Zelestra, a global renewable energy company known for its multi-technology approach and customer-focused strategy, has secured a $600 million green financing credit facility from Societe Generale and HSBC. The funding will support the development of two major solar projects in Texas: the 252 MW Echols Grove project and the 187 MW Cedar Range project.
These two projects represent Zelestra’s largest solar developments in the United States to date. Both are supported by long-term power purchase agreements with Meta and are currently under construction. Zelestra and Meta now have agreements covering seven projects in total, amounting to 1.2 GW of clean energy capacity. This partnership supports Meta’s objective of adding new renewable generation to the electricity grid and continuing to match its operations with 100 percent clean and renewable energy.
According to Sybil Milo Cioffi, Zelestra’s U.S. Chief Financial Officer, the financing marks an important step in advancing the company’s largest U.S. projects so far. She stated that the commitment from Societe Generale and HSBC demonstrates confidence in Zelestra’s strategy, its ability to execute major projects, and its capacity to attract strong financial partners to support its ongoing growth in the U.S. market.
Zelestra is steadily strengthening its role in the U.S. renewable energy sector through innovative, multi-technology solutions designed to meet the needs of hyperscalers and other corporate customers. The company, headquartered in Arlington, Virginia, is currently developing a pipeline of about 15 GW of renewable energy projects across key markets. In February 2026, BloombergNEF recognized Zelestra as one of the top 10 sellers of power purchase agreements to corporate buyers in the United States.
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