Zelestra agrees €130M syndicated equity‑bond facility with Santander, supported by ICO and Cesce

• The €130 million syndicated equity-bond facility will support up to 500 MW of contracted international projects in Italy, Germany, and the U.S. – aligned with Zelestra’s Green Financing Framework.
• The facility has been agreed with leading global lender Santander, supported by ICO (Instituto de Credito Oficial) and Cesce (Compañía Española de Seguros de Crédito a la Exportación).

Zelestra, a global, multi-technology, customer-focused renewable energy company, has agreed a €130 million syndicated equity-bond with Santander, supported by ICO (Instituto de Credito Oficial) and Cesce (Compañía Española de Seguros de Crédito a la Exportación).

The facility could support approximately 500 MW of contracted projects in Italy, Germany and the U.S. that will enter construction in 2026 and 2027, where the company is developing new wind, solar and battery energy storage capacity. As well as diversifying Zelestra’s financing operations, the facility reinforces the confidence of the financial sector in Zelestra’s global strategy.

Xavier Puig, Zelestra’s CFO, said: “As we continue to deliver substantial growth globally based on Zelestra’s customer-centric strategy, we are delighted to have the backing of major international lenders and credit agencies. This facility will support our growth and our ability to deliver major clean energy projects for our customers and communities in our global markets.”

Cesce, as the Spanish Export Credit Agency (ECA), manages credit and investment insurance on behalf of the State, overseeing the political, commercial and extraordinary risks associated with the internationalisation of Spanish companies.

About Zelestra

Zelestra is a vertically integrated company specializing in the development, commercialization, construction and operation of large-scale renewable energy projects. Recently ranked among the top 10 sellers of clean energy to corporate customers globally by Bloomberg New Energy Finance (BNEF), the group is backed by EQT, one of the world’s largest funds, with €270 billion in assets under management.