ContourGlobal has announced the purchase of a portfolio of 446 MWp in solar photovoltaic (PV) from the leading global solar energy provider, Qcells. A portfolio of the projects is now located in the states of Colorado and Virginia for ContourGlobal, marking significant expansion of renewable energy footprint. The acquisition totals nearly 1.5GW of US solar PV and BESS capacity for ContourGlobal; this includes South Carolina and Arizona-based projects.
Antonio Cammisecra, CEO of ContourGlobal, said, “This transaction allows us to maintain momentum in our U.S. renewable growth, nearing 1.2 GW of solar PV capacity complemented with additional 0.3 GW of BESS capacity, in construction or late development.”
He added, “It also meaningfully accelerates the start of our commercial operations to the first half of this year. We are proud of this milestone and delighted that our partnership with Qcells will also enable us to integrate their U.S.-produced solar technology into these acquired projects.”
Expanding Footprint in Key US Markets
The new portfolio includes two solar PV plants totaling 446 MWp, boosting ContourGlobal’s presence in WECC and PJM markets. The Colorado assets include a 324 MWp project under construction, while the Virginia project, at 122 MWp, starts in 2026.
The Colorado assets will provide power to Platte River Power Authority, a community-owned public power utility, through a 22-year power purchase agreement (PPA). The project’s first phase will be a 185 MWp plant that commences in 2025, followed by another 139 MWp in 2026.
The Virginia project is a 122 MWp plant, with a 20-year PPA: construction commencing in 2026, and in operation by 2027.
Large-scale solar energy production
The portfolio will produce in excess of 845 GWh of electricity annually and is enough to power around 80,000 homes in the US annually. Virginia is a 122 MWp plant with a PPA for 20 years, with construction in 2026, and then operational in 2027.
Construction will be handled by Qcells under a deal that incorporates the use of solar panels made at its facilities in Dalton and Cartersville, Georgia. Qcells is the leader in solar panels in the West Hemisphere, at 5.1 GW US capacity, expanding to 8.4 GW.
Also read: ContourGlobal Enters US Renewable Market with Acquisition of 151 MW Solar Portfolio
With this addition, ContourGlobal’s US renewable capacity will reach 1.5 GW, including 1.2 GW of solar and 0.3 GW BESS. The company also operates a 1.3 GW thermal portfolio across four US states, strengthening its position in the energy market.
CRC-IB advised ContourGlobal on the buy-side, while Marathon Capital provided exclusive financial advice to Qcells in the transaction. This acquisition boosts ContourGlobal’s position in the US renewable energy market, speeding up its solar PV and energy storage growth.