Zelestra's 440MW Texas Solar Projects Funded for 2027 Completion – News and Statistics – IndexBox

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Spanish independent power producer Zelestra has obtained six hundred million dollars in green financing for two solar photovoltaic projects in Texas, according to a report by PV Tech. The funding, provided by Societe Generale and HSBC, will support the development, construction, and commissioning of the two facilities, which have a combined capacity of 440 megawatts.
The projects consist of a 252-megawatt plant in Lamar County and a 187-megawatt plant in Hopkins County. These represent the company’s largest such initiatives in the United States to date. Both solar plants will operate under long-term power purchase agreements with Meta, the parent company of Facebook.
The company’s US chief financial officer stated that the financing is a significant milestone, reflecting confidence from the lenders in the firm’s strategy and execution capabilities. It also reinforces the company’s ability to attract capital to support its growth in the US market.
The projects are scheduled to achieve full commercial operation by the end of 2027. Engineering, procurement, and construction work is being handled by McCarthy Building Companies.
Approximately 704,000 bifacial modules will be installed across roughly 2,400 acres. Development and construction activities are anticipated to generate around 400 local jobs.
Headquartered in Arlington, Zelestra is developing a pipeline of roughly 15 gigawatts of renewable energy projects across several key markets. The company’s broader global portfolio includes 21.6 gigawatts of solar capacity, 29.8 gigawatt-hours of battery energy storage systems, and 4.2 gigawatts of wind capacity.
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