Apollo Green Energy, the renewable energy arm of Apollo International Group, is set to enter the domestic solar manufacturing space by FY26. The company plans to launch its IPO by the last quarter of 2025, with a strong focus on green projects such as solar power, battery storage, green hydrogen, and electric vehicles chargers. CEO Sanjay Gupta emphasized that all funds raised through the IPO will be utilized for green projects exclusively. Currently functioning as an EPC company with 400 MW solar power projects under construction, Apollo Green Energy aims to transition into a developer in the solar sector. The company has identified land for a 500 MW manufacturing line for solar products to be established by FY26. Additionally, they are in discussions with green hydrogen technology providers to implement green hydrogen projects, concentrating on the EPC domain. With ambitious growth plans, Apollo Green Energy targets a significant increase in its order book, from the current Rs 3,500 crore to Rs 10,000 crore in the next 1.5-2 years. This growth trajectory necessitates a substantial working capital of Rs 3,000 crore over 6-12 months. The company also plans to expand its team to 400-500 core strength members to facilitate achieving these targets. Overall, Apollo Green Energy's strategic shift towards solar manufacturing and green projects reflects a positive outlook on the renewable energy sector and underscores its commitment to sustainability and innovation.