Zelestra India Becomes Resolven, Targets 1.5 GW Annual Renewable Energy Execution

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, a global investment firm, the rebrand reflects the company’s transition into its next phase of growth, with ability to deliver complex renewable portfolios at scale, the company notes.

“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," said Board member and CEO Parag Sharma.

Key Priorities

The company highlights the key priorities for 2026 which include the timely commissioning of its projects, securing the 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 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.”

EQT is backing Resolven with long-term institutional capital and strategic expertise.