Corporate News     20-Sep-23
Adani Green Energy and TotalEnergies form 50:50 JV
To manage and develop 1050 MW of renewable energy portfolio
Adani Green Energy (AGEL) and TotalEnergies have entered into a binding agreement to create a new JV, equally owned by TotalEnergies and AGEL, with a 1,050 MW portfolio. This portfolio will comprise a mix of already operational (300 MW), under construction (500 MW) & under development assets (250 MW) with a blend of both solar & wind power.

AGEL will contribute to the JV the assets and TotalEnergies an equity investment of 300 MUS$ 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 renewable power capacity by 2030.

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