Apollo Green Energy plans entry into green hydrogen, BESS; eyes 1 GW EPC order book by 2026

Apollo Green Energy Targets 1 GW EPC by 2026, Expands into Green Hydrogen and BESS.

Expert Analysis :

• Expansion & Growth Strategy: Apollo Green Energy targets a 1 GW EPC order book by 2026 and is expanding into green hydrogen, BESS, and EV infrastructure, with 400+ MW solar projects underway and an order pipeline exceeding ₹3,000 crore.

• Financial Performance: Apollo Green Energy, part of Apollo International Group, reported consolidated revenue of ₹72,616 lakh and profit after tax of ₹4,436 lakh for FY 2024–25, declaring a 15% dividend for the year ending March 31, 2025.

• IPP Expansion: Apollo Green Energy has set up a 100% subsidiary for its IPP model and secured two 4 MW Power Purchase Agreements under the PM-KUSUM Scheme with Jodhpur Vidyut Vitran Nigam Limited.

• Project Execution: Ongoing EPC projects with NHPC across Odisha, Kerala, and Gujarat total 290 MW (AC), plus successful delivery of a ₹700 crore FGD project in Anuppur.

• Solar Streetlight Initiative: Over 1,40,000 solar streetlight installations in Bihar aimed to improve energy access, while the company focuses on scaling EPC and expanding IPP and energy storage.

• Operational Model & Partnerships: Operating in eight states with an asset-light, technology-driven model, Apollo Green Energy partners globally for green hydrogen and long-duration storage projects.