ContourGlobal closes over $713 million in refinancing and new credit facilities to strengthen global growth

November 17^th, 2025

• ContourGlobal secured over $597 million in refinancing and $116 million new credit facilities, which, together with $1.9 billion in refinancings, guarantees, corporate revolving facilities and green bond issuances signed over the past twelve months, bring its total financings over the period to more than $2.6 billion, boosting its global growth.
• Main deals include a $135 million refinancing of the Vorotan Hydro Cascade in Armenia, finalized with Ardshinbank, providing capital for operational expansion; a €95 million ($111 million) refinancing that consolidates loans on four Austrian wind farms and unlocks cash to fund future growth and repowering projects; and a €100 million ($116 million), four-year letter of credit facility with BBVA, enhancing financial flexibility to support renewable growth and corporate needs.
• These financing deals add to a recently announced U.S. renewable Tax Equity Investment and Project Financing, valued at more than $350 million.

Houston and Milan, November 17^th, 2025 — ContourGlobal recently completed a series of strategic refinancings and capital-raising transactions totaling more than $713 million, aimed at optimizing its capital structure, supporting growth in renewables and BESS, and strengthening the sustainable transition of its thermal fleet.

Over the last months, the company finalized three landmark transactions with tier 1 financial institutions in Armenia, Austria, US and at the corporate level, reinforcing its long-term strategy of financial efficiency, simplification, and sustainable expansion. These transactions, together with $1.9 billion in refinancings, guarantees, corporate revolving facilities and green bond issuances signed over the past twelve months, bring the company’s total financings over the period to more than $2.6 billion to support its green transformation.

“These transactions represent an important milestone in our global growth strategy. 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”, commented Laurent Hullo, Chief Financial Officer of ContourGlobal. “Our focus remains on building resilience and ensuring we have the flexibility to support the energy transition across the markets where we operate.”

These strategic refinancing and capital-raising transactions include a series of guarantee facilities totaling $125 million signed over the past twelve months with leading insurers, including Markel, and Allianz, creating a comprehensive and well-balanced corporate financing platform.

Armenia: $135 Million Refinancing of Vorotan Hydro Cascade

ContourGlobal has completed a $135 million refinancing of the Vorotan Hydro Cascade – a portfolio of 3 hydropower plants located along the Vorotan River in Armenia – with a combined installed capacity of 404 MW. Operated by a dedicated team of over 120 professionals, the Vorotan Hydro Cascade stands as a cornerstone of Armenia’s renewable energy infrastructure.

Since its acquisition in 2015, the Vorotan Hydro Cascade has consistently provided around 10% of Armenia’s annual electricity generation and represents approximately 12% of the country’s total installed capacity. These plants play a crucial role in maintaining grid stability and frequency control, making them a vital component of Armenia’s renewable energy infrastructure.

The refinancing, executed in partnership with Ardshinbank CJSC, the largest bank in Armenia, not only addresses existing debt but also brings fresh capital to support operational expansion and future growth. The transaction was celebrated recently at the presence of Armenia’s Minister of Economy, the Governor of the Central Bank and the U.S. Ambassador in the context of ContourGlobal’s 10th anniversary in Armenia.

Austria: €95 Million ($111 million) Portfolio Refinancing to Accelerate Wind Growth

In Austria, the company closed a €95 million ($111 million) refinancing of four (out of our seven) operating wind farms, marking a significant milestone in the company’s strategy to optimize its financial structure and strengthen its foundation for future growth.

The refinancing replaces five separate asset-level financing agreements with a single portfolio-level facility, simplifying reporting requirements and improving risk management by consolidating assets under one structure. This upsized refinancing reflects an enhanced approach to energy management and market participation, which improves operational efficiency and cash flow generation. As a result, ContourGlobal is better positioned to reinvest these additional funds into new projects and opportunities, supporting sustainable growth and driving future revenue streams.

As one of the leading wind power producers in Austria, ContourGlobal operates seven wind farms across the country, with a total installed capacity of 162 MW. Four of those wind farms have undergone extensive repowering projects, enhancing production efficiency by reducing the number of turbines while increasing output. Today, ContourGlobal’s wind farms generate approximately 400 GWh annually, playing a vital role in supporting Austria’s energy transition and contributing to a more sustainable energy future.

This new facility provides the flexibility to support ContourGlobal’s growth plans in Austria, including potential repowering of existing wind farms and new greenfield developments. UniCredit Austria, who acted as lead lender, was joined by Raiffeisenlandesbank NÖ-Wien, reflecting longstanding relationship of both institutions with ContourGlobal.

€100 Million ($116 million) additional Corporate Facility to Support Renewables Expansion

ContourGlobal also strengthened its corporate financing structure by securing a new €100 million ($116 million), four-year letter of credit facility with BBVA. This facility introduces a new lender to the company’s financing base while securing competitive terms that reflect the strong confidence of the market in ContourGlobal’s fundamentals.

The new line of credit will play a pivotal role in supporting ContourGlobal’s renewable growth ambitions, while also addressing ongoing corporate needs such as the issuance of letters of credit and guarantees for regulatory, contractual, and operational purposes.

A Disciplined Approach to Funding Growth

All these deals add to ContourGlobal’s recently announced renewable Tax Equity investment and project financing in the United States, in a transaction valued at more than $350 million to support the 324 MWp Black Hollow Sun (BHS) photovoltaic project. The plant includes a first phase of 185 MWp already in commercial operation and, once completed, will constitute the largest photovoltaic installation in Northern Colorado, with an expected annual production of nearly 608 GWh of clean electricity, enough to power more than 73,000 homes.

These financing achievements underscore ContourGlobal’s strong partnership with leading global financial institutions and reflect its disciplined approach to developing and funding its transition into a predominantly renewable independent power producer (IPP).