Zelestra has agreed a €130m syndicated equity-bond facility with Santander, backed by Spain’s Instituto de Crédito Oficial (ICO) and export credit agency Cesce.
The company said the financing is expected to support around 500MW of contracted wind, solar and battery storage projects across Italy, Germany and the United States, with construction scheduled to begin in 2026 and 2027.
According to Zelestra, the facility strengthens its capital structure, diversifies its financing sources and underlines growing confidence from the financial sector in its global growth strategy.
Xavier Puig, chief financial officer at Zelestra, said the agreement reflects strong backing for the company’s customer-focused approach.
“As we continue to deliver substantial growth globally based on Zelestra’s customer-centric strategy, we are delighted to have the backing of major international lenders and credit agencies,” Puig said.
He added that the facility will play a key role in enabling project delivery across multiple markets.
“This facility will support our growth and our ability to deliver major clean energy projects for our customers and communities in our global markets,” Puig stated.
Zelestra noted that Cesce manages credit and investment insurance on behalf of the Spanish state.
