ContourGlobal, an independent renewable energy power producer and a subsidiary of KKR, secured more than $350 million in tax equity and debt financing for its projects in the U.S.
The financing supports ContourGlobal’s 324 MWp Black Hollow Sun solar project located in Colorado. Phase I of the project, totaling 185 MWp, is already operational. The project is supplying electricity to Platte River Power Authority, a community-owned utility serving Fort Collins, Loveland, Estes Park, and Longmont.
Phase II of the project, which will add an additional 139 MWp capacity, is currently under construction, with completion expected by the end of 2026. With the commissioning of Phase II, Black Hollow project will be the largest installation in Northern Colorado.
Tyr Energy provided the tax equity investment, while a consortium of international lenders comprising Crédit Agricole CIB, ING Capital LLC, Intesa Sanpaolo, Mizuho, and MUFG, provided the debt financing for the project.
CRC-IB served as the financial advisor for both ContourGlobal and Tyr Energy on the transaction.
“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, which continue to attract top-tier financial institutions”, commented Antonio Cammisecra, President and CEO of ContourGlobal. “This represents another meaningful milestone in our 20-year commitment to U.S. energy and stands as a testament to the experience and execution capabilities of our management team, from business development to construction, from finance to operations. This financing success also highlights the quality of our offtaker, Platte River Power Authority, which was key to achieving this result”.
In 2025, ContourGlobal also acquired a solar project portfolio totaling 446 MW located in the U.S., as well as battery energy storage projects with a combined capacity of 1.6 GW in Italy.
Large-scale project funding in the first nine months of 2025 increased by 43% compared with the same period in 2024, according to Mercom’s 9M and Q3 2025 Solar Funding and M&A report.
