• Zelestra intensifies its commitment to sustainable development, decarbonisation and social responsibility in the country

• Forética works to integrate environmental, social and good governance in companies and organisations strategy

Zelestra, a global, multi-technology, customer-focused renewable energy company, is progressing in its commitment to contribute to sustainable development and decarbonisation by becoming a strategic promoting partner of Forética, strengthening the collaboration between both entities, since 2022.

As a promoting strategic partner, the company also joins the Spanish Business Council for Sustainable Development, whose mission is to lead business initiatives that facilitate the exchange of trends, challenges and solutions in the framework of sustainability.

In this regard the company, rated in 2023 as the world’s most sustainable utility by the prestigious Morningstar Sustainalytics rating agency, is taking on a more active role within Forética, participating in clusters, action groups and activities related to social, environmental and governance factors. This increased cooperation with other network partners will focus on developing long-term strategic solutions, driving the transition to a more responsible and sustainable business model on a large scale.

The company is strategically expanding from solar-focused company to a global multi-technology platform for energy generation and storage, including solar, wind, batteries and green hydrogen. The company has also reinforced its commitment to decarbonisation with an ambitious €5 billion investment plan to quadruple its size by 2026.

Its in this line of profound strategic change the recent launch of its new brand, Zelestra, a combination of the Latin words ‘celes’, meaning fast, and ‘astra’, meaning stars, reflects its ambition to “be fast and agile, to push the limits and aim for the stars”. The new brand is intrinsically linked to its aim to support its customers in their decarbonisation goals. Thus, e company positions itself as a reliable, trusted and collaborative, customer-focused partner offering tailor-made solutions, with a key emphasis on innovation, integrity and excellence.

Acquired in 2021 by Swedish fund EQT, one of the world’s largest with $246 billion in assets, Zelestra develops, builds and operates renewable energy generation projects. Founded in 2005 in Bizkaia and with 953 employees, Zelestra has a diversified project portfolio of 23 GW in 13 countries. Organised around five Business Units for each of its core markets (Southern Europe, Germany, Latin America, USA and India), Zelestra is positioned as a global and local entity, combining worldwide capabilities with local market knowledge, enabling it to lead the transition to clean energy and generate value for all stakeholders.

In the words of Leo Moreno, CEO of the company:”Zelestra is embarking on a period of growth and global expansion, maintaining our focus on sustainability as a hallmark of the company and delivering value to all stakeholders. We are therefore delighted to strengthen our alliance with Forética, as it aligns with our goal of leading a carbon-free future for our customers and the planet”.

About Zelestra

With a portfolio of 23 GW of carbon-free projects across 13 countries, Zelestra is a vertically integrated company specializing in developing, constructing, commercializing, and operating large-scale renewable energy projects. Zelestra is made up of 953 professionals globally. It is backed by EQT, one of the largest fund managers in the world, with USD 246bnin assets under management.