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.
 | |
Company type | Public limited company |
|---|---|
| LSE: GLO | |
| Industry | Power generation |
| Founded | 2005 |
| Headquarters | London, England |
Key people | Antonio Cammisecra, President and CEO |
| Revenue |  $2,151.9 million (2021)[1] |
| $370.1 million (2021)[1] | |
| $79.7 million (2021)[1] | |
| Parent | KKR |
| Website | www |
History
editThe 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
editAs of October 2024, the company managed 5.6 GW of installed power generation capacity within 18 countries.[13]
References
edit- 1 2 3 "Preliminary Results 2021". ContourGlobal. Retrieved 18 March 2022.
- ↑ "ContourGlobal Plans $1 Billion Power IPO in London". Bloomberg News. 29 August 2017. Retrieved 3 March 2018.
- ↑ "Deal on Vorotan Cascade Was Signed". Lragir. 8 June 2015. Retrieved 3 March 2018.
- ↑ "ContourGlobal IPO offers income potential". Investors Chronicle. 13 November 2017. Retrieved 3 March 2018.
- ↑ "ContourGlobal buys Acciona's solar power assets in $1.19 billion deal". Reuters. 27 February 2018. Retrieved 3 March 2018.
- ↑ "ContourGlobal fizzes higher after agreeing to be taken private". Proactive Investors. 17 May 2022. Retrieved 19 May 2022.
- ↑ "Court sanction of scheme of arrangement". Investegate. 16 December 2022. Retrieved 17 December 2022.
- ↑ "ContourGlobal appoints ex-Enel Green Power boss as CEO". Renewables Now. 5 February 2024. Retrieved 13 April 2026.
- ↑ "Contour Global Allocates $657M From $1.1B Green Bond to Renewables, Storage". ESG News. 12 February 2026. Retrieved 13 April 2026.
- ↑ "Chile Focuses on Solar and Storage as Generation Capacity Expands". Power Magazine. 1 July 2025. Retrieved 13 April 2026.
- ↑ "ContourGlobal unveils 185-MWp solar farm in Colorado". Renewables Now. 4 September 2025. Retrieved 13 April 2026.
- ↑ "ContourGlobal cuts ribbon on 202-MW battery at Bulgarian thermal site". Renewables Now. 9 January 2026. Retrieved 13 April 2026.
- ↑ "North America Solar PV News Snippets: Google Enters 12-Year Solar PPA & More". Taiyang News. 10 October 2024. Retrieved 13 April 2026.