Linde India has completed a Rs 105 crore investment in Zenataris Renewable Energy, a special purpose vehicle of Fourth Partner Energy. The final tranche of Rs 69.90 crore was paid on July 14, 2026, securing Linde a 26.77% equity stake in the solar and wind generation platform. The investment allows Linde to source captive renewable power for its energy-intensive gas production units. By meeting the statutory threshold for captive user status, Linde avoids cross-subsidy surcharges and insulates itself from volatile grid tariffs. The move also helps Linde produce certified low-carbon gases, aligning with industrial ESG compliance requirements. This deal highlights how large industrial consumers are using equity-linked renewable procurement to cut costs and carbon footprints simultaneously. It is a practical example of captive open-access mechanisms driving clean energy adoption in India.
