Apollo Green Energy targets Rs 100 billion in renewables

08 Nov 2024 CW Team

Apollo Green Energy Limited (AGEL), a subsidiary of Apollo International Group, is set to grow its renewable energy portfolio to Rs 100 billion by 2025, with plans for an initial public offering (IPO) to fuel this expansion. AGEL currently holds an order book of Rs 35 billion and manages Rs 25 billion in solar projects across several states.

Operating in eight states, AGEL’s portfolio includes 400 MW of solar power installations and a Rs 7 billion Flue Gas Desulfurization (FGD) project aimed at reducing emissions in power generation. These projects support India’s ambitious target of reaching 500 GW of renewable energy capacity by 2030.

AGEL’s revenue surged from Rs 3.24 billion in FY22 to Rs 11.74 billion in FY24, largely due to its focus on solar, green hydrogen, and hybrid energy solutions. CEO Sanjay Gupta remarked, “With a skilled team of over 200 and a robust order book, our goal is to meet India’s energy demands sustainably. The 2025 IPO will be a key step to scale operations and invest in advanced renewable technologies.”

Among its major projects, AGEL is working on a 40 MW solar installation in Odisha, a 50 MW floating solar plant in Kerala, and a 200 MW solar tracker project in Gujarat. It’s also deploying 150,000 smart solar street lights in Bihar and exploring future ventures in wind, green hydrogen, and battery storage.

In line with its growth plans, AGEL is forming alliances with tech providers and considering in-house solar module production to reduce costs, reinforcing its role in India’s renewable energy landscape. (ET)

Infrastructure Urban

13 Oct 2025

Recycling Leaders Push for Policy Reforms in India

As India prepares for the largest recycling-focused event in its history, industry leaders are making a strong case for policy reforms to unlock the country’s circular economy potential. Ahead of the Bharat Recycling Show (BRS) 2025, co-located with Plastics Recycling Show (PRS) India, a high-level panel discussion in Mumbai spotlighted the urgent need for regulatory clarity, digital innovation, and integration of the informal sector.Held under the theme “Unlocking Circular Value: Regulatory and Market Trends in Recycling”, the panel brought together prominent voices from across the recy..

Environmental Hearing Set for 1000 MW Naying Hydro Project

The environmental public hearing for the 1,000 MW Naying hydroelectric project will take place on November 12 at Yapik community hall in Shi-Yomi district, Arunachal Pradesh, officials confirmed. The run-of-the-river project on the Siyom (Yomgo) river is being developed by the North Eastern Electric Power Corporation (NEEPCO). Construction, including a concrete dam, underground powerhouse, and tunnel, is expected to commence around 2028, with commissioning planned by 2032. The project aims to generate approximately 4,966.77 GWh of electricity. The Naying project received Central Electricity ..

India Achieves 490 MWh Energy Storage Capacity by June 2025

India’s cumulative energy storage capacity reached 490 MWh by June 2025, according to data released by the Central Electricity Authority (CEA). Of this, more than 85 per cent is associated with renewable energy projects, primarily solar and wind, reflecting the country’s accelerated shift towards grid stability and clean energy integration. The CEA report highlights that 16 energy storage systems are currently operational across 10 states, with major installations in Rajasthan, Gujarat, Karnataka, and Maharashtra. These include both standalone and co-located battery systems deployed by le..