Backed by EQT, Resolven enters its next phase as a multi-gigawatt multi-technology RE platform
Delhi, India | February 25, 2026 – Zelestra India today announced its rebranding to Resolven, marking a strategic evolution toward building a disciplined, execution-led renewable energy platform designed for multi-gigawatt scale in India. Backed by EQT, one of the world’s leading global investment firms, the rebrand 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.
We are entering what it calls a "proof-of-scale" phase — a high-stakes two years 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.
Key priorities for 2026 include the timely commissioning of its projects, securing development pipeline enhancing presence in the C&I markets and tying up institutional lending (financial closures) of construction ready projects to de-risk near-term execution. Resolven is also prioritising evacuation infrastructure and substation readiness to support hybrid and storage-led growth.
Federico D’Amico, Managing Director, EQT Partners, said: “India’s renewable energy market is entering a phase where execution capability and long-term discipline will be as critical as scale. Resolven’s evolution reflects a clear focus on delivering complex projects reliably, with strong governance and operational rigor. EQT views Resolven as a resilient, multi-gigawatt renewable energy platform aligned with India’s energy transition and long-term infrastructure needs, and remains committed to its development and growth.
EQT continues to back Resolven with long-term institutional capital and strategic expertise, reinforcing the company’s ambition to scale durable renewable energy infrastructure aligned with India’s energy transition.
About Resolven
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. The company is led by an experienced and committed leadership team, built on the foundation established and strengthened under Zelestra. Resolven is backed by EQT — a global investment organisation renowned for its long-term approach to value creation, accountability, and purpose.
Media contact
Meenakshi Sarkar: 8130353831 | meenakshi.sarkar@zelestra.energy
