Zelestra, a Spain-based renewable energy company, has agreed a €130 million (~ $154.7 million) syndicated equity-bond facility with Santander, supported by ICO and Cesce. The facility will support up to 500 MW of contracted international projects located in Italy, Germany, and the US. The financing will support contracted developments across wind, PV, and BESS. The announcement states that the supported projects are scheduled to enter construction during 2026 and 2027. The financing facility is aligned with Zelestra’s Green Financing Framework and forms part of its international project financing activities. Santander has acted as the lead global lender, with institutional backing provided by Instituto de Crédito Oficial and Compañía Española de Seguros de Crédito a la Exportación. Recently, Zelestra and Meta expanded their US solar PPA portfolio to nearly 1.2 GW (DC).