ContourGlobal, owned by U.S. investment firm KKR, said that it has obtained a funding package exceeding US$350 million to support its solar power projects in Colorado.

The financing includes a tax equity investment from Tyr Energy, a subsidiary of Japan’s ITOCHU Corporation, and a debt financing deal arranged by a club of international lenders.

The funds will back ContourGlobal’s Black Hollow Sun project, which will reach a peak capacity of 324 megawatts once its second phase is completed by the end of 2026.

Total financing could rise to more than $421 million upon the project’s completion. As demand for electricity in the United States grows due to AI data centers and decarbonization initiatives, investors and banks are increasingly partnering with energy sectors to support new projects.