Zelestra secures $60M tax equity funding from Stonehenge Capital for 81 MWdc Jasper County Solar Project in Indiana

The $60 million tax equity funding from Stonehenge Capital provides critical upfront capital for Zelestra's 81 MWdc Jasper County Solar Project in Indiana, enabling the development of this utility-scale solar facility. This financing structure allows Zelestra to monetize federal tax credits associated with renewable energy generation, effectively reducing the project's overall cost of capital. Stonehenge Capital's investment secures access to these valuable tax benefits, deploying private capital into a tangible clean energy asset in the United States. The deal's announced date of 2025-10-30 indicates forward planning for this specific financing mechanism. This $60 million commitment directly facilitates the construction and operation of the 81 MWdc solar capacity, aligning with Zelestra's focus on solar projects. Zelestra's receipt of $60 million in tax equity funding directly advances its mission as a clean energy solutions provider, specifically expanding its solar project portfolio with the 81 MWdc Jasper County Solar Project in Indiana. The company co-creates with leading companies, and this utility-scale solar facility supports its broader strategy to decarbonize partners' operations through solar, battery energy storage, wind, and hydrogen projects. Stonehenge Capital, operating as a private capital firm, has committed $60 million to this Indiana solar facility, demonstrating its active deployment of capital into the clean energy sector. While Stonehenge Capital's specific AUM or sector specializations are not publicly disclosed, this financing confirms its role in facilitating large-scale renewable energy infrastructure in the United States. The transaction confirms continued private capital engagement in financing utility-scale solar projects.