Zelestra India Rebrands as Resolven, Targets 10 GW RE Capacity by 2030
Zelestra India has rebranded as Resolven, with an existing 2.7 GW pipeline, backing from EQT, and a target to reach 10 GW of renewable energy capacity by 2030.
February 27, 2026. By Mrinmoy Dey
Announcing the development, Parag Sharma, CEO, Resolven, said, “I am excited to announce the beginning of yet another chapter in my renewable energy journey. We have launched Resolven as a platform that aspires to be trusted for solving complex challenges and delivering long-term value while shaping India’s clean energy transition.”
He added that Resolven’s mission is to develop, build, and operate clean energy infrastructure by combining disciplined capital, strong local execution, and a problem-solving mindset to deliver reliable outcomes for customers, partners, and investors.
Resolven will build on Zelestra India’s existing portfolio and will be supported by substantial investment from EQT, which has been actively backing India’s renewable energy sector. Sharma noted that the collaboration builds on his earlier association with EQT during the development of O2 Power.
“At Resolven, we are committed to building a long-lasting platform that will serve as the trusted backbone for our partners’ decarbonisation journeys,” he said.
The company has set a target of achieving 10 GW of renewable energy capacity across core and adjacent segments by 2030, through a combination of organic growth and strategic acquisitions.
With an existing team and a project pipeline of around 2.7 GW, the company has already established initial momentum and is preparing for the next phase of scale-up. Sharma emphasised that the company’s approach will be guided by performance excellence, ownership, teamwork, trust, and adaptability.
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