Zelestra, a global renewables player based in Spain, has recently rebranded from Solarpack and shifted its focus beyond solar PV to become a decarbonization platform named Zelestra. The company announced plans to invest 5bn euros in 2024-26 to support its goal of quadrupling in size. Zelestra is now eyeing opportunities in not just solar PV but also the wind, battery storage, and green hydrogen markets. Latin America is a crucial region for Zelestra, with projects in Chile, Peru, Ecuador, and Colombia. The company aims to build a 45GW portfolio of projects in the region, with a significant portion already contracted or under construction. Zelestra's CEO, José Luis García Pérez, highlighted the company's plans for Latin America, with a focus on the Andean region where they aim to have 7.6GW of projects by 2026, predominantly in Chile, Peru, and Colombia. While solar PV remains the primary technology in their portfolio, Zelestra is diversifying into battery storage and wind projects to meet the evolving needs of its clients. The company's decision to expand in Latin America is rooted in its successful history of developing solar projects in the region, particularly in countries like Peru where they built the first solar plant in 2012. Zelestra sees these countries as key partners in achieving ambitious decarbonization goals. In terms of financing, Zelestra plans to continue leveraging project finance with the support of various financial institutions, both private and multilateral, alongside their shareholder, the Swedish investment fund EQT. The company's experience in structuring project finance and its technological versatility position it well to execute its ambitious renewable energy plans in Latin America.