Apollo Green to form subsidiary; invest Rs 5 billion
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…