ContourGlobal


ContourGlobal plc is a power generation business. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

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

Operations

The company generates circa 59% of its power from traditional sources of fuel such as natural gas and coal and circa 41% from renewable sources such as wind, solar and water. It owns and operates 69 power generation plants across 19 countries.