Independent power producer (IPP) ContourGlobal has purchased 40MW of solar power projects in Slovakia and the Czech Republic.
The agreement is part of a larger 201MW deal that also includes eight wind farms in Austria totalling 161MW.
The deals were agreed with two separate affiliates of the Austrian firm, Raiffeisen Banking Group.
“We are thrilled to execute this significant transaction, adding to our growing renewable portfolio and continuing our nearly decade long investment in the Central and East European power space,” said Joseph C. Brandt, president and CEO, ContourGlobal.
“Vienna is also a well located hub for our growing Central and Eastern European operations. For nearly ten years Austrian banks and professional service firms have supported our Eastern European operations. We are pleased to announce that we will be locating our European headquarters to Vienna,” added Brandt.