FinancingClosedMarch 25, 2026

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
Societe Generale (lead); HSBC (co-arranger)
Offtaker
Meta Platforms
Deal Value
$600M
Stage
Construction
ISO/RTO
ERCOT

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