Zelestra has secured a $600 million green financing credit facility to support the development of a 440 MW solar portfolio in Texas, marking a major milestone in the company’s U.S. expansion strategy. The financing was arranged with Societe Generale and HSBC and will fund two large-scale solar projects: Echols Grove (252 MW) and Cedar Range (187 MW). Both projects are currently under construction and represent Zelestra’s largest solar developments in the United States to date.
The projects are backed by long-term power purchase agreements with Meta, reinforcing the growing role of corporate buyers in accelerating renewable energy deployment. Across their partnership, Zelestra and Meta have signed PPAs covering seven projects totaling approximately 1.2 GW of capacity, supporting Meta’s goal of matching its operations with 100% clean and renewable energy.
Headquartered in Arlington, Virginia, Zelestra continues to expand its footprint in the U.S. energy market with a diversified pipeline of approximately 15 GW of renewable energy projects. The company focuses on delivering multi-technology energy solutions tailored to large corporate customers, including hyperscalers.
The financing underscores strong institutional confidence in Zelestra’s execution capabilities and growth strategy as it scales its renewable energy platform in key global markets. The company has also gained industry recognition, with BloombergNEF recently ranking it among the top 10 sellers of clean energy to corporate customers in both the U.S. and globally.
KEY QUOTES:
“This financing reflects strong confidence from Societe Generale and HSBC in our strategy and execution capabilities and reinforces our ability to attract first class capital.”
“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 of Zelestra
