Zelestra secures PPA with Celepsa for Babilonia solar project

Zelestra's securing of a long-term power purchase agreement (PPA) with Celepsa, part of Grupo UNACEM, for the 242 MWdc Babilonia solar project in Arequipa, Peru, represents a significant step for the company in expanding its renewable energy footprint. The PPA will supply regulated, mining, and industrial customers, indicating a diversified revenue stream for the project. This deal underscores the growing demand for clean energy solutions in Peru, particularly from energy-intensive sectors like mining and industry. The Babilonia solar project, once operational, will contribute substantially to Peru's renewable energy capacity. Zelestra's expertise in solar, battery energy storage, wind, and hydrogen positions them well to capitalize on the increasing demand for clean energy solutions in the region. The partnership with Celepsa, a part of Grupo UNACEM, provides Zelestra with a reliable offtaker and access to a diverse customer base. While the financial details of the PPA remain undisclosed, the size of the project suggests a substantial investment and a long-term commitment to renewable energy in Peru.