Zelestra raises €235 million to scale global energy assets

Zelestra, a Netherlands-based vertically integrated renewable energy developer, has secured a €235 million increase to its corporate facility. Zelestra said that the total size of the sustainability-linked facility has reached €770 million (~ $907 million) with improved terms and maturity extended until 2029. Zelestra confirmed that all 11 participating banks were existing lenders, reflecting their continued support. The funding will support solar, wind, and BESS expansion across the US, Germany, Spain, Italy, Latin America, and India. Zelestra has increased its contracted renewable capacity from 1 GW in 2023 to 5.4 GW within two years. Zelestra targets 9 GW of contracted projects by 2026 as part of its global expansion. The company operates across 13 countries with a total carbon-free project portfolio of approximately 29 GW. Earlier this year, Zelestra secured $282 million for a 220 MW solar and storage project in Chile.