2 days ago
Apollo Green Energy plans entry into green hydrogen, BESS; eyes 1 GW EPC order book by 2026
New Delhi:
Apollo Green Energy
Limited is targeting a 1 GW EPC (Engineering, Procurement, and Construction) order book by 2026 and expanding into new segments such as
green hydrogen
,
battery energy storage systems
(BESS), and electric vehicle (EV) infrastructure as part of its long-term growth strategy. The company is currently executing over 400 MW of solar projects across multiple states and has a growing order pipeline of over ₹3,000 crore.
A part of the Apollo International Group, Apollo Green Energy reported a consolidated revenue of ₹72,616 lakh for the financial year 2024–25. Its profit after tax stood at ₹4,436 lakh. The company declared a 15 per cent dividend for its shareholders for the year ending March 31, 2025.
The firm is also advancing its Independent Power Producer (IPP) plans. It has established a 100 per cent subsidiary under the IPP model and secured its first two Power Purchase Agreements (PPAs) of 4 MW each under Component A of the PM-KUSUM Scheme with Jodhpur Vidyut Vitran Nigam Limited (JVVNL).
'This has been a productive year of execution and expansion. We have ongoing EPC projects with NHPC across Odisha, Kerala, and Gujarat totalling 290 MW (AC), along with the successful delivery of a ₹700 crore FGD project in Anuppur,' said Raaja Kanwar, Chairman and Managing Director, Apollo Green Energy.
He added, 'Our solar streetlight project in Bihar, with over 1,40,000 installations, is set to significantly enhance energy access and public lighting. We are now focusing on scaling our EPC pipeline and expanding our presence in emerging areas like IPP and energy storage.'
The company stated that it operates in eight states and follows an asset-light, technology-enabled business model. It is actively engaging with global partners for joint development of green hydrogen and long-duration storage projects.
'As we move forward, our goal is to grow responsibly, support climate objectives, and deliver reliable, cost-effective clean energy solutions across the country,' Kanwar said.
