Zelestra Secures US$60 million Tax-Equity for 81 MW Jasper County Solar Project

Zelestra, a global renewable energy company, has successfully secured approximately US$60 million in tax equity funding from Stonehenge Capital for its 81 MWdc (60 MWac) Jasper County Solar Project in Indiana, marking a key financial milestone ahead of the project's full operational launch in Q4 of 2025. This funding builds on an earlier US$113 million project financing closed with Banco Santander in April 2025, enabling construction progress on the solar facility, which features a long-term environmental attributes purchase agreement (EAPA) with Meta—this being one of six such partnerships between Zelestra and the tech giant across the US to supply clean energy attributes. The deal highlights growing investor confidence in Zelestra's US strategy, as noted by its US CFO Sybil Milo Cioffi, who emphasized the company's commitment to delivering client-focused projects, including a 1 GW pipeline of fully contracted initiatives slated for operation within two years. Stonehenge Capital's Whitney LaNasa praised the collaboration for advancing national energy infrastructure. Headquartered in Virginia and backed by EQT, Zelestra is expanding its over 10 GW US portfolio of multi-technology renewables tailored for hyperscalers and corporates, recently ranking in BloombergNEF's top 10 global clean energy sellers to corporate customers, while managing a 32 GW carbon-free pipeline worldwide.