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
- Source
- BusinessWire / Zelestra
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