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Apollo Green Plans to Set up 500 MW Solar Module Production Facility

Apollo Green Energy, plans to set up a 500 MW solar module plant in the next two to three years. This aligns to government's focus on clean energy as the country looks to add 500 GW of renewable energy by 2030, from 154 GW currently.

 

The company, which focuses on constructing renewable energy projects, currently has an order book of Rs 35 billion (USD 416 million), and is looking to expand so that it can triple the size to Rs 100 billion in this financial year.

 

The company has identified a site in Madhya Pradesh to set up a 500 MW solar module production facility for supply of components to its projects, with plans to increase the capacity.

 

Apollo Green Energy is also executing 400 MW of solar installations and other EPC projects and aims to expand into wind, green hydrogen and battery storage solutions space.

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