- $113M green financing closed with Banco Santander to advance an 81 MWdc solar project in Indiana.
- Meta signs long-term environmental attributes purchase agreement (EAPA), deepening its partnership with Zelestra.
- Zelestra’s U.S. pipeline tops 7 GW, with over 1 GW of fully contracted projects set for construction within two years.
Zelestra has secured a $113 million Senior Secured Credit Facility with Banco Santander to finance its 81 MWdc Jasper County Solar Project in Indiana, a strategic addition to its growing U.S. renewables portfolio. The financing is structured under Zelestra’s Green Financing Framework, which was recently updated with support from BNP Paribas and validated by DNV.
The project has already signed a long-term environmental attributes purchase agreement (EAPA) with Meta, strengthening a growing collaboration between the two companies.
“It is an important milestone to close this financing as we continue to deliver for our customers and grow our presence in the US,” said Sybil Milo Cioffi, Zelestra’s US CFO. “The backing from Banco Santander demonstrates confidence in our strategy and our team. We are also delighted to have the EAPA agreed with Meta, one of six in total we have in partnership with them across the US.”
Zelestra expects the Jasper project to be fully operational by Q4 2025, contributing to its broader U.S. pipeline of nearly 7 GW across solar and battery energy storage systems (BESS). The company was recently ranked among the top 10 global sellers of clean energy to corporate customers by BloombergNEF, and #2 in EMEA.
RELATED ARTICLE: Meta, Zelestra Sign 4 New Renewable Energy Deals, Expanding U.S. Solar Portfolio
“Jasper is leading the way in our delivery of major US projects,” added Cioffi, “with over 1 GW of fully contracted projects advancing towards construction over the next two years.”
For investors and corporate buyers eyeing clean energy expansion, Jasper marks a significant development in Zelestra’s strategic execution in the U.S. market.
Follow ESG News on LinkedIn
The post Zelestra Secures $113 Million Green Financing for Indiana Solar Project Supplying Meta appeared first on ESG News.
