ContourGlobal, the energy company owned by US investment firm KKR, has secured a funding package worth over $350 million to support its large-scale solar installations in Colorado. The financing will back the company’s Black Hollow Sun project, which aims to significantly expand renewable energy generation in the region.

The deal includes a tax equity investment from Tyr Energy, a subsidiary of Japan’s ITOCHU Corporation, alongside a debt financing arrangement led by a consortium of international lenders.

With demand for electricity in the United States rising due to artificial intelligence data centres and ongoing decarbonisation efforts, energy producers are increasingly partnering with global investors and banks to accelerate clean power deployment.

The Black Hollow Sun project is expected to achieve a peak output of 324 megawatts upon completion of its second phase by the end of 2026. According to ContourGlobal, total financing could exceed $421 million once both phases are fully completed.

The debt portion of the funding was arranged by a syndicate comprising Crédit Agricole CIB, ING Capital LLC, Intesa Sanpaolo, Mizuho, and MUFG.

The new financing marks a major step in ContourGlobal’s renewable energy expansion in North America, reinforcing its commitment to sustainable power generation and energy transition initiatives.