Zelestra inaugurates 435 MW Solar Project in India

Zelestra announced the full commercial operations of the 435 MWdc Gorbea solar project in the state of Rajasthan, India.

In September 2024, Zelestra secured a EUR 132 million (US$ 147.2 million) project financing package. The financing has been signed with HSBC, Credit Agricole, MUFG and Bank of America. Delivered in under 8 months, the project was enabled by a 25-year PPA signed with Solar Energy Corporation of India (SECI). Gorbea will generate 755 GWh of clean energy annually, powering the equivalent of 128,000 Indian households. It will also help to avoid the emission of approximately 13.3 million tonnes of carbon over the lifetime of the project.

Sajay K. V., CEO of Zelestra India, said: "Gorbea showcases our ability to engineer execution-focused solutions and deliver major projects ahead of time and below budget. Thanks to SECI’s commitment to clean energy, Gorbea has already delivered many economic and social benefits. Over the next 25+ years, Gorbea will be delivering a positive impact to the environment and supporting the energy transition underway across India”.