New Delhi, February 25 Zelestra India announced its rebranding to Resolven on Wednesday, marking a strategic move towards building a disciplined, execution-focused renewable energy platform designed for multi-gigawatt scale in India.
Backed by EQT, one of the world's leading investment firms, the rebranding reflects the company's transition into its next phase of growth — anchored in commissioning discipline, operational rigor, and the ability to deliver complex renewable portfolios at scale, a company statement said.
"We are entering what we call a 'proof-of-scale' phase — a high-stakes two-year period in which we aim to execute more than 1.5 GW of projects annually across solar, wind, hybrid, and battery storage, simultaneously, across multiple states. With a 5.5 GW pipeline already in hand, the next two years will be demanding, but it will also define Resolven as a serious multi-gigawatt renewable platform in India," says Board member and CEO Parag Sharma in the statement.
Sharma also told reporters in a media roundtable earlier in the day that the company's expansion plans will entail an investment of about USD 1.2 billion, which includes USD 300 million as equity and the remaining as a debt portion.
Resolven is also prioritizing evacuation infrastructure and substation readiness to support hybrid and storage-led growth.
Federico D’Amico, Managing Director and Head of India Infrastructure at EQT, said, "India's renewable energy market is entering a phase where execution capability and long-term discipline are becoming as important as scale. Resolven's evolution reflects a clear focus on delivering complex projects with strong governance, structured processes, and predictable delivery. EQT has a strong belief in Resolven's strategy and leadership team, and is committed to supporting the company's next phase of growth in line with India's energy transition and long-term infrastructure needs."
Resolven is a vertically integrated, multi-technology renewable energy platform with a 5.5 GW pipeline and a strategic ambition to deliver 10 GW of high-quality renewable assets by 2030.
