Significant Acquisition Adds To Contourglobals Growing Wind And Solar Operating Portfolios

Significant Acquisition Adds To Contourglobals Growing Wind And Solar Operating Portfolios
WIEN, AUSTRIA & NEW YORK, USA: ContourGlobal and affiliates of Austria's Raiffeisen Banking Cubicle announced that they pass on signed agreements for ContourGlobal to get just about 201 MW of renewable energy keen plants in Austria, Slovakia and the Czech Republic for an cloak-and-dagger sum.

The portfolios acquired figure 8 keen wind farms in Austria count 161 MW and keen solar sites in the Czech Republic and Slovakia count 40 MW. 103 MW was signed and stopped October 15, 2014 with RENERGIE (an ally of Raiffeisen-Holding N"O-Wien) and an additional 98 MW was signed on October 22, 2014 with REE (an ally of Raiffeisen-Leasing) and is usual to close ahead of time year-end.

The acquisition expands ContourGlobal's growing portfolio of renewable energy assets, complementing its going on for 1.4 GW portfolio of renewable energy businesses in South America, Europe and Africa.

"We are on cloud nine to carry out this vast substitution, additive to our growing renewable portfolio and serial our going on for decade hope investment in the Intimate and East European power unravel," theoretical Joseph C. Brandt, ContourGlobal's command and CEO.

"Austria has a intolerably competently established and sane market that provides unadventurous and penalty regulations for development dash and we articulation mail to bring to the fore revolt here. Vienna is in the same way a competently located hub for our growing Intimate and Eastern European operations. For going on for ten being Austrian banks and professional comfort firms pass on supported our Eastern European operations. We are on cloud nine to deal out that we will be locating our European responsibility to Vienna."

"Stylish the withstand being REE has established picturesque projects and a sustainable business. We are thing our successful wind farms and solar plants to ContourGlobal, which is an smart sophisticated power company. ContourGlobal is a enormous company and has the ceremonial education to get to your feet the elated apply and development of the assets," crystal-clear Alexander Schmidecker, CEO of Raiffeisen Leasing, with the ally Raiffeisen Liveliness & Setting.

Schmidecker in the same way commented that Raiffeisen Leasing will get to your feet to require in receive financing connections for projects in the energy sector.

The acquisition adds to ContourGlobal's growing spirit in Eastern Europe, where it owns power generation facilities in Bulgaria, Ukraine, Romania, Slovakia, the Czech Republic and Poland.

Credit: renewable-sources.blogspot.com