Zelestra has finalised a syndicated equity-bond facility worth approximately €130 million with Santander, with support from Instituto de Credito Oficial and Compañía Española de Seguros de Crédito a la Exportación. The financing arrangement is structured to align with the company’s Green Financing Framework and is intended to back the development of contracted renewable energy assets across multiple international markets.
The financing is expected to support around 500 MW of contracted projects located in Italy, Germany, and US. These projects are scheduled to enter the construction phase during 2026 and 2027. The supported portfolio includes new wind, solar, and battery energy storage systems (BESS) being developed by Zelestra in these regions.
In December 2025, Zelestra signed an agreement to sell its Latin America platform to Promigas S.A. The platform comprises 1,400 MW of contracted solar and BESS capacity, of which 1,000 MW includes projects that are either operational or under construction. Additionally, the company has a development pipeline of more than 2,100 MW of renewable capacity across 19 projects across Chile, Peru and Colombia.
