, India
Logo of TotalEnergies

Adani Green finalises 1,050 MW joint venture with TotalEnergies

TotalEnergies has invested $300m for the AGEL subsidiary, gaining a 50% stake.

Adani Green Energy Limited (AGEL) has completed its 1,050 MW strategic joint venture with TotalEnergies, with the latter acquiring a 50% stake in the projects.

Through the completion of the 1,050 MW renewable portfolio, TotalEnergies has contributed an equity investment of $300m for the projects.

ALSO READ: JERA, PT Pertamina ink deal to boost LNG, hydrogen value chain

AGEL has also added a mix of operational 300 MW, along with 500 MW under construction and 250 MW of under-development assets, for a blend of solar and wind power projects in India.

The partnership between both energy entities emphasises the importance of a strategic alliance and an investment flow for a strong energy transition. In turn, the joint venture has supported AGEL’s target of 45 GW capacity by 2030.

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Coal-dependent ASEAN told to scale up RE generation
A regional power grid could help governments in their renewable energy transition.
Indonesia told to tap communities in clean energy transition
Solar and wind power managed by villages could generate 96 million jobs over 25 years.
Indonesia to add 90 MW geothermal capacity
Three power plants in West and East Java and North Sumatra will start operating this year.