Zelestra secures €130M syndicated equity-bond facility from Santander, supported by ICO and Cesce

Zelestra, a global renewable energy company, has secured a €130 million syndicated equity-bond facility from Santander, with support from ICO and Cesce. This financing is earmarked to support up to 500 MW of contracted international projects in Italy, Germany, and the U.S., encompassing new wind, solar, and battery energy storage capacity. The facility, aligned with Zelestra’s Green Financing Framework, is expected to fund projects entering construction in 2026 and 2027, reinforcing the company's global growth strategy and diversifying its financing operations.

Counterparts (4)

Investor

Zelestra

company · 2 deals

Zelestra is a clean energy solutions provider that co-creates with leading companies. They focus on solar, battery energy storage, wind, and hydrogen projects to decarbonize their partners' operations.

Lender

Santander

company · 7 deals

Banco Santander is a global financial institution offering a range of services including retail banking, corporate and investment banking, asset management, and consumer finance. The company focuses on building lasting loyalty among its shareholders and supporting education, employability, and entrepreneurship.

ICO (Instituto de Credito Oficial)

company · 1 deals

Instituto de Crédito Oficial (ICO) is a corporate state-owned entity attached to the Ministry of Economic Affairs and Digital Transformation in Spain. It provides financing to SMEs and large investment projects, promoting sustainable economic growth.

Cesce (Compañía Española de Seguros de Crédito a la Exportación)

company · 1 deals

Cesce (Compañía Española de Seguros de Crédito a la Exportación) is a Spanish company that provides credit insurance, surety bonds, and export credit agency services. It supports the internationalization of Spanish companies by managing state-backed credit and investment insurance.