2024.[8]

In February 2025, the company issued $1.1 billion in green bonds, 60% of the proceeds of which were allocated to renewable energy projects and power storage.[9]

The company opened a 221MW solar power plant plant in Chile in July 2025,[10] a 185MW solar power plant plant in Colorado, US in September 2025,[11] and a 202MW battery energy storage system in Bulgaria in January 2026.[12]

Operations

As of October 2024, the company managed 5.6 GW of installed power generation capacity within 18 countries.[13]

References

  1. ^ a b c "Preliminary Results 2021". ContourGlobal. Retrieved 18 March 2022.
  2. ^ "ContourGlobal Plans $1 Billion Power IPO in London". Bloomberg News. 29 August 2017. Retrieved 3 March 2018.
  3. ^ "Deal on Vorotan Cascade Was Signed". Lragir. 8 June 2015. Retrieved 3 March 2018.
  4. ^ "ContourGlobal IPO offers income potential". Investors Chronicle. 13 November 2017. Retrieved 3 March 2018.
  5. ^ "ContourGlobal buys Acciona's solar power assets in $1.19 billion deal". Reuters. 27 February 2018. Retrieved 3 March 2018.
  6. ^ "ContourGlobal fizzes higher after agreeing to be taken private". Proactive Investors. 17 May 2022. Retrieved 19 May 2022.
  7. ^ "Court sanction of scheme of arrangement". Investegate. 16 December 2022. Retrieved 17 December 2022.
  8. ^ "ContourGlobal appoints ex-Enel Green Power boss as CEO". Renewables Now. 5 February 2024. Retrieved 13 April 2026.
  9. ^ "Contour Global Allocates $657M From $1.1B Green Bond to Renewables, Storage". ESG News. 12 February 2026. Retrieved 13 April 2026.
  10. ^ "Chile Focuses on Solar and Storage as Generation Capacity Expands". Power Magazine. 1 July 2025. Retrieved 13 April 2026.
  11. ^ "ContourGlobal unveils 185-MWp solar farm in Colorado". Renewables Now. 4 September 2025. Retrieved 13 April 2026.
  12. ^ "ContourGlobal cuts ribbon on 202-MW battery at Bulgarian thermal site". Renewables Now. 9 January 2026. Retrieved 13 April 2026.
  13. ^ "North America Solar PV News Snippets: Google Enters 12-Year Solar PPA & More". Taiyang News. 10 October 2024. Retrieved 13 April 2026.

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