Zelestra, a global, multi-technology, customer-focused renewable energy company, has closed USD 350 million in green project financing credit facilities for its 203 MW Reclamation Solar project in Gibson County, Indiana.

The credit facilities were provided by Canadian Imperial Bank of Commerce (CIBC), BBVA and Societe Generale. The project is underpinned by a long-term Power Purchase Agreement (PPA) with Meta and is due to come online by the end of 2027.

A Milestone Year in US Project Financing

With this close, Zelestra has passed USD 1 billion in project financing raised in the United States in 2026, reaching USD 1.14 billion. The financing activity is putting more than 800 MW of new solar into construction for the company's customers across the country.

Sybil Milo Cioffi, Zelestra's US CFO, said, "Passing USD 1 billion in US project financing this year is a milestone we are pleased to share with our lenders and our customers. Reclamation is a major project that will deliver many benefits to our customers and to the wider community. We are pleased that CIBC, BBVA and Societe Generale are backing our ambition. These partnerships enable us to keep building at the pace this market needs."

Ines Serrao, Head of U.S. Project Finance & Infrastructure at CIBC, added: "CIBC is pleased to have served as Left-Lead Arranger on the financing of Reclamation Solar and to support Zelestra on this important project. The transaction demonstrates our ability to deliver financing solutions for large-scale renewable energy projects and support growing power demand across the US."

Built on Reclaimed Coal Mining Land

Reclamation takes its name from the land beneath it. The project sits on a site reclaimed from former coal mining operations in southwest Indiana. The project is already under construction and is expected to support approximately 200 jobs at peak construction.

Zelestra's US Platform and Pipeline

Zelestra continues to expand its US platform with multi-technology solutions built around the growing energy needs of hyperscalers and corporate customers. The company is headquartered in Arlington, Virginia, and is developing a pipeline of approximately 16 GW across key US markets.

Recent Financing Activity

The Reclamation close follows a series of recent financings by the company. In March 2026, Zelestra secured USD 600 million in green financing for a 440 MW Texas solar portfolio backed by Meta PPAs. In July 2026, it secured USD 181 million in green financing to advance a 176 MW Texas solar project.

In April 2025, the company closed USD 113 million in financing for the Jasper County Solar Plant in Indiana. In July 2025, Zelestra increased its Corporate Financing Facility to USD 897.12 million as its global multi-technology growth accelerated.

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