Zelestra Secures Green Financing to Power 81 MW Solar Project with Meta Partnership – EQ
In Short : Zelestra has secured $113 million in green financing from Banco Santander for its 81 MW Jasper County Solar Project in Indiana, set to be operational by late 2025. The project includes a long-term energy agreement with Meta and supports Zelestra’s 7 GW U.S. pipeline. This deal marks a key step in expanding sustainable energy across the U.S.
In Detail : Zelestra, a global renewable energy firm, has secured $113 million in project financing for its 81 MWdc Jasper County Solar Project in Indiana, United States. The financing was arranged solely by Banco Santander and is designated as green under Zelestra’s Green Financing Framework, which was validated by DNV and supported by BNP Paribas.
The solar project is scheduled to become operational in the fourth quarter of 2025. It features a long-term Environmental Attributes Purchase Agreement (EAPA) with Meta, making it one of six such collaborations between Zelestra and Meta across the country. This partnership highlights the growing role of corporate buyers in advancing clean energy deployment.
Zelestra’s U.S. operations are expanding rapidly, with nearly 7 gigawatts of solar and battery energy storage projects in its pipeline. Over 1 GW of this capacity is already fully contracted and moving toward construction within the next two years, signaling strong market momentum and investor confidence in the company’s strategy.
Sybil Milo Cioffi, Zelestra’s U.S. Chief Financial Officer, emphasized that closing this financing marks a significant milestone. She credited Banco Santander’s support as a key endorsement of the company’s financial strength and strategic vision in the renewable energy space. She also underlined Meta’s role in accelerating the clean energy transition through long-term procurement agreements.
The Jasper County project aligns with Zelestra’s commitment to contributing to a low-carbon economy. Through its Green Financing Framework, the company ensures that financial transactions are directed toward environmentally beneficial projects, reinforcing its sustainability-driven mission and business model.
This latest development solidifies Zelestra’s position as a leading player in the U.S. renewable energy sector. By securing substantial financing and establishing strong corporate partnerships, the company continues to scale its clean energy footprint and support the country’s broader decarbonization goals.
