{{Short description|British power generation business}} {{Use dmy dates|date=May 2025}} {{EngvarB|date=January 2018}} {{Infobox company | name = ContourGlobal | logo = ContourGlobal new logo.png | type = Public limited company | traded_as = {{lse|GLO}} | foundation = {{start date and age|2005}} | location =London, England | key_people = Antonio Cammisecra, President and CEO | industry = Power generation | products = | revenue ={{increase}} $2,151.9 million (2021)<ref name=results>{{cite web|url=https://otp.tools.investis.com/clients/uk/contourglobal_plc/rns/regulatory-story.aspx?cid=2319&newsid=1561750|title=Preliminary Results 2021|publisher=ContourGlobal |access-date=18 March 2022}}</ref> | operating_income ={{increase}} $370.1 million (2021)<ref name=results/> | net_income ={{increase}} $79.7 million (2021)<ref name=results/> | num_employees = | parent = KKR | subsid = | homepage ={{url|https://www.contourglobal.com/}} | caption = | footnotes = }} '''ContourGlobal Limited''' is a British power generation business. It was listed on the London Stock Exchange until it was acquired by KKR in December 2022.
==History== The company was established by Joseph Brandt with financial support from Reservoir Capital Group in 2005.<ref name=bloom>{{cite web|url=https://www.bloomberg.com/news/articles/2017-08-29/contourglobal-is-said-to-plan-1-billion-power-ipo-in-london|title=ContourGlobal Plans $1 Billion Power IPO in London|date=29 August 2017|publisher=Bloomberg News|access-date=3 March 2018}}</ref> In June 2015 it purchased the Vorotan Cascade in Armenia for US$180 million.<ref>{{Cite web| title =Deal on Vorotan Cascade Was Signed| url = http://ipv4.lragir.am/index/eng/0/country/53367/34163| publisher =Lragir| date = 8 June 2015|access-date=3 March 2018}}</ref> ContourGlobal was the subject of an initial public offering on the London Stock Exchange which raised net proceeds of £281 million in November 2017.<ref name=ic>{{cite web|url=https://www.investorschronicle.co.uk/shares/2017/11/13/contourglobal-ipo-offers-income-potential/|title=ContourGlobal IPO offers income potential|date=13 November 2017|publisher=Investors Chronicle|access-date=3 March 2018}}</ref> It then agreed to acquire Acciona's solar power plants for US$1.19 billion in February 2018.<ref>{{cite web|url=https://www.reuters.com/article/us-acciona-divestiture-contourglobal/contourglobal-buys-accionas-solar-power-assets-in-1-19-billion-deal-idUSKCN1GB0TO|title=ContourGlobal buys Acciona's solar power assets in $1.19 billion deal|agency=Reuters|date=27 February 2018|access-date=3 March 2018}}</ref>
In May 2022, the board accepted an offer from KKR which valued the company at £1.75 billion.<ref>{{cite news|url=https://www.proactiveinvestors.co.uk/companies/news/982440/contourglobal-fizzes-higher-after-agreeing-to-be-taken-private-982440.html |title=ContourGlobal fizzes higher after agreeing to be taken private|date=17 May 2022|newspaper=Proactive Investors|access-date=19 May 2022}}</ref> It was announced on 16 December 2022 that the court had approved the takeover, allowing the transaction to be completed.<ref>{{cite news|url=https://www.investegate.co.uk/contourglobal-plc--glo-/rns/court-sanction-of-scheme-of-arrangement/202212161244300389K/|title=Court sanction of scheme of arrangement|newspaper=Investegate|date=16 December 2022|accessdate=17 December 2022}}</ref>
Following the takeover, the company appointed Antonio Cammisecra as its CEO in February 2024.<ref>{{cite news|url=https://renewablesnow.com/news/contourglobal-appoints-ex-enel-green-power-boss-as-ceo-847725/|title=ContourGlobal appoints ex-Enel Green Power boss as CEO|date=5 February 2024|newspaper=Renewables Now|access-date=13 April 2026}}</ref>
In February 2025, the company issued $1.1 billion in green bonds, 60% of the proceeds of which were allocated to renewable energy projects and power storage.<ref>{{cite news|url=https://esgnews.com/contourglobal-allocates-657m-from-1-1b-green-bond-to-renewables-storage/|title=Contour Global Allocates $657M From $1.1B Green Bond to Renewables, Storage|newspaper=ESG News|date=12 February 2026|access-date=13 April 2026}}</ref>
The company opened a 221MW solar power plant plant in Chile in July 2025,<ref>{{cite news|url=https://www.powermag.com/chile-focuses-on-solar-and-storage-as-generation-capacity-expands/|title=Chile Focuses on Solar and Storage as Generation Capacity Expands|date=1 July 2025|newspaper=Power Magazine|access-date=13 April 2026}}</ref> a 185MW solar power plant plant in Colorado, US in September 2025,<ref>{{cite news|url=https://renewablesnow.com/news/contourglobal-unveils-185-mwp-solar-farm-in-colorado-1281166/|title=ContourGlobal unveils 185-MWp solar farm in Colorado|date=4 September 2025|newspaper=Renewables Now|access-date=13 April 2026}}</ref> and a 202MW battery energy storage system in Bulgaria in January 2026.<ref>{{cite news|url=https://renewablesnow.com/news/contourglobal-cuts-ribbon-on-202-mw-battery-at-bulgarian-thermal-site-1287684/|title=ContourGlobal cuts ribbon on 202-MW battery at Bulgarian thermal site|date=9 January 2026|newspaper=Renewables Now|access-date=13 April 2026}}</ref>
==Operations== As of October 2024, the company managed 5.6 GW of installed power generation capacity within 18 countries.<ref>{{cite news|url=https://taiyangnews.info/markets/north-america-solar-pv-news-snippets-google-enters-12-year-solar-ppa-more|title=North America Solar PV News Snippets: Google Enters 12-Year Solar PPA & More|newspaper=Taiyang News|date=10 October 2024|access-date=13 April 2026}}</ref>
==References== {{reflist}}
==External links== *[https://www.contourglobal.com/ Official site] {{Authority control}}
Category:Energy companies established in 2005 Category:Companies formerly listed on the London Stock Exchange Category:KKR & Co. companies