Zelestra has secured an additional €235 million to its existing sustainability-linked loan, raising the total facility to €770 million. The financing, extended by one year through 2029, is supported by 11 international banks that have reaffirmed their backing of the company’s long-term strategic vision.
Originally launched in 2023 and increased in 2024, the upsized loan agreement includes improved terms and will provide the company with expanded capital to develop clean energy infrastructure across its six priority markets: the United States, Germany, Spain, Italy, Latin America, and India.
Zelestra said the expanded facility will be deployed to scale up wind, solar, and battery storage capacity. The company’s contracted portfolio has grown five-fold in under two years, from 1 GW at the end of 2023 to 5.4 GW currently. It aims to reach 9 GW by 2026.
The new financing arrangement is expected to strengthen Zelestra’s credit profile, provide enhanced liquidity, and support ongoing project development across its international operations.
“Our customers trust us to deliver the clean energy solutions they need,” said Zelestra CFO Xavier Puig. “This increased financial capacity will enhance our ability to deliver the wind, solar and battery storage solutions that our clients need.”
