At ContourGlobal, decarbonization is at the heart of our energy transition strategy. We are firmly committed to achieving Net Zero by 2040, a goal supported by a structured decarbonization pathway and concrete actions. This includes transitioning from fossil fuels to clean energy through renewable sources and gas conversions, while reducing emissions without compromising energy security in the regions we serve. We are also focused on developing sustainable business models that align with long-term climate objectives and creating economic opportunities through workforce transformation and active community engagement. Our pathway to Net Zero includes a mid-term target of reducing emissions intensity by 40% by 2030, and long-term goals of achieving a 90% absolute emissions reduction by 2040, with the remaining 10% to be offset.

Projects

Maritsa East 3: Fast-tracking Clean Energy Integration

ContourGlobal’s approach centers on using existing site infrastructure to:

Accelerate deployment: The temporary use of established grid systems (e.g., transformers, switchgear) enables faster implementation of renewable and storage projects.
Maximize efficiency: Reusing available infrastructure avoids delays and costs associated with new grid development.
Support regional transition: Ongoing investment in the site includes retraining personnel and creating green job opportunities in the Stara Zagora region.
Reinforce grid resilience: The BESS and future hybrid solar + storage projects will contribute to greater flexibility, reliability, and price stability within Bulgaria’s power system.

Lear more about Bulgaria

Gas Conversion Project in Senegal

ContourGlobal is involved in a major fuel transition project at the Cap des Biches site in Senegal, converting from Heavy Fuel Oil (HFO) to Natural Gas.

Project Timeline: Final Investment Decision (FID) in 2025, with conversion expected by 2026.
Infrastructure Development: Supported by an LNG terminal project by SENELEC to ensure reliable gas supply.
Environmental Benefits: Reduction of emissions while increasing energy production. Reconversion to natural gas offers cleaner, more efficient power generation compared to HFO and diesel.
Economic Impact: Lower energy costs for the government and state-owned off-taker. PPA extension by up to 5 years, ensuring long-term energy security. IFC-backed refinancing, expected to close in May 2025 (€105 million).
Operational Excellence: In-house O&M capabilities have already achieved major milestones, proving readiness for gas conversion. Local workforce training ensures skills development and long-term job creation.

This initiative strengthens our partnership with the Senegalese government, SENELEC, reinforcing our commitment to a sustainable, low-emission energy future.