zelestra

Zelestra has signed a power purchase agreement (PPA) with electric vehicle manufacturer Tesla to sell 57MW of solar capacity.

Europe will see “moderate” electricity demand increase in the coming years, despite the global growth of data centres and AI.

The portfolio consists of three solar plants – Belinchón I, II and III – , all located in the central region of Castilla-La Mancha.

Zelestra has acquired a majority stake in German independent power producer (IPP) East Energy GmbH from CropEnergies.

Graphic Packaging International (GPI) will acquire electricity from an 83MW solar portfolio operated by Zelestra.

Even though the solar PV market in Ecuador is currently non-existent, with only a few projects operational and mostly in the distributed generation market, it is about to take off, says José Luis García Pérez, Latin America’s CEO at Spanish developer Zelestra, formerly known as Solarpack.

Spanish renewable power developer Zelestra has added €225 million (US$242.1 million) in loan financing to its funding streams.