Apollo Green Energy's Diversification into Green Technologies and Expansion Plans
Key Ideas
  • Apollo Green Energy aims for a 1 GW EPC order book by 2026, expanding into green hydrogen, BESS, and EV infrastructure.
  • The company has ongoing solar projects in multiple states, a consolidated revenue of ₹72,616 lakh, and a profit after tax of ₹4,436 lakh.
  • Apollo Green Energy is focusing on expanding its EPC pipeline, IPP plans, and engaging in joint development projects for green hydrogen and energy storage.
  • Chairman Raaja Kanwar highlighted successful projects like solar streetlights in Bihar, EPC projects with NHPC, and a ₹700 crore FGD project in Anuppur.
Apollo Green Energy Limited, a part of the Apollo International Group, is strategically diversifying its portfolio by venturing into green technologies including green hydrogen, battery energy storage systems (BESS), and electric vehicle (EV) infrastructure. The company's current focus is on achieving a 1 GW EPC order book by 2026. With ongoing solar projects totaling over 400 MW across states and a robust order pipeline exceeding ₹3,000 crore, Apollo Green Energy reported a consolidated revenue of ₹72,616 lakh for the financial year 2024–25. Moreover, the company is actively advancing its Independent Power Producer (IPP) plans and has secured Power Purchase Agreements (PPAs) under the PM-KUSUM Scheme. Apollo Green Energy's Chairman, Raaja Kanwar, emphasized the successful execution of various projects like solar streetlights in Bihar and EPC projects with NHPC. Apollo Green Energy's vision includes responsible growth to support climate objectives and provide cost-effective clean energy solutions nationwide. The company aims to expand its EPC pipeline, strengthen its presence in emerging areas like IPP, and collaborate with global partners for green hydrogen and energy storage projects. The adoption of an asset-light, technology-enabled business model further enhances Apollo Green Energy's position in the renewable energy sector, ensuring sustainable growth and innovation.
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