Apollo Green Energy Targets IPO Launch by Q4 2025

23 Jan 2025 CW Team

Apollo Green Energy, the renewable energy division of Apollo International Group, plans to launch its initial public offering (IPO) by the fourth quarter of calendar year 2025. The company focuses on green projects, primarily solar power, alongside investments in battery storage, green hydrogen, and EV charging infrastructure.

Apollo Green Energy, currently an EPC provider with 400 MW of solar projects under construction, aims to transition into a developer in the solar sector. Additionally, the company is preparing to enter solar product manufacturing by FY26, targeting an initial 500 MW production line, with land for the facility already identified.

Apollo Green Energy’s order book stands at Rs 35 billion, with plans to scale it to Rs 100 billion within the next two years. Achieving this goal will require a 400–500-member core team, supplemented by contractual manpower. The company estimates Rs 30 billion in working capital will be necessary for these projects over a 6–12-month period.

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