- ContourGlobal secured over $350 million for its 324 MWp Black Hollow Sun solar project in Colorado, with total financing expected to exceed $421 million after the completion of Phase 2.
- The project, set to be northern Colorado’s largest solar installation, will power over 73,000 homes upon completion in 2026.
ContourGlobal has secured over $350 million in financing for its first renewable energy project in the United States, the 324 MWp Black Hollow Sun solar scheme in Colorado.
The financing package combines tax equity investment and debt funding and could exceed $421 million once the second phase reaches completion, the company said.
ContourGlobal confirmed that phase one of the project, totalling 185MWp, is already operational and supplying power to the Platte River Power Authority. The company expects Phase 2, which will add another 139 MWp, to be completed by the end of 2026.
Meanwhile, ContourGlobal President and Chief Executive, Antonio Cammisecra, said the deal highlights the company’s financial credibility and long-term commitment to clean energy in the US.
“By successfully closing our first tax equity and project financing for a renewable asset in the United States, we have demonstrated the quality and bankability of our projects,” he said. “This represents another meaningful milestone in our 20-year commitment to US energy.”
Furthermore, Tyr Energy provided the tax equity investment for the project. Its Chief Executive Officer, Garrick Venteicher, reaffirmed the company’s commitment to accelerating the global energy transition.
“We will continue to pursue new investment opportunities to support the next phase of the energy transformation,” Venteicher said.
Crédit Agricole CIB, ING, Intesa Sanpaolo, Mizuho, and MUFG jointly arranged the debt financing. Once completed, Black Hollow Sun will become northern Colorado’s largest photovoltaic installation, generating enough clean energy to power more than 73,000 homes each year, according to ContourGlobal.