ContourGlobal

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ContourGlobal plc
TypePublic limited company
  • LSE: GLO
  • FTSE 250 component
IndustryPower Generation
Founded2005; 17 years ago (2005)
HeadquartersLondon, England
Key people
Joseph Brandt, President and CEO
RevenueIncrease $1,410.7 million (2020)[1]
Increase $307.9 million (2020)[1]
Increase $28.6 million (2020)[1]
Websitewww.contourglobal.com/

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.

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. ^ a b c "Preliminary Results 2020". ContourGlobal. Retrieved 19 March 2021.
  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. ^ a b c "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.

External links[]

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