Zelestra Secures $113 Million To Build New Solar Plant In Jasper County, Indiana, USA

Zelestra, a global renewable energy company focused on customer solutions and multiple technologies, has secured $113 million in project financing for its 81 MWdc Jasper County Solar Project in the U.S. The funding was arranged solely by Banco Santander. The project, located in Jasper County, Indiana, has a long-term environmental attributes purchase agreement (EAPA) with Meta and is expected to begin operations in the fourth quarter of 2025. The financing is classified as green under Zelestra’s Green Financing Framework, which has been verified by DNV and supported by BNP Paribas.

Sybil Milo Cioffi, Zelestra’s US CFO, said in a statement, “It is an important milestone to close this financing as we continue to deliver for our customers and grow our presence in the US. The backing from Banco Santander demonstrates confidence in our strategy and our team. We are also delighted to have the EAPA agreed with Meta, one of six in total we have in partnership with them across the US. Jasper is leading the way in our delivery of major US projects, with over 1GW of fully contracted projects advancing towards construction over the next two years.”

This updated framework guides Zelestra’s green financial transactions, ensuring investments go towards projects that have a positive environmental impact and contribute to the transition to a low-carbon economy. Zelestra’s U.S. project pipeline includes nearly 7 GW of solar and battery energy storage systems (BESS) projects. The company was recently recognized by BloombergNEF (BNEF) as one of the top 10 global sellers of clean energy to corporate clients, ranking second in Europe, the Middle East, and Asia.