ContourGlobal restructures financing for 36.7-MW solar farm portfolio in Greece.

UK-based energy producer ContourGlobal announced on Friday that it has obtained EUR 43.8 million (USD 51.8 million) in financing from Eurobank to refinance a 36.7-MW solar portfolio in Greece that it acquired recently.

This financing will cover most of the acquisition cost for the portfolio, which includes 26 operational solar farms located throughout Greece, from the Peloponnese region to Eastern Macedonia and Thrace.

The plants are organized under seven special purpose vehicles (SPVs). Eurobank arranged the financing to simplify the portfolio's structure, consolidating 14 plant- and SPV-level loans from various lenders into seven SPV-level facilities, as stated by ContourGlobal.

The company purchased the solar farms along with several unrelated battery storage projects in December 2025 to penetrate the Greek renewable energy market. The solar plants began commercial operations between 2011 and 2022, all benefiting from regulated off-take agreements under Greece's feed-in-tariff (FiT) and feed-in-premium (FiP) schemes, which provide stable income and reduce exposure to fluctuations in wholesale power prices, ContourGlobal noted.