Zelestra, a global, multi-technology, customer-focused renewable energy company, has secured a $600 million green financing credit facility with Societe Generale and HSBC for the Echols Grove (252 MW) and Cedar Range (187 MW) solar projects in Texas.
The projects, Zelestra’s largest to-date in the U.S., are both backed by long-term power purchase agreements (PPAs) with Meta and are currently under construction.
Zelestra and Meta have PPAs for seven projects in total (aggregating 1.2 GW), which aid Meta’s efforts to add new generation to the grid and to continue matching their operations with 100% clean and renewable energy.
Also Read: Budderfly Expands Debt Facility to $550 Million to Scale its Energy as a Service Platform
Sybil Milo Cioffi, Zelestra’s US CFO, said: “This financing marks a significant milestone in the delivery of our largest U.S. solar projects to date. It reflects strong confidence from Societe Generale and HSBC in our strategy and execution capabilities and reinforces our ability to attract first class capital to support our growth platform in the U.S. market”.
Zelestra is advancing its position in the U.S. energy landscape with innovative, multi-technology solutions tailored to the evolving needs of hyperscalers and other corporate partners. Headquartered in Arlington, Virginia, the company is developing a robust portfolio of approximately 15 GW of renewable energy projects across key markets. In February 2026 BloombergNEF ranked Zelestra as one of the top 10 sellers of PPAs to corporate customers in the U.S.
SOURCE: Businesswire
