ContourGlobal refinances €43.8 million solar portfolio purchase in Greece with Eurobank support

ContourGlobal has obtained €43.8 million in financing from Eurobank in Greece to support its acquisition of solar assets it purchased only months ago—an update that matters for investors because it reshapes how cash flows are financed and managed after the initial purchase.

The refinancing package is designed primarily to cover the cost of acquiring the portfolio. ContourGlobal completed the transaction recently, and the new funding replaces a more intricate financing setup that had been built around multiple loans at both the asset and entity level.

A 36.7 MW portfolio across seven SPVs

The assets acquired comprise 26 solar power plants with a combined installed capacity of 36.7 MW, located across several regions of Greece, including the Peloponnese and northern areas. The projects are held through seven special purpose vehicles (SPVs), following a restructuring that simplified the original financial arrangement.

Prior to refinancing, the project’s funding relied on a more complex structure involving multiple loans at different layers of ownership and operations. Eurobank has now consolidated this into a more streamlined lending framework, reducing the number of facilities and improving overall financial efficiency and manageability.

Regulated support reduces exposure to wholesale volatility

The solar plants were commissioned between 2011 and 2022 and operate under regulated support schemes, including feed-in tariffs and feed-in premiums. These mechanisms are intended to provide stable and predictable revenue streams while limiting exposure to wholesale electricity price volatility.

Strategic expansion into Greece’s clean energy market

ContourGlobal entered Greece’s renewable energy market in late 2025 through this acquisition. The transaction also included battery storage assets, extending the company’s footprint beyond solar generation alone as it expands within the country’s clean energy sector.