Newsroom
Zelestra completes the sale of its Latin America Business Unit to Promigas for $1.1B Enterprise Value
Today we confirm the completion of the sale of our Latin America platform to Promigas, a leading multi-energy holding company based in Colombia. The transaction, valued at c. USD 1.1 billion (including project finance debt), includes approximately 3,500 MW of renewable energy projects in operation, under construction and in development across Chile, Peru and Colombia
Zelestra and EDP sign Spain’s first PPA to hybridise an operational solar plant with battery storage in Cáceres
The first PPA in Spain enabling the hybridisation of an operational solar plant will see a 160 MWh BESS project to enhance the 50 MW Pizarroso solar plant. The deal builds on Zelestra and EDP’s pioneering solar-plus-storage partnership in Spain
Zelestra secures $600 million green financing for 440 MW Texas solar portfolio backed by Meta PPAs
The $600 million project financing credit facility secured with Societe Generale and HSBC will support the delivery of Echols Grove (252 MW) and Cedar Range (187 MW) solar projects in Texas. Both projects are backed by long-term power purchase agreements (PPAs) with Meta.
Zelestra delivers 162 MW Belinchón solar cluster in Spain ahead of schedule, powering pharma decarbonisation
Belinchón I, II and III have a total 162 MW of solar capacity. Delivered in under 14 months by Zelestra’s in-house EPC team, supporting 400 jobs. Supported by a multi-buyer PPA, helping to address scope 2 and 3 decarbonisation in the pharmaceutical sector.
More related news
Zelestra has contracted 1.5 TWh to date under Energy Release 2.0, which includes a long-term agreement with Burgo Group S.p.A., covering 950 GWh
The Villamañán project (19 MWdc) is the third solar plant in Spain to be delivered as part of a clean energy partnership with Graphic Packaging International, supported by a long-term vPPA. Together with the José Cabrera project (50 MWdc) and Socovos II (33 MWdc), over 100 MWdc of new clean energy has been delivered in Spain as part of the partnership. Delivered by Zelestra’s internal EPC division, Villamañán will generate 28,700 MWh of clean energy a year, avoiding over 4,900 tons of CO₂.
The green financing package has been agreed with Natixis Corporate and Investment Banking (Natixis CIB) and BBVA Perú. Babilonia is part of the La Joya complex in Arequipa, Perú, which will have a total capacity of nearly 700 MW.
