Zelestra India Rebrands as Resolven, Targets Multi-Gigawatt Renewable Scale

Zelestra India has rebranded as Resolven, signaling a strategic shift toward building a disciplined, execution-led renewable energy platform designed for multi-gigawatt scale in India.

Backed by global investment firm EQT, the rebranding marks the company’s transition into its next growth phase, with a focus on commissioning discipline, operational rigor and large-scale delivery of complex renewable portfolios.

According to Board Member and CEO Parag Sharma, Resolven is entering what he described as a “proof-of-scale” phase over the next two years. During this period, the company aims to execute more than 1.5 gigawatts (GW) of renewable energy projects annually across solar, wind, hybrid and battery storage segments across multiple states.

With a development pipeline of 5.5 GW already secured, the company said the next two years will be critical in establishing Resolven as a serious multi-gigawatt renewable energy platform in India.

Key priorities for 2026 include timely project commissioning, expanding the development pipeline, strengthening its presence in the commercial and industrial (C&I) segment, and achieving financial closure for construction-ready projects to de-risk near-term execution. The company is also focusing on 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. He added that EQT remains committed to supporting Resolven’s next phase of growth with long-term institutional capital and strategic expertise aligned with India’s energy transition and infrastructure needs.

With the rebrand, Resolven aims to position itself as a scalable and governance-driven renewable energy platform capable of delivering durable infrastructure assets in line with India’s clean energy ambitions.