EQT-Backed Resolven Mobilizes $900 Million in Debt Financing for Renewable Energy Expansion

Resolven, a renewable energy platform backed by private equity firm EQT, has raised $900 million in financing this year from a consortium of 15 lenders. The capital comprises fund-based debt and group-level non-fund lines to support the company's growth and capacity targets.

NEW DELHI — Resolven, an Indian renewable energy platform backed by private equity firm EQT, announced on Tuesday that it has mobilized USD 900 million (approximately Rs 8,550 crore) in financing so far this year.

The funds have been secured from a diverse group of 15 lenders, which includes public sector banks, private banks, multinational banks, and infrastructure financing institutions. Resolven established itself as an independent renewable energy company earlier this year.

According to the company, the USD 900 million financing package is split into approximately USD 700 million of fund-based debt financing and USD 200 million in group-level non-fund lines.

The company’s financing activities for the year began in March 2026 with the closing of a Rs 450 crore refinancing deal for its 136 MW operating assets with an Infrastructure Debt Fund. Resolven stated that this initial transaction helped reduce interest costs and secured fixed rates amidst a volatile market environment.

Abhinav Agarwal, Chief Financial Officer of Resolven, commented on the development: "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. We are grateful for the trust placed by lenders on us and gives us the strength to deliver on what we have promised."

Looking ahead, Resolven is targeting more than 1.5 GW of new renewable capacity annually across solar, wind, hybrid, and battery storage solutions. The company aims to scale its total operational capacity to 10 GW by 2030.

Resolven is backed by EQT, a global private markets firm managing 270 billion euros in total assets under management.

"Securing a $900 million debt financing package from a diverse group of 15 lenders demonstrates strong institutional confidence in Resolven's operational capabilities and asset quality. For capital-intensive sectors like renewable energy, diversifying the lender base across public, private, and international banks helps optimize capital costs and manage interest rate volatility. Resolven's structured approach—starting with the refinancing of operating assets to lower costs before funding expansion—offers a practical blueprint for scaling infrastructure platforms sustainably." — Dr. Shishir Gupta, Founder & CEO, StartupLanes