Zelestra has secured senior debt green financing for two solar projects in Italy. The approximately €13 million package covers the 6.5MWdc Ginosa plant (pictured) in Puglia and the 9.5MWdc Bellomo project in Sicily.
The transaction was signed with Italian bank BPER and marks financial signing for the company’s first two solar projects in Italy, according to Zelestra.
Both projects have long-term PPAs agreed with BKW, a Swiss energy and infrastructure group, reinforcing their revenue stability and investment-grade profile, the company stated.
Together, the Ginosa and Bellomo plants will displace an estimate of 8,500 tons of CO2 emission per year and generate enough clean electricity to power the equivalent of 10,000 Italian homes.
Eliano Russo, CEO at Zelestra Italia, said: “Signing our first financing agreement in Italy with a reputable institutional partner such as BPER represents a key milestone and a strong endorsement of Zelestra’s bankability and disciplined approach to project development and execution. We are grateful for the trust placed in our team and platform. We now remain focused on actively doubling our 1.4 GW Italian pipeline in 2026 and bringing many more solar and BESS projects into construction.”
Recently Zelestra secured contracts for nine projects in Italy’s FER X auctions that will allow new solar capacity of up to 168MW to be constructed.
Italy is one of Zelestra’s fastest growing markets, with a portfolio of more than 1.4GW of BESS and solar projects in total.