Adani Green Completes Major Joint Venture Deal With Energy Giant TotalEnergies

Adani Green Energy Limited (AGEL), India’s largest solar power developer, has announced the completion of a major joint venture deal with one of the world’s largest energy companies, TotalEnergies of France.

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Adani Green Completes Major Joint Venture Deal With Energy Giant TotalEnergies

Adani Green Energy Limited (AGEL), India’s largest solar power developer, has announced the completion of a major joint venture deal with one of the world’s largest energy companies, TotalEnergies of France.

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TotalEnergies has invested $300 million to acquire a 50% stake in a new joint venture with AGEL.

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The JV will house a large portfolio of operating and under-development renewable energy projects held by AGEL.

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TotalEnergies’ investment will support the further development of these clean energy assets across India.

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In a statement, AGEL said the deal signifies a strengthening of its long-standing strategic alliance with TotalEnergies.

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For TotalEnergies, acquiring the 50% JV stake fits with its ambition to vastly grow its global renewable energy business.

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