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Banco Santander served as the sole arranger of the facility, which is expected to be fully operational by Q4 2025. Zelestra has successfully closed a $113m (€99.46m) project financing credit facility for its 81MWdc (megawatts direct current) Jasper County solar plant in Indiana, US. Banco Santander served as the sole arranger of the facility, which is expected to be fully operational by the fourth quarter of 2025 (Q4 2025). The financing marks a significant step in the company’s US project pipeline, which includes nearly 7GW of solar and battery energy storage system (BESS) projects. The Jasper County solar plant has secured a long-term environmental attributes purchase agreement (EAPA) with Meta, ensuring a steady revenue stream upon completion. The financing obtained is classified as ‘green’ under Zelestra’s Green Financing Framework, which has been validated by DNV with the support of BNP Paribas. Zelestra US CFO Sybil Milo Cioffi said: “It is an important milestone to close this financing as we continue to deliver for our customers and grow our presence in the US. The backing from Banco Santander demonstrates confidence in our strategy and our team. |
