ContourGlobal has officially entered the U.S. renewables market with the acquisition of a 151 MW solar portfolio consisting of two projects in South Carolina. These late-stage development assets are expected to begin commercial operations by 2029.
Both projects have secured long-term Power Purchase Agreements (PPAs), and all necessary grid interconnection studies have been completed. Once fully operational, the solar PV plants will generate over 272,000 MWh annually, enough to power nearly 26,000 U.S. households.
This acquisition aligns with ContourGlobal’s strategy of expanding its renewable energy footprint through organic growth. The company will oversee the construction, operation, and maintenance of the plants, which will utilize cutting-edge solar technology. By employing advanced solar modules, inverters, and electrical systems, the projects will avoid approximately 109,000 tonnes of CO2 emissions per year—equivalent to taking more than 23,000 cars off the road annually.
The portfolio was acquired from Virginia-based Sun Tribe Development, an active developer in the mid-Atlantic and Southeastern U.S. CRC-IB acted as exclusive buy-side advisor to ContourGlobal, while EOS Capital served as sell-side advisor to Sun Tribe.
Antonio Cammisecra, CEO of ContourGlobal, stated, “This acquisition of solar PV assets, backed by strong PPAs and in the late development stage, represents our entry into the U.S. renewables market. We foresee significant growth in this area and look forward to collaborating with Sun Tribe. Our Engineering & Construction team is now tasked with leveraging the latest solar advancements to ensure successful project execution.”
Sun Tribe Development’s CEO, Danny Van Clief, added, “This transaction highlights our business model, working in partnership with landowners, communities, and operators like ContourGlobal. We are proud to reach this milestone and wish our partners success in the next phases of construction and operation.”
