Zelestra, announced plans to double its initial 2026 target by constructing 10 GW of renewable energy capacity in India by 2030. The company aims to invest $5 billion, focusing on more advanced projects such as firm and dispatchable renewable energy (FDRE) systems, which integrate storage solutions.
Recently, the company bagged a 140 MW FDRE contract, marking a significant win. Backed by private equity firm EQT, Zelestra operates in thirteen countries with a portfolio totalling 25 GW.
Moreno highlighted that Zelestra intends to prioritize complex renewable energy projects, such as solar and storage combinations, over conventional solar or wind installations. He emphasized that the growing focus on energy storage solutions is driving the company’s strategy in India.
As reported by manufacturingtodayindia.com, Zelestra secured a 140 MW FDRE project at a rate of ₹4.25 per unit, and it plans to explore more opportunities, including pumped storage and green hydrogen projects, as part of its long-term strategy.
