TotalEnergies, Adani Green Energy To Expand Partnership In India
NDTV
Adani Green Energy Limited (AGEL) will contribute to the joint venture the assets and TotalEnergies an equity investment of $300 million, which will further support their development
Adani Green Energy Limited (AGEL) and TotalEnergies have entered into a binding agreement to create a new joint venture, equally owned by TotalEnergies and AGEL, with a 1,050 megawatt (mw) portfolio. This portfolio will comprise a mix of already operational (300 mw), under construction (500 mw) and under development assets (250 mw) with a blend of both solar and wind power, the Adani Group company said in a statement.
AGEL will contribute to the JV the assets and TotalEnergies an equity investment of $300 million, which will further support their development.
"Thanks to this new transaction, TotalEnergies will reinforce its strategic alliance with AGEL and support the company in becoming the Indian leader of renewable energy, with a target of 45 gw (gigawatt) renewable power capacity by 2030," AGEL said in the statement.
