Zelestra has agreed a €130m syndicated equity-bond facility with Santander supported by ICO and Cesce.
Zelestra said the financing could support about 500MW of contracted wind, solar and battery storage projects in Italy, Germany and the US due to enter construction in 2026 and 2027.
According to the company, the deal diversifies its financing operations and reinforces financial sector confidence in its global strategy.
Xavier Puig, chief financial officer at Zelestra, said: “As we continue to deliver substantial growth globally based on Zelestra’s customer-centric strategy, we are delighted to have the backing of major international lenders and credit agencies.”
Puig added: “This facility will support our growth and our ability to deliver major clean energy projects for our customers and communities in our global markets.”
Zelestra noted that Cesce manages credit and investment insurance on behalf of the Spanish state.