Zelestra, a Spain-based renewable energy company, has secured approximately €13 million (~ $15.21 million) in senior debt green financing from Banca Popolare dell'Emilia Romagna (BPER). The financing supports construction of Zelestra's initial Italian solar projects, including the 6.5 MW DC Ginosa plant located in Puglia and the 9.5 MW DC Bellomo plant situated in Sicily. Each of these plants operates under long-term PPA with the Swiss firm BKW. The installations collectively, are anticipated to provide electricity for around 10,000 Italian households  and to displace 8,500 tons of CO2 emissions each year. Zelestra intends to double its 1.4 GW Italian pipeline during 2026 amid ongoing solar and BESS advancements. The company recently won contracts for a major project along with 8 other projects through Italy’s FER X auctions, paving the way for up to 168 MW additional solar capacity.