ContourGlobal
 | |
| Company type | Public limited company |
|---|---|
| LSE: CGO | |
| Industry | Power Generation |
| Founded | 2005 |
| Headquarters | London, 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] | |
| Website | www.contourglobal.com/ |
ContourGlobal plc is a 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
- ^ a b c "Preliminary Results 2019". ContourGlobal. Retrieved 17 March 2020.
- ^ "ContourGlobal Plans $1 Billion Power IPO in London". Bloomberg. 29 August 2017. Retrieved 3 March 2018.
- ^ "Deal on Vorotan Cascade Was Signed". Lragir. 8 June 2015. Retrieved 3 March 2018.
- ^ a b c "ContourGlobal IPO offers income potential". Investors Chronicle. 13 November 2017. Retrieved 3 March 2018.
- ^ "ContourGlobal buys Acciona's solar power assets in $1.19 billion deal". Reuters. 27 February 2018. Retrieved 3 March 2018.