Adani Green completes JV with TotalEnergies, raises USD 300 million

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Ahmedabad (Gujarat) [India], December 27 (ANI): Adani Green Energy Limited (AGEL) on Wednesday announced the completion of the 1,050 MW joint venture (JV) with TotalEnergies...

As part of the JV, TotalEnergies invested USD 300 million in AGEL subsidiary, for acquiring 50 per cent stake in the projects..

This follows the binding agreement about the JV announced between AGEL and TotalEnergies in September 2023, the Adani Group company said in a press release...

With an operating renewable portfolio of 8.4 GW spread across 12 states, AGEL is currently the largest renewable energy developer in India, offsetting over 41 million tonnes of CO2 emissions cumulatively..

AGEL is committed to its target of achieving 45 GW of renewable energy capacity by 2030, aligned with Indias decarbonization goals, the release stated...