Zelestra Unveils Ambitious Renewable Energy Plan in Latin America
Key Ideas
  • Zelestra, formerly Solarpack, launches a new brand focusing on multi-technology renewable energy solutions including green hydrogen to drive the energy transition.
  • Backed by EQT, Zelestra plans to invest €5 billion between 2024-2026 to expand its projects and become a leading provider of decarbonization solutions.
  • The company aims to reach a total of 45 GW of projects by 2026, quadrupling its size and significantly increasing its renewable energy capacity.
  • Zelestra's mission is to make decarbonization a reality by combining innovation, collaboration, and global expertise to deliver carbon-free solutions to customers worldwide.
Zelestra, formerly known as Solarpack, has announced its rebranding as a global renewable energy company focusing on a multi-technology approach to drive the energy transition. The company, backed by EQT, one of the largest private equity firms globally, aims to invest €5 billion between 2024 and 2026 to expand its renewable energy projects. With a strategic focus on wind, solar, batteries, and green hydrogen, Zelestra plans to provide decarbonization solutions to its clients. The company's CEO for LATAM, José Luis García, expressed excitement about the new brand and the ambitious goals set for the region, highlighting the investment commitment to enhance their offerings. CEO Leo Moreno outlined the strategic plan to grow Zelestra's project portfolio to 45 GW by 2026, emphasizing the importance of Latin America in achieving this objective. Currently, the company has 20 GW in its project portfolio, with plans to increase significantly in the coming years. Zelestra's new brand represents a pivotal moment in the company's evolution, signaling a shift towards a more customer-focused approach and a commitment to providing efficient and carbon-free solutions. With a strong emphasis on innovation and collaboration, Zelestra aims to be a guiding light for its clients in achieving decarbonization. The company's strategy revolves around tailored solutions to meet customer needs and address the challenges of a competitive renewable energy sector. Zelestra's vast experience working in 13 countries positions it as a trusted partner for delivering sustainable and competitive energy solutions. The company's goal is not just to expand its reach but to lead the way in promoting a zero-carbon future for its customers and the planet.
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