CRC-IB Advises ContourGlobal on Strategic Acquisitions for Standalone and Hybrid Solar PV Acquisitions

CRC-IB has advised ContourGlobal, a KKR-backed global independent power producer, on two successful acquisitions in the advanced solar PV space: Project Sterling, a hybrid solar-plus-extended duration storage project located in Arizona, and Project Crown, a latest-technology solar PV portfolio with projects in Colorado and Virginia.

Project Sterling has an installed capacity of 567 MWp of PV power generation and 321 MW/1.3 GWh of BESS (four hours duration), positioning it to play a key role in delivering clean, renewable energy to the CAISO and WECC-Southwest regions. The transaction was ContourGlobal’s first in the western United States and is set to start the marketing phase for potential offtake agreements soon.

The Project Crown solar portfolio, which includes two solar projects totaling 446 MWp, strengthens ContourGlobal’s presence in the WECC and PJM interconnection markets, supporting its ongoing growth in the U.S.

“These strategic acquisitions underscore ContourGlobal’s commitment to providing sustainable, low-carbon power solutions,” said Britta von Oesen, CRC-IB Partner & Managing Director. “We are proud to support their efforts to decarbonize the grid.”

For more information on this transaction, please contact Britta von Oesen.

About ContourGlobal
ContourGlobal, a KKR Company, is an established Independent Power Producer (IPP) developing, acquiring and operating electricity generation and storage assets worldwide. Following the recently announced transactions, the company elevated its installed capacity under management, in late development or construction to around 7.8 GW. The footprint of the company now extends to 20 countries across Europe, Africa, Asia, North and South America. With a current share of renewables capacity of almost 50%, including capacity under construction or development, the company has committed to speed up the decarbonization of its portfolio with a sustainable transition of its thermal fleet, the repowering of existing renewable assets and the organic development of new renewable projects. ContourGlobal has gross pipeline of about 4.5 GW of development projects and a track record of 20 years of experience in partnering with communities, institutions and customers that benefit from its power supply through long-term contracts or innovative PPAs, coupled with energy management solutions. See more about ContourGlobal here.