Zelestra has secured approximately $60 million in tax equity funding from Stonehenge Capital for the 81 MWdc (60 MWac) Jasper County Solar Project, located in Indiana, USA. According to the company, the project has a long-term Environmental Attributes Purchase Agreement (EAPA) with Meta, one of six such agreements between the two companies across the United States.

The Jasper County Solar Project is currently under development and is expected to be fully operational in the fourth quarter of 2025. This milestone follows the company’s announcement in April 2025 that it had closed a $113 million project financing for Jasper with Banco Santander, further strengthening the project’s financial foundation.

Zelestra’s US CFO, Sybil Milo Cioffi, stated that partnering with Stonehenge Capital “underscores the financial community’s strong confidence in Zelestra” and marks “another significant milestone in our commitment to deliver projects that meet our clients’ needs.” She added that the company looks forward to “celebrating the completion of Jasper later this year and advancing our 1 GW of fully contracted projects now moving toward construction and expected to be operational within the next two years.”

Whitney LaNasa, Senior Managing Director at Stonehenge Capital, said that “the collaboration with Zelestra exemplifies Stonehenge Capital’s focus on supporting energy infrastructure throughout the nation,” adding that they “look forward to working alongside Zelestra, a distinguished name in global energy, to bring this project to operations.”

Zelestra continues to strengthen its presence in the US renewable energy market with innovative, multi-technology solutions designed to meet the evolving needs of hyperscalers and corporate partners. Headquartered in Arlington, Virginia, the company is currently developing a robust portfolio exceeding 10 GW of renewable energy projects across key markets.

According to BloombergNEF (BNEF), Zelestra was recently ranked among the top 10 global sellers of clean energy to corporate customers, reflecting its growing role in advancing the energy transition worldwide.