Zelestra Crosses $1 Billion in US Financing for 2026 with Meta-Backed Solar Deal

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Renewable energy firm Zelestra has successfully closed $350 million in green credit facilities for the 203 MW Reclamation Solar project located in Gibson County, Indiana. The transaction propels Zelestra past the $1 billion threshold in total US project financing for 2026, advancing over 800 MW of new solar capacity nationwide. Situated on a remediated former coal mine, the facility is supported by a long-term power purchase agreement with Meta and is scheduled to commence operations by late 2027. Financial backing was provided by CIBC, BBVA, and Societe Generale, creating approximately 200 peak construction jobs. Zelestra, headquartered in Arlington, Virginia, continues to scale its US operations, backed by EQT and its extensive 16 GW development pipeline across key regional markets.

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Gelestra announced the completion of 350 million dollars in green financing for the 203 MW Reclamation solar project, backed by Meta's long-term power purchase agreement (PPA). With this financing, cumulative US project financing in 2026 has surpassed 1 billion dollars, accelerating the construction of over 800 MW of new solar power. The simultaneous expansion of green energy infrastructure and big tech's power demand is increasing investment attractiveness in related industries.

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Gelestra's successful 350 million dollar solar project financing proves the stable fundraising capability of the renewable energy sector, and coupled with hyperscaler power demand expansion like Meta's, it acts as a direct positive catalyst for related companies' revenue growth. In particular, the participation of global banks such as BBVA and CIBC is improving green infrastructure investment sentiment.

Key indicators moving forward will be additional project orders and whether the 2027 completion target is met, while attention must also be paid to interest rate volatility and large tech companies' power contract trends.

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