British Power Generation Company ContourGlobal has acquired a 446MWP Photovoltaic (PV) portfolio in the United States, expanding its renewable energy footprint.

The portfolio, acquired from QCELLS, includes two solar PV plants in Colorado and Virginia, pushing Contourglobal’s Planned US PV and BESS capacity to nearly 1.5GW.

This adds to more than 1GW of recently acquired projects in South Carolina and Arizona, currently in late development.

The 324MWP Colorado assets are already under construction, while the 122MWP Virginia project is slated to begin construction in 2026.

This acquisition expands Contourglobal’s renewable operations within the Western Electricity Coordinating Council (WECC) and the Pennsylvania-New Jersey-Maryland (PJM) interconnection markets.

This expansion offers regional diversification and deepening in areas with a growing demand for electricity, together with the retirement of thermal capacity and the objectives of reducing carbon emissions.

The Colorado projects will supply electricity to the Platte River Power Authority under a long-term power purchase agreement (PPA).

The first phase, a 185MWP plant, is expected to start operations in the first half of 2025, with a 22-year PPA in place. The second phase will add 139MWP of capacity by 2026.

The Virginia project, which is expected to begin operations in 2027, will benefit from a 20-year PPA with an investment property utility.

These plants are expected to produce more than 845GWh annually, enough to power approximately 80,000 American homes each year.

ContourGlobal CEO Antonio Cammisecra said: “This transaction allows us to maintain momentum in our US renewable growth of nearly 1.2 GW of solar PV capacity complemented by an additional 0.3 GW of BESS capacity , under construction or late development.

“It also significantly accelerates the start of our commercial operations to the first half of this year. We are proud of this milestone and are delighted that our collaboration with QCELLS will also allow us to integrate their American-made solar technology into these acquired projects.”

QCELLS will oversee the construction of the projects, which will use solar panels manufactured at its facility in Georgia. QCELLS has one of the largest solar panel production capacities in the Western Hemisphere, which is expected to grow to 8.4GW, according to the company.

CRC-IB served as the exclusive purchase advisor to Contourglobal, while Marathon Capital was the exclusive financial advisor to QCELLS for this deal.

Qcells Ges President IP Kimsaid: “We are proud to support Contourglobal’s US expansion. This transaction showcases QCELLS’ differentiated capabilities as a ‘total energy solutions provider’ to bring projects from development to operations. We are excited to explore other opportunities where Qcells’ full suite of capabilities can provide value to partners like contornGlobal.”

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