Zelestra Completes US Tax Equity Transaction For 81 MW Jasper County Solar Project

Zelestra, a global renewable energy company known for its multi-technology and customer-focused approach, has announced that it has secured approximately $60 million in tax equity funding from Stonehenge Capital for its 81 MWdc (60 MWac) Jasper County Solar Project in Indiana. The project represents a key addition to Zelestra’s expanding U.S. portfolio and underscores its continued success in delivering large-scale, sustainable energy solutions.

Located in Jasper County, Indiana, the Jasper County Solar Project has a long-term Environmental Attributes Purchase Agreement (EAPA) with Meta, marking one of six such collaborations between the two companies across the United States. The project is expected to become fully operational in the fourth quarter of 2025, contributing to Meta’s renewable energy goals and advancing Zelestra’s commitment to decarbonizing corporate power supply chains.

This milestone follows the earlier announcement in April 2025, when Zelestra secured $113 million in project financing for the Jasper Project through Banco Santander. The addition of tax equity financing from Stonehenge Capital completes a major step in the project’s financial structuring, ensuring strong capital support for its execution and long-term stability.

Commenting on the development, Sybil Milo Cioffi, Zelestra’s Chief Financial Officer for the U.S., said, “We are delighted to partner with Stonehenge Capital, a leading name in tax equity financing. This partnership highlights the financial sector’s growing confidence in Zelestra’s strategy and performance. The Jasper County Solar Project is a testament to our commitment to delivering projects that align with our clients’ sustainability objectives. We look forward to celebrating Jasper’s completion later this year, as well as advancing the 1 GW of fully contracted projects currently moving toward construction and expected to be operational within the next two years.”

Whitney LaNasa, Senior Managing Director at Stonehenge Capital, added, “The collaboration with Zelestra exemplifies our mission to support impactful energy infrastructure projects across the nation. We are proud to work alongside Zelestra, a globally recognized energy company, to help bring the Jasper County Solar Project to full operation.”

Headquartered in Arlington, Virginia, Zelestra continues to strengthen its position in the U.S. renewable energy market with a growing portfolio of innovative, multi-technology solutions tailored to meet the needs of hyperscalers and corporate customers. The company’s development pipeline exceeds 10 GW across key markets, demonstrating its long-term commitment to advancing clean energy deployment on a global scale.

Zelestra’s consistent performance and strong corporate partnerships have earned it a place among the world’s leading renewable energy providers. BloombergNEF (BNEF) recently ranked the company among the top 10 global sellers of clean energy to corporate clients, reaffirming its role as a trusted partner in the clean energy transition. The successful financial close of the Jasper County Solar Project reinforces Zelestra’s reputation for delivering bankable and sustainable energy solutions while supporting corporate and community goals for a cleaner, more resilient energy future.