ContourGlobal Acquiring 201 MW Of Renewables In Central Europe

Posted by SI Staff on October 27, 2014 No Comments
Categories : Projects & Contracts

New York-based ContourGlobal has agreed to acquire approximately 201 MW of renewable energy operating plants in Austria, Slovakia and the Czech Republic from affiliates of the Austria-based Raiffeisen Banking Group.

The portfolios acquired include eight operating wind farms in Austria totaling 161 MW and operating solar sites in the Czech Republic and Slovakia totaling 40 MW. ContourGlobal closed 103 MW with Renergie on Oct. 15. A deal for an additional 98 MW has been signed and is expected to close with Raiffeisen Energy & Environment GmbH before the end of the year.

‘We are thrilled to execute this significant transaction, adding to our growing renewable portfolio and continuing our nearly decade-long investment in the Central and East European power space,’ says Joseph C. Brandt, ContourGlobal's president and CEO.

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