Renewable energy company Zelestra agrees $154m funding with Santander

Renewable energy company Zelestra has agreed a €130m ($154m) syndicated equity-bond facility with Santander, with backing from Instituto de Credito Oficial (ICO) and Spain's official export credit agency, CESCE. This financial arrangement is intended to support the development of approximately 500MW of contracted renewable energy projects in Germany, Italy and the US. These projects, which include wind, solar and battery energy storage capacities, are expected to begin construction in 2026 and 2027. Th ...