Echols Grove Solar (253 MWdc, Lamar County TX) + Cedar Range Solar (188 MWdc, Hopkins County TX) — 441 MWdc combined, long-term PPAs with Meta
$600M green project financing credit facility for Zelestra's two largest US solar projects to date. Both projects broke ground January 2026 with McCarthy Building Companies as EPC; COD targeted end of 2027. Projects backed by long-term Meta PPAs (part of a broader 7-project, 1.2 GWdc Zelestra-Meta partnership). Facility structured as green credit per ICMA Green Bond/Loan Principles. The underlying PPAs were announced March 5, 2026 (see ppa-2026-002).
$600M
Deal Value
441MW
Capacity
Solar
Technology
TX
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Zelestra (formerly X-Elio; EQT-backed)
- Buyer / Financier
- Société Générale, HSBC
- Offtaker
- Meta
- Deal Value
- $600M
- Stage
- Under Construction
- ISO/RTO
- ERCOT
- Source
- BusinessWire / Zelestra
Capital Structure
$600M
Total transaction value
Tranches
- Green Project Financing Credit Facility · Societe Generale and HSBC
- $600M
Finance Counterparties
Lenders & Capital Providers
- Coord. Lead Arranger
- Société Générale, HSBC
- Lead Arranger
- Société Générale, HSBC
Related Deals
Rattlesnake Creek Wind — 320 MW wind, NE (SPP)
Enel Green Power → Adobe/Facebook (Meta)
Casa Mesa Wind — 50 MW onshore wind, New Mexico
PNM (Public Service Co. of New Mexico) → Meta (Facebook)
TVA Green Invest 5-site Tennessee Solar Portfolio (Madison/Lincoln/Bedford counties) — 377 MW solar, Tennessee (TVA)
Silicon Ranch → TVA + Meta (Facebook) (Green Invest)
Solaire Holman 1 — Solar project, TX (ERCOT), 50 MW, COD 2017.
Public Utilities
East Pecos Solar — Solar project, TX (ERCOT), 120 MW, COD 2017.
Public Utilities
Mira Loma Battery Storage Facility — 20 MW / 80 MWh Li-ion (~400 Tesla Powerpacks)
Tesla → Southern California Edison
20 MW
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.