Zelestra, a Spanish renewable energy company, has successfully secured a €146.6 million senior debt package to fund the development of six solar parks across Spain. These projects, which will produce a total of 237 MWdc of energy, are located in Belinchón and Brazatortas.
The financing, structured as a green loan, aligns with sustainability principles and was arranged by a syndicate of banks. It will cover both the construction and long-term operation of the solar assets.
Once completed, the solar parks will contribute significantly to Spain’s energy transition by generating large amounts of renewable electricity. These projects will help reduce CO₂ emissions annually, supporting Spain’s commitment to clean energy. With a combined capacity capable of powering around 150,000 Spanish households each year, the parks will play a vital role in reinforcing Zelestra’s expanding presence in the European renewable energy market.
Luis Alvargonzalez, Zelestra’s Country Manager in Spain, remarked, “Closing this major financing agreement is an important step in delivering these large-scale solar projects on time and on budget for our customers. We are very pleased that the financial community has confidence in Zelestra’s strategy and our team, and we thank BNP Paribas and Rabobank for their support. With construction taking shape, these projects will support hundreds of jobs over the next year and make an important contribution to Spain’s decarbonisation goals.”
This significant step highlights Zelestra’s role in advancing Spain’s renewable energy future and supporting the country’s decarbonisation targets.
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