Author: PPD Team Date: 07/03/2025
Apollo Green Energy Limited (AGEL) is set to develop 1,000 MW of renewable energy (RE) projects across India by 2028.
The company will invest Rs 5 billion through its newly formed subsidiary, AGEL Renewable Energy Limited, which will focus on utility-scale solar power projects integrated with energy storage systems (ESS), including hydrogen-based solutions.
The subsidiary will actively participate in large-scale government tenders and establish power purchase agreements (PPAs) with utilities and commercial consumers. To support these projects, AGEL Renewable Energy plans to hire up to 200 professionals in engineering, project management, research and development, and operations.
Raaja Kanwar, Managing Director of Apollo Green Energy, emphasized the company’s focus on energy reliability and affordability. “By focusing on advanced storage technologies, such as hydrogen and batteries, and actively participating in government tenders, we are aligning with national renewable energy targets while fostering innovation,” he said.
Currently operating in eight states, AGEL has a diverse portfolio, including 400 MW of solar installations. In July 2024, the company secured a Notification of Award (NoA) for engineering, procurement, and construction (EPC) work on a 40 MW solar power project in Odisha, quoting Rs 1.52 billion.