EQT-backed Resolven raises $900 million to expand renewable energy capacity
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓EQT-backed renewable energy platform Resolven raised USD 900 million this year to expand its solar, wind, and battery storage capacity.
- ✓The company got funds from 15 lenders to support its growth.
- ✓CFO Abhinav Agarwal said, "We have been able to onboard several domestic and international lenders to back us."
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The renewable energy platform is broadening its lender base as it steps up investments across solar, wind, hybrid and battery storage
Private equity firm EQT-backed Indian renewable energy platform Resolven on Tuesday said it has mobilised USD 900 million (about Rs 8,550 crore) financing this year so far, backed by an expanding lender base.
The funds have been mobilized from a set of 15 lenders including public sector banks, private banks, MNC banks and infrastructure financing institutions, a company statement said.
Resolven became an independent renewable energy company earlier this year.
Of USD 900 million, about USD 700 million is fund-based debt financing, and USD 200 million group level non-fund lines.
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