Archive · 19 Sep 2025
Blackstone Eyes Zelestra India Ops in $421 Million Deal
Blackstone, a large investment company, wants to buy the Indian part of Zelestra, a renewable energy company.
The deal is estimated to be worth $421 million.
Zelestra India currently has 600 MW of power plants running and plans to have much more in the future.
India is pushing for more green energy, so companies are investing a lot in this area.
Several other companies have also been involved in deals or considering deals in the same space, such as the sale of O2 Power and others bidding on Vibrant Energy.
Blackstone is looking to acquire Zelestra's Indian operations.
The deal's enterprise value is estimated at $421 million.
Zelestra India has a current operational capacity of 600 MW.
The company has a contracted portfolio of 2 GW, with 1.5GW under construction.
Blackstone plans to set up a new green energy platform in India.
- Who
- Blackstone Inc. and Zelestra
- What
- Blackstone is looking to acquire the Indian operations of Zelestra.
- When
- No specific timeframe is provided.
- Where
- India
- Why
- To expand in India's green energy sector, capitalizing on the country's renewable energy growth.
- Companies Involved
- Blackstone, Zelestra, EQT, JP Morgan
- Deal Type
- Acquisition
- Deal Value (Enterprise)
- $421 million
- Zelestra India Operational Capacity
- 600 MW
- Zelestra India Contracted Portfolio
- 2 GW
- Zelestra India Target Capacity by 2031
- 8.6 GW