• The 81 MWdc Jasper County Solar plant is located in Jasper County, Indiana.
• Zelestra has closed a $113 million Senior Secured Credit Facility with Banco Santander.
• The Project has long-term environmental attributes purchase agreement (EAPA) with Meta.

Zelestra, a global, multi-technology, customer-focused renewable energy company, has closed a $113 million project financing credit facility for its 81 MWdc Jasper County Solar Project (Project) in the US. Banco Santander acted as the sole arranger of the Facility.

Located in Jasper County, Indiana, the Project has long-term environmental attributes purchase agreement (EAPA) with Meta. It is anticipated that the project will be fully operational in Q4 2025.

The facility is designated as green financing under Zelestra’s Green Financing Framework. Validated by DNV, and assisted by BNP Paribas, the recently updated framework outlines how Zelestra intends to execute financial transactions that qualify as green financing, direct investments towards projects that generate a positive impact and accelerate the transition to a low-carbon economy.

Sybil Milo Cioffi, Zelestra’s US CFO, said: “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.”

Zelestra has a US project pipeline of nearly 7 GW consisting of solar and BESS projects.  The company was recently named among the top 10 sellers of clean energy to corporate customers globally by BloombergNEF (BNEF), and number 2 in Europe, Middle East and Asia.

About Zelestra

With a portfolio of 29 GW of carbon-free projects in 13 countries (5 GW contracted with customers and in operations, construction, or pre-construction stage) Zelestra is a vertically integrated company specializing in the development, commercialization, construction and operation of large-scale renewable energy projects. The company is backed by EQT, one of the world’s largest funds, with more than €269 billion in assets under management.