ContourGlobal and affiliates of Austria's Raiffeisen Banking Group have announced that they have signed agreements for ContourGlobal to purchase approximately 201MW of renewable energy operating plants in Austria, Slovakia and the Czech Republic for an undisclosed sum.
The portfolios acquired include 8 operating wind farms in Austria totalling 161MW and operating solar sites in the Czech Republic and Slovakia totalling 40MW. 103 MW was signed and closed October 15, 2014 with RENERGIE (an affiliate of Raiffeisen-Holding NO-Wien) and an additional 98MW was signed on October 22, 2014 with REE (an affiliate of Raiffeisen-Leasing) and is expected to close before year-end. The acquisition expands ContourGlobal's growing portfolio of renewable energy assets, complementing its nearly 1.4GW portfolio of renewable energy businesses in South America, Europe and Africa.
