ContourGlobal

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

ContourGlobal plc
TypePublic limited company
LSE: CGO
IndustryPower Generation
Founded2005 (2005)
HeadquartersLondon, England
Key people
Joseph Brandt, President and CEO
Revenue$1,330.2 million (2019)[1]
$292.1 million (2019)[1]
$23.1 million (2019)[1]
Websitewww.contourglobal.com/

History

The 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 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]

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.[4] It owns and operates 69 power generation plants across 19 countries.[4]

References
  1. "Preliminary Results 2019". ContourGlobal. Retrieved 17 March 2020.
  2. "ContourGlobal Plans $1 Billion Power IPO in London". Bloomberg. 29 August 2017. Retrieved 3 March 2018.
  3. "Deal on Vorotan Cascade Was Signed". Lragir. 8 June 2015. Retrieved 3 March 2018.
  4. "ContourGlobal IPO offers income potential". Investors Chronicle. 13 November 2017. Retrieved 3 March 2018.
  5. "ContourGlobal buys Acciona's solar power assets in $1.19 billion deal". Reuters. 27 February 2018. Retrieved 3 March 2018.
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