Zelestra has finalised a $600 million green financing credit facility to fund the construction of two significant solar plants in Texas. The agreement, reached with Societe Generale and HSBC, will support the Echols Grove (252 MW) and Cedar Range (187 MW) projects, which represent the company’s largest US developments to date.
Both Texas sites are backed by long-term power purchase agreements (PPAs) with Meta. These projects form part of a broader 1.2 GW partnership between Zelestra and Meta, spanning seven projects designed to support the technology giant’s goal of matching its global operations with 100% renewable energy.
The financing follows a period of rapid growth for the Virginia-headquartered firm. In February 2026, BloombergNEF ranked Zelestra among the top 10 sellers of corporate PPAs in the United States, reflecting its increasing influence in providing multi-technology energy solutions to large-scale corporate partners. The company currently manages a development pipeline of approximately 15 GW across key global markets.
Sybil Milo Cioffi, Zelestra’s US CFO, stated that the financing marks a significant milestone in the delivery of the firm’s largest US solar projects. She noted that the deal reflects strong confidence from Societe Generale and HSBC in Zelestra’s strategy and execution capabilities, reinforcing the company’s ability to attract top-tier capital to support its growth in the American market.
