Black Hollow Sun solar — 324 MWp (Phase I 185 MWp operational; Phase II completing 2026)
ContourGlobal's first US renewables project finance post-KKR acquisition (2022). $260M debt from 5-bank consortium (Crédit Agricole, ING, Intesa Sanpaolo, Mizuho, MUFG); $90M tax equity from Tyr Energy (ITOCHU subsidiary). Phase I (185 MWp) supplies Platte River Power Authority and is operational; Phase II completes in 2026.
$350M
Deal Value
324MW
Capacity
Solar
Technology
CO
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- ContourGlobal (KKR portfolio company)
- Buyer / Financier
- Crédit Agricole CIB, ING, Intesa Sanpaolo, Mizuho, MUFG (debt); Tyr Energy / ITOCHU (tax equity)
- Offtaker
- Platte River Power Authority (Phase I)
- Deal Value
- $350M ($260M debt + $90M tax equity)
- Stage
- Mixed (Operating + Construction)
- ISO/RTO
- WECC
- Source
- pv magazine USA
Finance Counterparties
Lenders & Capital Providers
- constructionDebtArrangers
- Crédit Agricole CIBINGIntesa SanpaoloMizuhoMUFG
- taxEquityProviders
- Tyr Energy (ITOCHU)
- constructionDebtAmount
- $260M
- taxEquityAmount
- $90M
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