Zelestra, a global renewable energy company focused on delivering multi-technology solutions for corporate and hyperscale clients, announced that it has closed a $60 million tax equity investment from Stonehenge Capital for its 81 MWdc (60 MWac) Jasper County Solar Project in Indiana. The project is expected to become fully operational in the fourth quarter of 2025.

The Jasper County Solar Project includes a long-term environmental attributes purchase agreement (EAPA) with Meta, one of six such agreements between the two companies across the United States. This milestone follows Zelestra’s April 2025 announcement that it secured $113 million in project financing from Banco Santander for the same facility.

Once operational, the Jasper County project will contribute to Meta’s broader clean energy commitments and further position Zelestra as a key partner in delivering reliable, carbon-free power solutions. The collaboration with Stonehenge Capital reinforces investor confidence in Zelestra’s strategy and execution capacity.

Headquartered in Arlington, Virginia, Zelestra is advancing more than 10 GW of renewable energy projects across the United States and has been recognized by BloombergNEF as one of the world’s top ten sellers of clean energy to corporate customers. Globally, the company manages approximately 32 GW of carbon-free projects across six major markets, with 6.8 GW already contracted and in various stages of operation, construction, or pre-construction.

Zelestra’s growth is supported by EQT, one of the world’s largest private investment firms, with over €266 billion in assets under management. The company’s ongoing partnerships and investments highlight its commitment to developing the next generation of sustainable energy infrastructure that meets the growing demand for clean power.

KEY QUOTES:

“We’re delighted to partner with Stonehenge Capital, a leading provider of tax equity in the US, which underscores the financial community’s strong confidence in Zelestra. This marks another significant milestone in our commitment to deliver projects that meet our clients’ needs. We look forward to celebrating the completion of Jasper later this year, and to advancing our 1 GW of fully-contracted projects now moving toward construction and expected to be operational in the next two years.”

Sybil Milo Cioffi, US CFO, Zelestra

“The collaboration with Zelestra exemplifies Stonehenge Capital’s focus on supporting energy infrastructure throughout the nation. We look forward to working alongside Zelestra, a distinguished name in global energy, to bring this project to operations.”

Whitney LaNasa, Senior Managing Director, Stonehenge Capital