1 month ago
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GlobalData
Fri, Apr 25, 2025, 8:26 AM 2 min read
In This Article:
Zelestra has successfully closed a $113m (€99.46m) task financing recognition installation for its 81MWdc (megawatts nonstop current) Jasper County star works successful Indiana, US.
Banco Santander served arsenic the sole arranger of the facility, which is expected to beryllium afloat operational by the 4th fourth of 2025 (Q4 2025).
The financing marks a important measurement successful the company's US task pipeline, which includes astir 7GW of star and artillery vigor retention strategy (BESS) projects.
The Jasper County star works has secured a semipermanent biology attributes acquisition statement (EAPA) with Meta, ensuring a dependable gross watercourse upon completion.
The financing obtained is classified arsenic 'green' nether Zelestra's Green Financing Framework, which has been validated by DNV with the enactment of BNP Paribas.
Zelestra US CFO Sybil Milo Cioffi said: “It is an important milestone to adjacent this financing arsenic we proceed to present for our customers and turn our beingness successful the US. The backing from Banco Santander demonstrates assurance successful our strategy and our team.
“We are besides delighted to person the EAPA agreed with Meta, 1 of six successful full we person successful concern with them crossed the US. Jasper is starring the mode successful our transportation of large US projects, with implicit 1GW of afloat contracted projects advancing towards operation implicit the adjacent 2 years.”
Zelestra, backed by Swedish backstage equity steadfast EQT, specialises successful the development, commercialisation, operation and cognition of large-scale renewable vigor projects.
It has portfolio of 29GW of carbon-free projects successful 13 countries, of which 5GW is contracted with customers and successful the operations, operation oregon pre-construction stage.
Last month, Zelestra expanded its portfolio done a firm and dispatchable renewable vigor declaration with Indian nationalist assemblage entity Satluj Jal Vidyut Nigam for a 500MW hybrid task successful Solapur, Maharashtra.
The Solapur task volition harvester 250MWdc of star capacity, 180MW of upwind powerfulness and a 90 megawatt-hour BESS.
"Zelestra finalises $113m recognition installation for Indiana star project" was primitively created and published by Power Technology, a GlobalData owned brand.
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