ContourGlobal has entered the U.S. renewables market with the acquisition of a 151 MW solar portfolio comprised of two projects in South Carolina.
Commercial operations for both projects are planned to start in 2029.
The projects have signed long-term PPAs, and all grid interconnection studies have been completed at the time of the transaction. Both were acquired from Sun Tribe Development, with CRC-IB serving as exclusive buy-side advisor to ContourGlobal and EOS Capital serving as exclusive sell-side advisor to Sun Tribe.
“The acquisition of these solar PV assets, currently in the late development stage and supported by a valuable PPA with stable revenue, marks our entry into the U.S. renewables market, where we anticipate significant future growth,” says Antonio Cammisecra, ContourGlobal CEO.
“This transaction, with a reliable development partner such as Sun Tribe, is the first success of ContourGlobal’s newly formed global Business Development team, which fully focuses on accelerating our growth in renewables and on the progressive decarbonization of our thermal portfolio. Our Engineering & Construction is now tasked with ensuring smooth project execution and harvesting the latest technological improvements that will come to the market as we begin construction.”
ContourGlobal is a KKR company.
The post ContourGlobal Acquires 151 MW Solar Portfolio From Sun Tribe Development appeared first on Solar Industry.
ContourGlobal Acquires 151 MW Solar Portfolio from Sun Tribe Development
I’m not a financial pro, but here’s some advice:
Don’t live on a budget. Make a lot of money and live far beneath your means. What value does luxury actually bring to your life, especially if it makes you nervous about running out of cash?
As I told my kids when they were growing up, “Unless you’re completely shallow, showing off your money is an idiotic thing to do. You make false friends and have people glomming onto you to sell you stuff you really don’t need.”
Warren Buffett still lives in a modest house in Nebraska, a state in which he could buy an entire country. Maybe there is something about him and his values that could benefit you.
I see.
There’s not enough land in Spain to support rooftop and ground-mounted solar at a fraction of the cost.
LOL.
It’s possible that right now, there are other civilizations observing the human race, studying us from afar, and noticing our decline into savagery and eventual extinction by turning billionaires into trillionaires.
People say that the principal weakness of human beings is that we can’t plan for the future as a species. Dogs are arguably even worse, though they aren’t consumed with greed. They don’t plot the starvation of millions of other dogs so they themselves can have enough food to last a billion years.
As an elderly man, I’ll be leaving this planet soon, but I won’t cease pondering this until my heart stops beating.
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