ContourGlobal Inks Contracts To Buy 201 MW Of Renewable Projects

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New York-based ContourGlobal and affiliates of Austria's Raiffeisen Banking Group have signed agreements for ContourGlobal to purchase approximately 201 MW of renewable energy operating plants in Austria, Slovakia and the Czech Republic for an undisclosed sum.

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. An agreement covering 103 MW was signed and closed on Oct. 15 with Renergie, an affiliate of Raiffeisen-Holding, and a deal covering an additional 98 MW was signed on Oct. 22 with REE, an affiliate of Raiffeisen-Leasing, and is expected to close before year-end.

ContourGlobal says the acquisition expands its growing portfolio of renewable energy assets, complementing its nearly 1.4 GW portfolio of renewable energy businesses in South America, Europe and Africa.

‘We have acquired well-maintained and -operated wind farms and solar plants," comments Karl Schnadt, executive vice president and chief operating office for ContourGlobal. "With the integration of both portfolios we will have further opportunities to increase the growth and efficiency of our business.’

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