Apollo Green Energy to Invest ₹500 Cr in 1GW Renewable Push

07 Mar 2025 CW Team

Apollo Green Energy (AGEL) announced the launch of its new subsidiary, AGEL Renewable Energy Ltd, with an investment of Rs 5 billion to develop a 1GW renewable energy portfolio over the next 2-3 years. The company aims to begin this initiative from FY26 to support India’s clean energy transition.

The subsidiary will primarily focus on utility-scale solar projects while integrating advanced energy storage solutions, including hydrogen-based systems. As part of its strategy, AGEL Renewable Energy Ltd will actively bid for large-scale government tenders and establish power purchase agreements (PPAs) with utilities and commercial consumers.

Additionally, the company plans to hire up to 200 professionals across engineering, project management, research & development, and operations.

""This initiative is designed to ensure energy reliability and affordability for all stakeholders,"" said Raaja Kanwar, Managing Director of Apollo Green Energy. ""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.""

Currently, AGEL operates across eight states with a diverse portfolio, including 400 MW of solar installations. The new subsidiary is expected to bridge critical gaps in India’s renewable energy sector and contribute significantly to the country’s sustainable energy goals.

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