ContourGlobal closes its first U.S. Renewable Tax Equity Investment and Project Financing valued at more than USD 350 Million.
Houston and Milan, October 30th, 2025
- The deal supports ContourGlobal’s 324 MWp solar project in Colorado, which has already 185 MWp in operation at the Black Hollow Sun I site and additional 139 MWp under construction.
- Transaction is for USD 350 million and includes a Tax Equity Investment as well as a Debt Financing Package.
- Additional funding at Phase II completion could elevate the total financing to more than USD 421 million.
ContourGlobal announced the successful closing of its first renewable energy project financing in the United States, marking a key milestone in the company’s continued growth and diversification. The transaction, valued at more than USD 350 million, also represents ContourGlobal’s first-ever Tax Equity investment.
The financing supports ContourGlobal’s 324 MWp Black Hollow Sun (BHS) photovoltaic project, located in Colorado. Phase I of the solar project, totaling 185 MWp, is already in commercial operation and delivering electricity to Platte River Power Authority, a community-owned utility serving Fort Collins, Loveland, Estes Park, and Longmont. Phase II, which will add a further 139 MWp, is expected to be completed by the end of 2026, making Black Hollow Sun the largest photovoltaic installation in Northern Colorado, capable of producing enough clean electricity to power more than 73,000 homes yearly.
“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”.
The transaction includes two primary components: a Tax Equity investment and a Debt financing package.
The Tax Equity investment was provided by Tyr Energy, Inc. (“Tyr Energy”), active in the development, acquisition and financing of electric power assets and delivering comprehensive management and oversight services to power generation and electric utility companies. Tyr Energy represents the North American cornerstone of the ITOCHU Corporation global electric power strategy and is focused on clean and renewable generation and technology solutions.
“Tyr Energy has completed more than ten tax equity investments, underscoring our proven track record and long-term commitment to advancing the U.S. renewable energy market,” said Garrick Venteicher, President and CEO of Tyr Energy. “Looking ahead, we will continue to pursue new investment opportunities to support the next phase of the energy transformation driven by demand growth from the buildout of AI data center infrastructure and the electrification of U.S. industry”.
The Debt financing was arranged with a club of international lenders, including Crédit Agricole CIB, ING Capital LLC, Intesa Sanpaolo, Mizuho, and MUFG.
ContourGlobal was supported by CRC-IB as financial advisor, Norton Rose Fulbright US LLP as New York counsel, and Davis Graham & Stubbs LLP as Colorado counsel. Tyr was also supported by CRC-IB as financial advisor. Milbank LLP acted as New York counsel and Husch Blackwell LLP acted as Colorado counsel for both the Tax Equity and Debt financing.
The financing structure underscores ContourGlobal’s strong partnerships with leading global financial institutions and reflects its disciplined approach to developing and funding its transition into a predominantly renewable independent power producer (IPP).