The Jasper County solar project has a long-term environmental attributes purchase agreement with Meta, marking one of six such agreements between Zelestra and Meta across the United States. The financing is classified as green under Zelestra’s Green Financing Framework, which was recently updated with validation from DNV and support from BNP Paribas. This framework guides Zelestra in pursuing financial transactions that support environmentally positive projects and contribute to a low-carbon economy.
The project represents a significant step in Zelestra’s expansion in the U.S. market, where the company manages a pipeline of nearly 7 gigawatts of solar and battery projects. Over the next two years, Zelestra plans to advance more than 1 gigawatt of fully contracted projects toward construction, with the Jasper County initiative leading the way.
“It is an important milestone to close this financing as we continue to deliver for our customers and grow our presence in the US,” said Sybil Milo Cioffi, Zelestra’s US CFO. “The backing from Banco Santander demonstrates confidence in our strategy and our team. We are also delighted to have the EAPA agreed with Meta, one of six in total we have in partnership with them across the US. Jasper is leading the way in our delivery of major US projects, with over 1GW of fully contracted projects advancing towards construction over the next two years.”
Zelestra’s efforts align with its commitment to sustainable energy solutions, channeling investments into projects that promote environmental benefits. The collaboration with Banco Santander and Meta underscores the confidence in Zelestra’s approach to renewable energy development. The Jasper County project is poised to contribute to the region’s clean energy goals while supporting Zelestra’s broader mission to expand its renewable energy portfolio across the United States.
