ContourGlobal has completed more than $713 million in refinancing and capital-raising transactions across Armenia, Austria, the United States and at the corporate level to optimise its financing structure and support its renewable and storage growth, the company said on Monday.
The transactions form part of over $2.6 billion in financings agreed by the company in the past 12 months, including refinancings, guarantees, revolving credit facilities and green bonds.
“These transactions represent an important milestone in our global growth strategy,” ContourGlobal Chief Financial Officer Laurent Hullo said. He added: “By simplifying our financing structure and deepening relationships with leading financial institutions, we are laying the groundwork for continued investment in high-impact renewable projects. Our focus remains on building resilience and ensuring we have the flexibility to support the energy transition across the markets where we operate.”
The programme includes $125 million in guarantee facilities signed with insurers such as Markel and Allianz. In Armenia, ContourGlobal completed a $135 million refinancing of the 404 MW Vorotan Hydro Cascade with Ardshinbank CJSC. Vorotan accounts for about 10% of Armenia’s annual electricity generation and roughly 12% of the country’s installed capacity. The refinancing provides fresh capital for operational expansion and future growth and was marked by an event attended by Armenia’s minister of economy, the central bank governor, and the US ambassador.
In Austria, the company signed a €95 million ($111 million) portfolio refinancing covering four of its seven operating wind farms. The refinancing consolidates five individual financings into a single structure, improving reporting, risk management and cash flow. The Austrian wind portfolio totals 162 MW across seven sites and produces about 400 GWh annually. UniCredit Austria and Raiffeisenlandesbank NÖ-Wien led the deal, which provides flexibility for future repowering and greenfield development.
At the corporate level, ContourGlobal secured a new €100 million ($116 million) four-year letter-of-credit facility with BBVA to support renewable expansion and ongoing corporate needs.
The financing round follows the company’s recently announced US tax-equity investment and project financing for the 324 MWp Black Hollow Sun solar project, valued at over $350 million. The first 185 MWp phase of the project is already operational and, once completed, will be the largest photovoltaic plant in northern Colorado, producing nearly 608 GWh annually.
ContourGlobal said the series of financings reflects its disciplined approach to developing and funding its transition into a predominantly renewable independent power producer.
