Resolven Mobilises About $900 Million in Financing This Year
The EQT-backed renewable energy platform raised the debt and non-fund lines from 15 lenders.
Key Takeaways
- Resolven said it has mobilised about $900 million (about Rs 8,550 crore) in financing this year.
- About $700 million is fund-based debt and $200 million is group-level non-fund lines.
- The money came from 15 lenders, including public sector, private and MNC banks.
- The EQT-backed company aims to reach 10 GW of renewable capacity by 2030.
Table of Contents 8 sections
Resolven, an Indian renewable energy platform backed by EQT, said it has mobilised about $900 million (about Rs 8,550 crore) in financing this year. The money came from 15 lenders, according to a company statement.
Of the total, about $700 million is fund-based debt financing and $200 million is group-level non-fund lines. The lenders include public sector banks, private banks, MNC banks and infrastructure financing institutions.
Resolven funding at a glance
| Detail | Resolven |
|---|---|
| Total financing mobilised this year | About $900 million (about Rs 8,550 crore) |
| Fund-based debt | About $700 million |
| Group-level non-fund lines | $200 million |
| Number of lenders | 15 |
| Types of lenders | Public sector banks, private banks, MNC banks and infrastructure financing institutions |
| Backer | EQT |
| Sector | Renewable energy (solar, wind, hybrid and battery storage) |
What Resolven does
Resolven builds and runs renewable energy projects in India across solar, wind, hybrid and battery storage. It was formerly Zelestra India and became an independent company earlier this year.
The company has a development pipeline of about 5.5 GW across solar, wind, hybrid and storage. It said it is targeting more than 1.5 GW of new renewable capacity each year and aims to reach 10 GW by 2030.
Resolven's journey so far
| When | Milestone |
|---|---|
| February 2026 | Zelestra India rebrands as Resolven, backed by EQT |
| March 2026 | Closes a Rs 450 crore refinancing of its 136 MW operating assets with an infrastructure debt fund |
| November 2026 | Says it has mobilised about $900 million in financing this year from 15 lenders |
Resolven's financing began with a Rs 450 crore refinancing
The company said its financing this year began in March 2026 with the closing of a Rs 450 crore refinancing of its 136 MW operating assets with an infrastructure debt fund. Resolven said the deal reduced its interest costs and locked in fixed rates.
CFO Abhinav Agarwal on widening Resolven's lender base
"During the course of this year, we have been able to onboard several domestic and international lenders to back us on our growth journey."
"This is a reflection of our strong pedigree, robust governance and team's execution capabilities."
Where Resolven stands after raising $900 million this year
Resolven has mobilised about $900 million in financing from 15 lenders this year, since it began operating as an independent company. It has a development pipeline of about 5.5 GW, and the company said it aims to reach 10 GW of renewable capacity by 2030.
More funding news
Frequently Asked Questions
How much financing has Resolven mobilised this year?
How is Resolven's $900 million financing split?
How many lenders backed Resolven this year?
What kinds of lenders did Resolven work with?
Is Resolven's $900 million an equity round?
Who backs Resolven?
What does Resolven do?
Where did Resolven come from?
Who is the CFO of Resolven?
How long has Resolven operated under its current name?
What was Resolven's first financing deal this year?
How big does Resolven plan to grow?
More in Funding
IIFL Finance to Raise Rs 6,414 Crore Led by Blackstone
IIFL Finance's board approved an issue of about Rs 6,414 crore led by Rs 5,000 crore from Blackstone.
Cosmoserve Raises $6 Million Led by Rebright Partners
Hyderabad space debris startup Cosmoserve has raised a $6 million seed round led by Rebright Partners.
Venomics AI Raises $2.7 Million in Pre-Seed Round
IISc spin-out Venomics AI has raised $2.7 million to find new drug leads in animal venoms.