Zelestra, a Spain-headquartered renewable power developer, has announced a massive investment plan of up to €5 billion between 2024 and 2026. This investment will be directed towards power generation projects, with a strong focus on solar PV and green hydrogen. Zelestra recently acquired a majority stake in German independent power producer East Energy GmbH, aiming to boost its presence in the German market. East Energy has an impressive pipeline of over 2GW capacity, including solar PV, battery storage, and green hydrogen production. Notably, Zelestra's move aligns with Germany's position as Europe's largest renewables market, with significant growth observed in the solar sector. Germany added 7.5GW of new solar capacity in the first half of 2024, driven by supportive legislation and favorable economic factors. The partnership between Zelestra and East Energy is seen as a strategic step towards accelerating the energy transition in Germany, emphasizing sustainability and innovation. Zelestra's CEO Robert Hienz expressed the company's commitment to delivering advanced, eco-friendly energy solutions to support both clients' goals and the country's renewable energy objectives. This positive development in the renewable energy sector is expected to contribute to Germany's energy transition goals and further solidify Zelestra's position as a key player in the market.