Zelestra secures €130M syndicated equity-bond facility

By Global Infrastructure Sherpa · Feb 9, 2026

Financing WindSolarStorage signed

USD130M

Deal Value

500 MW

Capacity

construction

Stage

Zelestra has agreed to a €130 million syndicated equity-bond facility with Santander, supported by ICO and Cesce. The financing will support up to 500 MW of contracted international renewable energy projects in Italy, Germany, and the U.S. The facility aligns with Zelestra’s Green Financing Framework and reinforces the financial sector's confidence in Zelestra's global strategy. The projects are expected to enter construction in 2026 and 2027, focusing on wind, solar, and battery energy storage capacity.

Counterparts (5)

borrower

company · 2 deals

Zelestra is a clean energy solutions provider that co-creates with leading companies. They focus on ...

Lender

company · 7 deals

Banco Santander is a global financial institution offering a range of services including retail bank...

Other

ICO (Instituto de Credito Oficial)

company · 1 deals

Instituto de Crédito Oficial (ICO) is a corporate state-owned entity attached to the Ministry of Eco...

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 ...

Investor

company · 4 deals

EQT is an investment organization committed to creating value by finding good companies and helping ...

Market Context

This deal is part of the Wind, Solar, Storage sector.

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