Zelestra has signed a power purchase agreement (PPA) with Tesla for the Lumen Farm solar project. The project has an installed capacity of 140 MWac and is located in Texas. The project is expected to commence construction by 2027 with full operations expected by 2029. The agreement builds on the companies’ existing partnership for the 57 MWac solar PPA in Spain’s Castilla-La Mancha region in 2024.
In May 2026, Zelestra completed the sale of its Latin America platform to Promigas in a transaction valued at approximately $1.1 billion, including project finance debt. The transaction covers Zelestra’s operations in Chile, Peru, and Colombia. The acquired portfolio comprises around 3,500 MW of operational, under construction, or in development renewable energy projects.
In April 2026, Zelestra and EDP signed a power purchase agreement to hybridise an operational solar plant with battery storage. As per the agreement, Zelestra will add a 160 MWh BESS to the 50 MW Pizarroso solar plant in Cáceres. The solar plant has been operational since 2023. EDP, the current offtaker for the solar plant, will use the battery storage to improve energy management and enhance system flexibility.