Zelestra’s sustainability-linked loan grows to €770 million, backed by 11 global lenders.
Facility extended by one year to 2029 with improved terms and conditions.
Funding to accelerate renewable energy expansion in six key global markets.
Zelestra, a global multi-technology renewable energy company, has secured an additional €235 million to expand its sustainability-linked loan facility, bringing the total to €770 million. The facility, initially signed in 2023 and increased in 2024, has also been extended by one year and will now mature in 2029.
Supported by 11 leading international banks — all existing lenders — the upsized facility incorporates improved terms and conditions, reflecting robust lender confidence in Zelestra’s growth strategy and long-term vision.
“This increased financial capacity will enhance our ability to deliver the wind, solar and battery storage solutions that our clients need,” said Xavier Puig, Zelestra’s CFO. “Zelestra’s customer-centric strategy is accelerating our growth in all our key markets. Our customers trust us to deliver the clean energy solutions they need, and we are pleased that these major lenders also continue to trust in our strategy and our outlook.”
The additional funding will support the development of new wind, solar, and battery storage projects in Zelestra’s six strategic markets: the United States, Germany, Spain, Italy, Latin America, and India.
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The move consolidates the company’s financial standing, improves its credit profile, and secures vital resources for future challenges and opportunities.
By the end of 2023, Zelestra had expanded its contracted global portfolio from 1 GW to 5.4 GW in under two years. The company is targeting 9 GW of contracted projects by 2026, further reinforcing its rapid growth trajectory.
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