Apollo Green Expanding Renewable Portfolio with Green Hydrogen Technology Partnership
Key Ideas
- Apollo Green Energy aims to allocate 90% of its Rs 10,000 crore project portfolio towards renewable energy projects, including green hydrogen.
- The company is in talks with international players for green hydrogen technology to expand its portfolio and is looking to go public by the second half of 2025.
- Apollo Green has secured solar projects and plans to expand into wind, hybrid, green hydrogen, and battery storage solutions, breaking away from conventional EPC projects.
- With a strategic focus on renewable energy, the company targets a topline of Rs 1,100 crore in FY 25 and is set to execute projects in multiple states in India.
Apollo Green Energy, an IPO-bound company in India, is actively engaging in discussions with foreign players for green hydrogen technology to enhance its renewable project portfolio. The company aims to dedicate a significant portion of its Rs 10,000 crore project pipeline towards renewable energy projects, with a particular emphasis on green hydrogen production. While India is striving for indigenous development of green hydrogen technology, Apollo Green is seeking international partnerships for crucial components like electrolysers and fuel cells.
Apollo Green has already secured solar projects and is planning to venture into wind, hybrid, green hydrogen, and battery storage solutions. By shifting focus from conventional EPC projects, the company is positioning itself as a key player in the renewable energy sector. With a broad project portfolio across various states in India, including solar installations and initiatives to reduce pollution, Apollo Green Energy is targeting a topline of Rs 1,100 crore in FY 25.
The company's CEO, Sanjay Gupta, highlighted the importance of securing the right technology partners to achieve their ambitious project goals. By acting as a channel partner for international technology providers entering the Indian market, Apollo Green aims to drive innovation in the green hydrogen space. Additionally, the company plans to go public by the second half of 2025, signaling its commitment to sustainable energy solutions and attracting potential investors.
With a clear deployment plan and a focus on value creation for investors, Apollo Green Energy is poised to contribute significantly to India's renewable energy sector while embracing green hydrogen as a promising alternative to fossil fuels.
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