Zelestra Secures $181M Financing for Texas Solar Project
Zelestra has secured $181 million in green financing to support the construction of its 176MW Skull Creek solar power plant located in Anderson County, Texas. The funding was arranged by Natixis Corporate and Investment Banking (Natixis CIB) and is backed by a long-term power purchase agreement with Meta known as the Meta PPA Skull Creek. Commissioning of the project is expected to be completed by the end of next year. The construction phase will create approximately 200 jobs and contribute an estimated $8.2 million in economic benefits for Anderson County. Zelestra, based in Arlington, Virginia, has a broader development pipeline totaling 16GW across multiple U.S. markets, with over 2GW already contracted and around 1GW currently under construction. Zelestra's partnership with Meta includes the Skull Creek PPA signed earlier this year as part of an ongoing renewable energy collaboration aimed at achieving 100% renewable-powered operations for Meta by 2028. The two companies have agreements covering approximately 1.2 GWdc across seven U.S. projects, all expected to be operational by that date.
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Topics: clean_energy project_financing solar_power