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• $1 billion in Green Bonds issued: ContourGlobal secured €500M (5.00% notes) and $510M (6.75% notes) due 2030, supporting its transition to a renewable-focused Independent Power Producer (IPP).
• Investor confidence: The offering was 4.5 times oversubscribed, highlighting strong market belief in ContourGlobal’s sustainability strategy.
• Sustainability-focused investments: Proceeds will fund renewable energy, battery storage, and emission reduction projects, aligning with the company’s Net Zero goal by 2040.

Driving Renewable Growth

ContourGlobal has successfully closed its first corporate-level Green Bond issuance, securing over $1 billion to accelerate its renewable energy expansion and carbon reduction efforts.

Where the Funds Go:

The company will direct proceeds to Eligible Green Projects, including:

• Developing and acquiring renewable assets.
• Expanding battery storage for grid stability.
• Decommissioning or repurposing high-emission assets.
• Phasing out coal by 2027 and transitioning liquid fuel plants to high-efficiency natural gas.

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CEO Antonio Cammisecra emphasized the milestone:
“This first corporate-level Green Bond issuance in our almost 20-year history underscores our dedication to growth and transformation into a more sustainable IPP.”

High Demand from Investors

The 4.5x oversubscription of the Green Bonds signals strong investor confidence in ContourGlobal’s long-term sustainability vision. The company’s Green Bond Framework—certified as “Excellent” by Sustainable Fitch—aligns with the International Capital Market Association’s (ICMA) Green Bond Principles 2021.

Cammisecra added:
“We intend to continue investing in renewable energy, battery storage, and innovative technologies, delivering value to our stakeholders while supporting the global fight against climate change.”

Clear Net Zero Targets

ContourGlobal aims to:

• Reduce carbon intensity by 40% by 2030 (compared to 2022 levels).
• Cut Scope 3 emissions by 15% by 2030.
• Achieve Net Zero by 2040.

Global Impact

This Green Bond issuance aligns with UN Sustainable Development Goals (SDGs) 7 & 13—affordable clean energy and climate action—positioning ContourGlobal as a leader in the clean energy transition.

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