Zelestra has secured $600 million in green financing to support the development of a 440 MW solar portfolio in Texas, marking a major milestone in the company’s U.S. expansion.
The financing package was arranged with Société Générale and HSBC, and will fund two large-scale solar projects, Echols Grove with 252 MW capacity and Cedar Range with 187 MW capacity. Both projects are currently under construction and represent Zelestra’s largest U.S. developments to date.
A key component of the financing is the backing of long-term power purchase agreements with Meta. These agreements are part of a broader partnership between Zelestra and Meta that spans seven projects totaling approximately 1.2 GW. The collaboration supports Meta’s ongoing efforts to match its operations with 100% renewable energy and to bring new clean power generation onto the grid.
Zelestra, headquartered in Arlington, Virginia, is continuing to strengthen its presence in the U.S. renewable energy market through large-scale, multi-technology solutions designed for hyperscalers and enterprise customers. The company is currently developing a pipeline of around 15 GW of renewable energy projects across key markets.
The company has also gained recognition for its growing role in corporate clean energy procurement. In February 2026, BloombergNEF ranked Zelestra among the top 10 sellers of power purchase agreements to corporate buyers in the United States.
Zelestra is backed by EQT, which manages approximately €270 billion in assets, providing strong financial support for its continued global expansion.
KEY QUOTE:
“This financing marks a significant milestone in the delivery of our largest U.S. solar projects to date. It reflects strong confidence from Societe Generale and HSBC in our strategy and execution capabilities and reinforces our ability to attract first class capital to support our growth platform in the U.S. market.”
Sybil Milo Cioffi, US CFO, Zelestra
