ContourGlobal PLC Acquisition of solar power plants in Italy (3418T)
24 November 2021 - 06:00PM
UK Regulatory
TIDMGLO
RNS Number : 3418T
ContourGlobal PLC
24 November 2021
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
EUR45.6 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
EUR8 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
jose.cano@contourglobal.com
investor.relations@contourglobal.com
Media - Brunswick
Charles Pretzlik / Will Medvei
Tel: +44 (0) 207 404 5959
Contourglobal@brunswickgroup.com
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.
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