ContourGlobal has completed more than $713m in refinancing and capital-raising transactions across Armenia, Austria, the US and at corporate level to optimise its financing structure and accelerate its renewable and storage growth, according to the company.
ContourGlobal said the transactions form part of more than $2.6bn in financings agreed over the past 12 months, including refinancings, guarantees, revolving credit facilities and green bonds.
Chief financial officer Laurent Hullo said: “These transactions represent an important milestone in our global growth strategy.”
He said: “By simplifying our financing structure and deepening relationships with leading financial institutions, we are laying the groundwork for continued investment in high-impact renewable projects.”
He added: “Our focus remains on building resilience and ensuring we have the flexibility to support the energy transition across the markets where we operate.”
ContourGlobal said the programme includes $125m in guarantee facilities signed over the past year with insurers including Markel and Allianz.
The company said it has closed a $135m refinancing of the 404MW Vorotan Hydro Cascade in Armenia with Ardshinbank CJSC.
ContourGlobal said Vorotan provides about 10% of Armenia’s annual electricity generation and represents around 12% of its installed capacity.
The company said the refinancing brings fresh capital to support operational expansion and future growth and was marked at an event attended by Armenia’s minister of economy, the central bank governor and the US ambassador.
In Austria, ContourGlobal said it has signed a €95m ($111m) portfolio refinancing covering four of its seven operating wind farms.
The company said the deal replaces five individual financings with a single structure, improving reporting, risk management and cash flow.
ContourGlobal said its Austrian wind portfolio totals 162MW across seven sites and produces about 400GWh a year.
The company said the new facility provides flexibility for further repowering and new greenfield development and was led by UniCredit Austria alongside Raiffeisenlandesbank NÖ-Wien.
ContourGlobal said it has also secured a new €100m ($116m) four-year corporate letter-of-credit facility with BBVA to support renewable expansion and ongoing corporate requirements.
The company said the financing round follows its recently announced US tax-equity investment and project financing for the 324MWp Black Hollow Sun solar project, valued at more than $350m.
ContourGlobal said the first 185MWp phase of Black Hollow Sun is already in operation and will form the largest photovoltaic plant in northern Colorado once fully built, producing nearly 608GWh a year.
The company said the financings reflect its disciplined approach to developing and funding its transition into a predominantly renewable independent power producer.