24th Nov 2021 07:00
24 November 2021
ContourGlobal plc
Acquisition of contracted solar photovoltaic operating power plants in Italy
ContourGlobal plc (the "Company"), in partnership with Energy Infrastructure Partners AG ("EIP") announced today that it has completed the acquisition of Green Hunter Group S.p.A., a portfolio of Solar Photovoltaic assets totalling 18 MW located in Italy.
It was signed on June 4, 2021 and completed on 23 November for €45.6 million on a debt free, cash free basis. Following completion, the Company and EIP own 51% and 49% respectively of the acquired entity. The Acquired Assets will contribute approximately €8 million of Adjusted EBITDA on an annual basis.
The transaction is part of our operationally led solar strategy in Italy with our long-time partner EIP and it will increase our installed solar capacity in the Italian market by approximately 24%. We continue to see a strong pipeline of further opportunities in Italy with EIP.
Enquiries
Investor Relations - ContourGlobal
Jose Cano
+44 203 626 9062
Media - Brunswick
Charles Pretzlik / Will Medvei
Tel: +44 (0) 207 404 5959
ABOUT CONTOURGLOBAL
ContourGlobal is listed on the premium segment of the London Stock Exchange (TKR: GLO). ContourGlobal is an international owner and operator of contracted wholesale power generation businesses with approximately 6.3 GW in operation in 20 countries. ContourGlobal operates a portfolio of 114 thermal and renewable power plants across Europe, North America, Latin America, and Africa utilizing a wide range of technologies.
ABOUT ENERGY INFRASTRUCTURE PARTNERS AG
Energy Infrastructure Partners AG (EIP) is a Swiss investment manager with CHF 4 billion under management and a focus on energy infrastructure assets that contribute to the security of supply during energy transition. EIP leverages its broad transaction experience and close industrial partnerships to develop and manage solutions for institutional investors globally.
Related Shares:
GLO.L