Apollo Green Energy Limited (AGEL) has launched a new subsidiary, AGEL Renewable Energy Limited, to focus on utility-scale solar projects and energy storage solutions, including hydrogen-based systems. The subsidiary aims to expand AGEL’s presence in India’s renewable energy sector by developing large-scale projects that integrate innovative storage technologies.
Additionally, AGEL Renewable Energy Limited plans to develop a 1,000 MW renewable energy portfolio with an investment of Rs 5 billion in the coming years. Reportedly, the company will actively participate in government tenders and establish power purchase agreements with utilities and commercial consumers.
Apollo Green Energy Limited, founded in 1994, is an engineering, procurement, and construction company specialising in renewable energy solutions.
